EURGBP potential upsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85100 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85100 support and resistance area. Trade safe, Joe.Longby JoeChampion3
EURGBP is ready to make bull movesthe trend is slowly moving towards bull run but it will be more clear if it breaks its last LH point Longby faisal-1014
EURGBP longEURGBP seems bullish; There is a bullish Divergence on RSI There is a reversal pattern formed, Inverted Head and Shoulder.Longby Saad_Amjid1
EURGBP - Long Bullish divergence on 1H Bullish divergence on 4H Hidden Bullish divergence on 1D Break of structure Formed higher high Longby Mibbro112
EUR/GBP (euro-pound): two potential targets have been identifiedObserving the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick, we are having eyes on two key zones for making closures - both partial and full - and generating profits. With the total risk-reward set at an approximation of 1:4, we are being patient and awaiting further action from the price. Nevertheless, there is no need to rush. As we know well, the market should and will do its thing regardless of our interpretation of it. Hence, the only thing that we could do is to follow our risk management plan, take a calculated guess, and have eyes on the long-term spectrum while remaining patient and composed at all times and costs.Longby InvestroyUpdated 4
uptrend The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, the continuation of the movement process will proceed according to the specified pathsLongby STPFOREX2
Key factors for EUR/GBP trade next week Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB President Christine Lagarde has recently expressed confidence that Eurozone inflation is under control, hinting at a possible interest rate cut next month. The same level of dovishness is not yet seen in the language of the BOE officials. Additionally, the GBP/EUR pair could be influenced by changes in the U.S. dollar. The pound typically exhibits greater sensitivity to shifts in risk sentiment compared to the euro. A softening U.S. dollar, potentially stemming from upcoming U.S. jobs data, might further strengthen the pound against the euro. Intraday bias for the GBP/EUR pair remains neutral, with potential for more consolidations. Across the week, we get the US JOLTs Job Openings, ADP Employment Change, and the all-important Nonfarm Payrolls (NFP). Last month’s NFP reported 175,000 jobs added in April 2024, down from 315,000 jobs added in March, and falling well short of expectations for 240,000. This month's forecast is for even fewer, at 150,000 jobs. Bear in mind, any surprising strength in U.S. job data or a more hawkish tone from the BOE could lead to different trading dynamics. by BlackBull_Markets4
Potential Bull MoveDon't wish it was EASY, Wish that you had more SKILLS. This is the Euro Pound forming what is well known as a perfect AB=CD in Harmonics strategy, which is a very good sign for a reversal. Price testing the Support Zone as in the previous. There has been a good rejection from the zone which adds more confluence for a reversal. As well, price has broken the sloping TL adding more reasons to go Up stairs. As it stands, we're looking for a fly to high attitudes. The first target is the channel's resistance line although it could go further if some factors are met. Until then, we remain BULLISH ON THE EURO POUND.Longby Evaristos338
4-hour EUR/GBP Inverse Head and Shoulders PatternInverse Head and Shoulders Pattern Pattern Formation: Left Shoulder: The first dip followed by a rise. Head: A deeper dip than the left shoulder followed by another rise. Right Shoulder: A dip similar in depth to the left shoulder followed by a rise. Neckline: The horizontal resistance line connecting the highs of the left shoulder, head, and right shoulder. In this chart, the neckline is marked at approximately 0.85200. Implications: An inverse head and shoulders pattern typically indicates a reversal from a downtrend to an uptrend.If the price breaks above the neckline, it suggests a potential bullish breakout, signaling a buy opportunity. Key Observations: The EUR/GBP has been in a downtrend. The pattern is forming at the end of the downtrend, indicating a possible reversal. The price is currently near the neckline. A break and close above the neckline would confirm the pattern and could lead to further upside potential. Trading Strategy: Entry Point: Consider entering a long position if the price breaks and closes above the neckline (0.85200) with significant volume. Stop Loss: Place a stop loss below the right shoulder to manage risk. Target Price: Measure the distance from the head to the neckline and project it upwards from the breakout point to set a target price. Risk Management: Monitor the volume during the breakout. Higher volume increases the reliability of the breakout.Be cautious of false breakouts. Wait for a confirmed close above the neckline.by Day_Trading_Attack_Penguins2
EURGBP Buy ideaThe long position in EURGBP is initiated at the current market price of 0.85100, reflecting the favorable risk-reward profile. The first target is set at 0.85325, aligning with the entry point and representing an initial profit-taking opportunity. Subsequently, the second target is established at 0.85663, encompassing the potential upside trajectory based on comprehensive technical and fundamental considerations.Longby GODOCM3
Potential bullish rise?EUR/GBP has just bounced off the support level which is a pullback support and could potentially rise to our take profit. Entry: 0.8501 Why we like it: There is a pullback support level. Stop loss: 0.8456 Why we like it: There is a support level which lines up with the 61.8% Fibonacci projection. Take profit: 0.8530 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets5
EURGBP SidewaysEURGBP is not making any clear higher highs or lower lows indicating sideways pattern.by ruba_hasan960
EUR/GBP may rise 15 - 22 pipsOur pivot point stands at 0.8493. Our preference Rebound. Alternative scenario The downside breakout of 0.8493 would call for 0.8480 and 0.8473. Comment The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (0.8504) but below its 50 period moving average (0.8507). Supports and resistances 0.8541 ** 0.8534 * 0.8527 ** 0.8520 0.8505 last 0.8497 0.8493 ** 0.8480 * 0.8473 ** Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson3
EURGBP - Setup IRBEntry: - Sell at setup IRB - Entry late - There's still double bottom marked by red circle on the left side. => This entry is not so good. Exit: - Took 2R profit. - Had some luck.Shortby huypham253
possibility of changing the trend The price is expected to follow the indicated path and advance to the indicated support levels after making a new bottom. Then there will be a possibility of changing the trend. If the price crosses the green resistance range, the upward trend up to the resistance range will be possibleLongby STPFOREX2