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EURGBP trade ideas

#007 NEW DCA EURGBP SHORT Down Channel ResistanceThe chart shown is on the 4H but it doesn't matter if its on the 1H or 4H. Both time frames show price doing a power move toward the resistance level of the down channel. I have been eyeing on a few pairs that has this down channel thing, one of the other pair is the AUDUSD and GBPUSD, I think. Currently, TP is set at 71cents SGD, or 41.5pips. No I wish, I thought, I hope, I pray. No no no. 0044SGT 13122024 Talk less, even by typing because the more we talk, the more we set ourselves up for failure. 0045SGT 13122024
Short
by ProfessionalDuckHunter
Buy opportunityTrade Signal: Instrument: EUR/GBP Timeframe: 4-hour chart Strategy: Potential reversal play based on technical indicators and levels. Entry Point: Enter long near the current support level around 0.8236, as the price seems to be bouncing from a recent low. Stop Loss: Place the stop loss slightly below the recent low, at 0.8215 (visible red line as support break confirmation). Take Profit: Target the next resistance zone near 0.8311, as indicated by the upper marked area (approximately 0.90% from entry). Risk-Reward Ratio: The risk-to-reward ratio is favorable (around 1:3 based on stop loss and take profit levels). Momentum Indicator: The squeeze momentum oscillator at the bottom indicates diminishing bearish momentum (red bars shrinking). This could signify a potential reversal or bullish retracement.
Long
by GODOCM
EUR/GBP Reversal in SightHello, OANDA:EURGBP has reached a fresh low, and buyers are beginning to step in, suggesting a potential shift to the upside. The key support level to watch is 0.820688; if the price breaches and closes below this level, further downside could follow, although this seems unlikely at the moment. To confirm a reversal, the price needs to break and sustain above the 4-hour pivot point at 0.823253. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURGBP Wave Analysis 10 December 2024 - EURGBP under bearish pressure - Likely to fall to support level 0.8200 EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the support trendline of the Descending Triangle from November. The breakout of this support zone accelerated the active impulse waves 3 and v – which belong to the impulse wave (3) from January. Given the clear daily downtrend, EURGBP currency pair can be expected to fall toward the next support level 0.8200, the target for the completion of the active impulse wave 3.
Short
by FxProGlobal
EURGBP: 1H - Bullish MomentumTechnical Analysis: Trend: EURGBP is in bullish momentum, supported by the breakout of the last higher high (HH). RSI Sync: RSI is aligned with the bullish trend on 1H TF, confirming momentum. Double Bottom: A double-bottom pattern is visible on the 4H timeframe, supported by RSI divergence, further strengthening the bullish case. Entry Strategy: Entry Point: Buy at the breakout of the last higher high (HH) price. Stop Loss (SL): Place below the last low for risk management. Take Profit Levels: TP1: Near-term resistance or structure level. TP2: Next major resistance above TP1 to maximize profits.
Long
by ya_xir
EURGBP in accumulation Phase, getting ready for a swing upwardThe big players are now in accumulation phase, where they are picking up the liquidity at the bottom of the range (as drawn above). We will be accumulating the positions along with them during this time, getting in at the bottom. This phase is expected to last for another half day to a full day. Then, we ride the pair to our profit target, and thank our driver, as we are a hitch hiker on their big move.
Long
by SAILBOATEVANMOSERS
Weekly Analysis - EUR/GBP"On Monthly: Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400. For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI. EMAs are split, 200 shows Bullish while 20 & 50 are Bearish. -- On Weekly: The Bearish move seems is strong and continues. All Three EMA, 200, 50 and 20 are above the price. However, it is inching towards 52 Weeks Low (Yellow Dotted line) after S. 0.82900. However, 0.82900 is a Psychological and Historical number as well as 52WL. --On Daily: It doesn't give much more data than what we know from Monthly and Weekly. All three EMA 200, 50, and 20 are above the price. However, you can still see the sign of reversal as it created a Hammer candle formation at a very strong Support 0.82900. -- On Hourly: Price is bouncing around 0.82900. Because at the higher time frame we have noticed a Bullish Divergence, price will go up, but not significantly. Perhaps around the neck of Double Top formation (Blue) and nose down back to Daily trendline. "
Short
by Ha-Lion