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EURGBP trade ideas

EURGBP: Significant upside potential on the short term.EURGBP is neutral on its 1D techhnical outlook (RSI = 48.804, MACD = -0.002, ADX = 22.675) as it consolidates having failed to cross over the 1D MA50. Given the 1 year Channel Down pattern, the 1D MA50 shouldn't stand as a Resistance for long, since the price is having this rebound after a clear LL on its bottom. We expect the 1D MA200 to be tested (TP = 0.8500) with the upside potentially extending as high as +2.80%. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURGBP H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8392, which is an overlap resistance and 61.80% Fibonacci retracement. Our take profit will be at 0.8369, a pullback support level close to the 61.80 Fibo retracement. The stop loss will be at 0.8419, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EURGBP hello friends In the EURGBP currency pair, we see the formation of a 5-wave pattern. Waves 1-4 have been completed and microwaves 1 and 2 of 5 have also been completed. Currently, wave 3 out of 5 has been applied. Therefore, we expect the completion of wave 3 of 5, then wave 4 of 5, and finally wave 5 of 5. Therefore, we should see the price increase. The limit of loss can also be considered below the micro wave of 2 out of 5, which is the range of 0.8355. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
NEW!! The 2 Indicators for the Dip Buy Fishing StrategyAm working on developing a better Forex trading system and so am inviting you on this trading journal as I am trying to figure out the best trading strategy for FOREX trading. in this chart FX_IDC:EURGBP you will notice the rate of change at 2 days Then right below is the MACD indicator catching the weekly trend up This is a dip-buying strategy I will call it the "fishing strategy" which involves two indicators Rate of change MACD Am still working on this system but I thought i share with you with my thoughts either way Trade safe. Also remember to rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not, please use risk management and profit-taking strategies.
Long
by lubosi
Market Analysis: EUR/GBP Consolidates GainsMarket Analysis: EUR/GBP Consolidates Gains EUR/GBP is rising and might climb above the 0.8435 resistance. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is gaining pace and trading above the 0.8400 zone. - There was a break above a connecting bearish trend line with resistance at 0.8330 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a decent increase from the 0.8320 zone. The Euro traded above the 0.8365 resistance level to enter a positive zone against the British Pound. The pair settled above the 50-hour simple moving average and 0.8380. The pair traded as high as 0.8434 before there was a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the 0.8321 swing low to the 0.8435 high. However, the pair is stable above the 0.8400 support zone. The next major support is near the 50% Fib retracement level of the upward move from the 0.8321 swing low to the 0.8435 high at 0.8380. A downside break below the 0.8380 support might call for more downsides. In the stated case, the pair could drop toward the 0.8365 support level. Any more losses might call for an extended drop toward the 0.8320 pivot zone. The EUR/GBP chart suggests that the pair is facing resistance near the 0.8435 zone. A close above the 0.8435 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8480. Any more gains might send the pair toward the 0.8500 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EUR/GBP "European Cross" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/GBP "European Cross" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader