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EURGBP trade ideas

EURGBP breakout down trend bullish strong now from demand zone🚨 EUR/GBP Trade Setup – Bullish Breakout Alert! 🚨 Pair: EUR/GBP Timeframe: 30-Minute (M30) 📈 EUR/GBP has officially broken out of its downtrend, confirming a bullish reversal on the 30-minute chart. We're now watching price action closely around the demand zone @ 0.83800 – ideal entry level for long positions. 💡 Technical Targets: 🎯 1st Target: 0.84100 🎯 2nd Target: 0.84300 🎯 3rd Target: 0.84600 🔒 Risk Management: Always trade with a well-placed stop-loss just below the demand zone. Monitor price action for confirmation before entering. Let’s ride the trend with smart entries and precise targets. 📊💰 — Livia 🤍📉📊 #ForexTrading #EURGBP #TechnicalAnalysis #BreakoutStrategy #SmartMoney #FXSignals #LiviaTrades
Long
by LIVIATRACK
7
EURGBP LONGEURGBP LONG SETUP. Looking at a EURGBP LONG over the next couple of days. We have entered into a daily demand zone and had a lovely rejection into it and a push away. Check out the 60m chart for this one, leaves a lot of good price action imbalanced below. Plan will be to wait for price to retrace back into the Demand zone at 0.83809 stops below the 60m demand zone created. I will be paying close attention when it does come back down as it may react from daily demand high, because I'm half convinced that I'll end up missing the trade if it did retrace but just not quite far enough to the demand zone on the 60m but hey ho we'll see. E : 0.83809 SL : 0.83699 TP : 0.87374 But I will be trailing stop at each of the steps created on the way up.
Long
by craiguu1z1
EUR/GBP Breakdown in Play: Time to Target the Next Support Below🔍 Technical Analysis Summary: EUR/GBP (Daily) The pair is in a clear downtrend, with two descending blue trendlines confirming strong bearish pressure. After breaking below key support (now turned resistance), the price is forming lower highs and lower lows, a classic bearish continuation pattern. Currently, price is testing the trendline zone after a steep rejection, indicating renewed selling interest at resistance. Price failed to break above recent structure, validating the short setup further. 📉 Bearish Confluences 1. Descending Trendline The price respects a multi-month downward trendline, rejecting it multiple times — confirming institutional selling interest. 2. Failed Retest of Structure (0.8465) This level acted as prior support and has flipped into strong resistance. Price was rejected upon retesting, validating bearish continuation. 3. Momentum Shift Candlestick structure and shrinking bullish bodies near resistance show fading bullish momentum — favoring sellers. 4. Lower Highs and Lower Lows The chart clearly prints lower highs, indicating continuous bearish structure since early April. ✅ Trade Setup: Short Position • Entry Point 🟡 Current market price around 0.83710–0.83740 after rejection from resistance • Stop Loss (SL) 🔴 Above recent resistance and trendline at 0.84650 • Take Profit 1 (TP1) 🟢 Near recent support zone at 0.83234 • Take Profit 2 (TP2): 🟢 Near major trendline confluence / stronger support at 0.82218 📌 Final Thoughts This EUR/GBP short setup is technically sound: • It aligns with the overall trend • Resistance has been confirmed with rejection wicks and weak bullish candles • Bearish structure and trendline resistance remain intact 💡 Unless EUR/GBP breaks above 0.84650, the bias remains bearish, and this setup favors a continuation toward lower supports.
Short
by SupertradeOfficial
HOT PICK OF THE DAY EURGBP SHORT FORECAST Q2 W22 D29 Y25🔥👀TECHNICAL HOT PICK OF THE DAY ALONGSIDE HTF 50 EMA EURGBP SHORT FORECAST Q2 W22 D29 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EUR/GBP Weekly Breakout With Potential Retest Toward 0.85On the weekly timeframe, EUR/GBP has broken above a long-standing descending trendline that has acted as dynamic resistance since late 2022. This trendline has been respected multiple times, as shown by the repeated rejections near the line, indicating strong selling pressure in previous attempts. However, the recent bullish breakout marks a potential shift in the market structure. After a clean break above the descending trendline, price has started to retrace toward the breakout zone. This behavior is typical and aligns with classical technical analysis, where previous resistance often turns into new support. The region around the broken trendline, particularly near the psychological level of 0.8500, now becomes a key area to watch for a retest and potential bounce. A successful retest around 0.835–0.84 could signal continuation of the bullish breakout, with 0.8500 serving as the next key resistance and potential short-term target. A rejection from this area, combined with bullish candlestick confirmation, could offer a favorable long entry opportunity. However, if the retest fails and price falls back below the trendline, it would invalidate the breakout structure and could indicate a false breakout scenario. Trade Plan: Retest Entry Zone: 0.8350–0.8400 (look for bullish confirmation) Target: 0.8500 (psychological resistance) Stop-Loss: Below 0.8300 (to invalidate trendline support) This setup reflects a textbook breakout-and-retest structure, offering a clear technical roadmap supported by trendline theory and psychological level behavior. Traders should wait for confirmation before committing to a position. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Always apply proper risk management in every trading decision.
Long
by DNP-FX
EURGBP INTRADAY downtrend continuation capped at 0.8420Trend: The overall sentiment remains bearish, with price action below key resistance levels. Recent Movement: Price is forming an oversold basing pattern near a previous swing low, indicating potential for a short-term bounce. Key Levels Resistance: 0.8420 – Critical level from previous consolidation. Above that: 0.8435, then 0.8450 – Further resistance if bullish momentum builds. Support: 0.8360 – Immediate support. Below that: 0.8350, then 0.8330 – Deeper support zones on continued weakness. Trading Scenarios Bearish Continuation: A failed rally near 0.8420 followed by rejection, could lead to a move lower toward 0.8360, 0.8350, and 0.8330. Bullish Reversal: A break and daily close above 0.8420 would negate the bearish bias and open the door to a rally toward 0.8435 and potentially 0.8450. Conclusion EUR/GBP remains bearish overall, but short-term oversold conditions could trigger a bounce. Watch the 0.8420 level closely—rejection favours downside continuation, while a breakout would signal a shift to a more bullish outlook. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day Ahead Key Economic Data United States Richmond Fed Manufacturing Index (May) Insight into regional manufacturing. Weak data may increase rate cut expectations. Dallas Fed Services Activity Measures service sector strength; can affect Fed rate outlook. Germany Unemployment Claims Rate (May) Higher unemployment could support a more dovish ECB. Import Price Index (April) Key for inflation outlook; may influence euro and bund yields. France PPI, Consumer Spending, Q1 Payrolls Indicators of inflation and consumer strength. Can affect Eurozone equities and ECB expectations. Australia CPI (April) Major driver for AUD and rate expectations. A high print could push AUD higher. Central Bank Events FOMC Minutes Traders will watch for signals on inflation concerns and future rate path. Fed Speakers: Williams, Kashkari Comments may influence expectations for Fed policy shifts. ECB Consumer Expectations Survey Insight into Eurozone inflation expectations. Affects EUR. RBNZ Decision Direct impact on NZD. A hawkish stance could lift NZD. Earnings (Market Movers) NVIDIA High-impact for NASDAQ and AI stocks. Watch for volatility and options activity. Salesforce Key for tech sector sentiment, especially SaaS names. Synopsys, Agilent, Abercrombie & Fitch Sector-specific insights: semis, health, consumer. Bond Auctions US 2-Year FRN US 5-Year Notes Auctions may impact Treasury yields and USD. Weak demand could push yields higher. Trading Focus Watch USD, AUD, EUR, NZD around data and central bank events. NVIDIA earnings could shift tech and AI market sentiment. Treasury yield curve may move on Fed minutes and auctions. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
HOT PICK ALONGSIDE HTF 50 EMA - SHORT FORECAST Q2 W22 D28 Y25 🔥👀TECHNICAL HOT PICK ALONGSIDE HTF 50 EMA EURGBP SHORT FORECAST Q2 W22 D28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP - Smart Money Short Setup🔽 Looking for a short opportunity around key resistance and order block zones. Plan A – Resistance Rejection Short Price has tapped into a strong resistance zone (0.83983–0.83938) and is showing rejection near the trendline. Entry triggered at 0.83938 with stop loss at 0.83993. Targeting 0.83732 for a solid RR. Plan B – Order Block Short (If Resistance Breaks) If resistance fails, I’ll wait for price to enter the bearish order block (0.84078–0.84048). Entry planned at 0.84031, SL at 0.84086, TP remains the same at 0.83732. 📍 Entry: 0.83938 🎯 Take Profit: 0.83732 🛑 Stop Loss: 0.83993 🔥 RR: Solid 1:3 type risk-reward If above one hits sl, use below 📌 Entry #2: 0.84031 🎯 Target: 0.83732 🛑 Stop Loss: 0.84086 🔥RR:- 5.44 Risk-Reward Trendline still holding well, and structure favors continued bearish pressure. Waiting for price to deliver into premium zones before looking for reaction. Following Smart Money logic with price action confirmations. Let’s see how it plays out.
Short
by PraveenTrader1
EURGBPLooking at your EUR/GBP analysis, the pair appears to be approaching a critical reversal zone that could mark the end of the current downtrend. The price action shows a clear Elliott Wave structure, with what appears to be a completed 5-wave decline from the highs marked at point (a). Currently, the pair is testing the significant support area highlighted in the pink box around the 0.786 level (0.83479), which coincides with the completion of wave 5. This convergence of technical factors suggests we're entering a high-probability reversal area. The completion of the impulsive wave structure, combined with the pair reaching this key support zone, indicates that selling pressure may be exhausting. From this level, we should anticipate a bullish reversal to develop soon. The initial upside targets would likely include the previous wave 4 area and the descending trendline resistance. A successful break above these levels would confirm the trend reversal and open the path for a more substantial recovery move. Traders should watch for early signs of buying interest, such as bullish candlestick patterns or positive divergences on momentum indicators, to confirm the anticipated reversal. The risk-reward setup appears favorable for long positions near current levels, with stops below the support box.
Long
by montioga
Bullish bounce?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance, which has been identified as an overlap resistance. Pivot: 0.8377 1st Support: 0.8326 1st Resistance: 0.8461 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets