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EURGBP trade ideas

Bearish drop?EUR/GBP is reacting off the resistance level which is an overlap support and could drop to our take profit. Entry: 0.8322 Why we like it: There is an overlap support level. Stop loss: 0.8340 Why we like it: There is an overlap resistance level. Take profit: 0.8300 Why we like it: There is an overlap support level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
EURGBP 4hr ShortEURGBP ✅ 4hr Short ✅ 💰ENTRY: 0.83254 👎STOP LOSS: 0.83413 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
5
EURGBP Bullish Medium to Long-Term Outlook “Read The caption"In August 2015, the price began a clear five-wave motive structure to the upside. By October 2016, it transitioned into a multiyear sideways movement, forming an Inverted Triangle or "Broadening Formation." This corrective phase is believed to have ended at the February 2022 low of 0.8203. Since then, the price has moved higher, reaching 0.8275 (the 2022 high), marking wave 1. It then retraced downward in a flat formation, forming wave 2. The market now appears poised to begin wave 3. This scenario remains valid as long as the price does not break below the wave 1 low at 0.8200. A close above 0.8626 would provide strong confirmation of this setup in the short term. Historically, the pair has shown a consistent pattern of rapid upward movements contrasted with prolonged and slower corrective downward phases., underscoring the strength of its uptrend. For example: - Between April 2017 (0.8303) and August 2017 (0.9300), the price rallied nearly 1,000 pips in just 4–5 months. - From February 2020 (0.8283) to March 2020 (0.9495), it surged over 1,200 pips in just one month. In contrast, the downward corrections have taken significantly longer: - From August 2017 (0.9307) to December 2019 (0.8280), the decline spanned over two years. - Similarly, from March 2020 (0.9495) to March 2022 (0.8205), the downtrend also lasted two years. These patterns strongly indicate that the long-term uptrend remains intact. Additionally, the price has recently formed two consecutive bullish Fair Value Gaps (FVGs) after sweeping previous lows. It retraced into the first FVG at 0.8300–0.8305, forming a swing low before moving higher with a new breakaway FVG.
Long
by Market_Minds_SM
EURGBP - BOE decisions will make the GBP rise!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of an upward correction due to economic data this week, we can see a supply zone and resell within that zone with a suitable risk reward. Reaching the demand zone of this currency pair will lead to scalp buying opportunities. The UK energy regulator has approved a £2 billion funding package to build a high-voltage “electricity superhighway” beneath the North Sea. This project, known as the “Eastern Green Link 1,” involves laying 196 kilometers of cable to transfer wind power from Scotland to northern England. The initiative is expected to supply electricity to approximately two million homes. Rachel Reeves, the UK’s finance minister, stated that the government aims to achieve broad and resilient economic growth. She also reaffirmed the Bank of England’s target of maintaining a 2% inflation rate. Andrew Bailey, Governor of the Bank of England, noted that inflation in the services sector remains above levels compatible with the inflation target. He stressed the need for close monitoring of this sector, as it reflects labor market developments. Bailey further mentioned that a gradual approach to easing monetary policy restrictions would help manage inflation-related risks more effectively. Meanwhile, the European Commission has warned of heightened risks in its economic outlook due to the war in Ukraine, tensions in the Middle East, and protectionist trade policies. The Commission estimates Germany’s GDP growth to rise by 0.7% in 2025, down from an earlier forecast of 1.0%. Additionally, public debt in the Eurozone is expected to increase from 89.1% in 2024 to 90.0% by 2026. Inflation rates are projected at 2.4% for 2024, 2% for 2025, and 1.9% for 2026. A Bloomberg survey revealed that economists now believe Germany may face a second consecutive year of declining output. Analysts expect Germany’s GDP to shrink by 0.1% in 2024 following a 0.3% contraction in 2023.A month ago, predictions still pointed to an economic slowdown only for this year. Fabio Panetta, a member of the European Central Bank (ECB), stated that persistent weakness in domestic demand might drive inflation below 2%. He suggested that the ECB should consider shifting toward a neutral or even expansionary monetary policy. Panetta noted that the Eurozone economy remains weak, with no turning point visible in the manufacturing sector. He emphasized the need for the ECB to adopt a forward-looking approach, as excessive tightening of current monetary policies is no longer necessary. Robert Müller, another ECB official, remarked that there is no need for larger-scale measures at this time. He also hinted at the possibility of a 25-basis-point rate cut in December.
Short
by Ali_PSND
2
EUR/GBP Technical Analysis and Trading Plan for Next Week Wave Structures and Harmonic Patterns: The current wave count suggests that price action is completing a higher-degree corrective pattern. The presence of a potential Wave C up to a swing failure pattern (SFP) hints at exhaustion of buying pressure. The 0.618 and 0.786 Fibonacci retracement levels align with resistance zones, providing targets for potential reversals. Key Levels and Fibonacci Confluence: Resistance Zone: The 0.84250-0.84473 region acts as a key reversal area marked by the 0.786 Fibonacci retracement. Support Zone: The 0.83247 level aligns with the 0.618 retracement, serving as the invalidation point for bullish setups. Order Block Areas: The marked shaded regions reflect historical buying and selling activity that can trigger significant price reactions. Volume Profile: High-volume nodes indicate areas of significant interest and potential consolidation. Price reactions around these levels may signal breakouts or reversals. Swing Failure Patterns (SFPs): The chart features a swing failure pattern near 0.84473, suggesting that an attempt to break this high might lead to a reversal if rejected. This level should be monitored closely. Step-by-Step Trading Plan: Short Setup: Entry: Consider short positions near 0.84250-0.84473, where confluence with Fibonacci and historical resistance exists. Stop Loss: Place stops above 0.84473 to protect against a breakout. Target Levels: Initial target at 0.83850 (0.382 retracement). Secondary target at 0.83247 (0.618 support). Long Setup: Entry: If price action consolidates and holds above 0.83850 without triggering the short scenario, a potential long opportunity may arise. Stop Loss: Below 0.83247 (invalidation of the bullish scenario). Target Levels: Look for a move towards 0.84473 and beyond, contingent on a break of the SFP. Validation and Invalidation Points: Bearish Invalidation: A sustained move above 0.84473 confirms the invalidation of a short bias. Bullish Invalidation: If the price closes below 0.83247 and sustains this level, the bullish setup is invalidated. Key Takeaways: Volume and Order Flow: Watch for shifts in volume and the direction of order flow as they indicate potential bias changes. Wave Completion: Ensure that Wave 5 aligns with structural resistance and volume divergence for high-conviction trade setups. Risk Management: Always adhere to strict risk parameters, ensuring no more than 1-2% risk per trade.
Short
by spaceangel