BUY EURGBPEURGBP is displaying a double bottom pattern. I am expecting price to move up to the resistance this week. Catch an entry early here at the support
EURGBP trade ideas
EURGBP SELL TRADECMCMARKETS:EURGBP
Sell at 0.85378
SL at 0.85583
TP at 0.83353
Why sell..? Looking at the H4 TF. There is already a break to the downside signifying a chance of structure to the sell side.
And there is already two a touch retest on 0.85378 which verify a potential sell.
Coment below and let me know your opinion too.
EURGBP SHORT FORECAST Q2 W19 D5 Y25EURGBP SHORT FORECAST Q2 W19 D5 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
EURGBP SellTrading is art and you do not need to be an artist to know a piece of art is good. EURGBP painting a bearish flag. Selling towards the local low at 0,851
EURGBP looking for bullish Momentum EURGBP looking to rally up after a time being bearish.
Looking to start buying after tapping demand after breaking out of previous LH
EURGBP IdeaThinking of a sell in that position.
It has a very nice Daily AOI that should break and retest.
If so the 4H TF is bearish as well and we could look for sells.
EURGBP M15 viewRef....idea on EURGBP H4, There's absolutely no confirmation to take longs. I am mainly looking to take shorts if the price is to go up and a possible liquidity grab before the long-term shorts that I look to take; refer to the H4 idea. For now, I would like to see how the market will react to this imbalance when the market opens tomorrow.
EURGBP Next weeks overview H4This will be my view on EURGBP for the upcoming weeks.
Do I really need to give a detailed description? I will see (lol), but I might actually be publishing more ideas on whatever that I am looking at, and mostly it might be HT ; that's HT for me as a day trader and swing trader. M15 will be for a closer view, I look for my entries on M5. Let's gooo!!!
EUR/GBP Breakout and Fibonacci Retest: Bullish Setup in PlayEUR/GBP has broken its strong weekly bearish trendline and the last lower high. The previously observed bullish divergence was hinting at this bullish momentum. Currently, the pair is testing the golden ratio of the Fibonacci retracement. A buy position can be considered at this level, targeting the recent highs.
EURGBPEURGBP long will .8650. Look at all pairs of GBP, clear indication of long trades. safe trade.
Eur/Gbp Elliott wave May/02 hello eveyone...
as you can see it seems wave 4 completed ( Holding 50% ) and wave 5 can start....
Trade Idea: EUR/GBP Long PositionTimeframe: 4H
Entry Price: ~0.85168
Trade Type: Buy (Long Position)
Technical Justification:
Bullish Reversal Setup: After an extended downtrend, price action has formed a potential reversal pattern with higher lows, indicating early signs of bullish momentum.
Break of Consolidation Zone: Price has broken above recent consolidation, suggesting a possible trend shift.
RSI Confirmation: The RSI (14) has crossed above its moving average and is currently above 50, supporting bullish momentum.
Risk-Reward Setup: The trade offers a favorable risk-to-reward ratio with a stop-loss set below recent lows at 0.84765 and a target near the previous resistance zone at 0.85980.
Trade Details:
Entry: 0.85168
Stop-Loss: 0.84765
Take-Profit: 0.85980
Risk-Reward Ratio: Approx. 1:2.5
Market Outlook:
This long setup aligns with potential bullish divergence and a structure break on the 4H chart, offering an ideal opportunity for swing traders anticipating a correction or trend reversal.
upterndThe price is expected to break through the resistance range and advance to the next resistance range.
If the price breaks through the green support zone, a downtrend is likely.
EURGBP is entering the buy zone. Ready to fly EURGBP is stuck sideway at 0.85 level and looking for liquidity to fly in my opinion.
Any dip below 0.85 level is an opportunity to enter long.
please do your own risk & reward.
Good luck
EURGBP | Long Opportunity with Strong Weekly SupportI'm watching EURGBP on the weekly timeframe as it approaches a strong support zone between 0.8200 and 0.8275 . The pair is currently in a corrective trend, signaling potential upside movement once the correction completes. The support zone has historically held well, indicating a potential rebound.
My stop-loss is placed at a weekly close below 0.8140 to protect against further downside. The first profit target is set at 0.8700, with the second target left open for potential extended gains depending on market conditions.
EURGBP INTRADAY supported at 0.8450EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8450 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 – extended bullish targets on higher timeframes
A bullish reversal from 0.8500 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.8500 would invalidate the bullish structure, opening the door for further retracement toward 0.8450, with additional support at 0.8370 and 0.8300.
Conclusion
EUR/GBP remains bullish above 0.8500. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
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.
Potential bearish drop?EUR/GBP has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 0.8526
1st Support: 0.8447
1st Resistance: 0.8572
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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.
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Wedge bullish breakoutl'm anticipating an upward breakout out of the wedge pattern but before the market buy im looking forward to see a false breakout to the downward and then reverse to the upward
EURGBP SHORT FORECAST Q2 W18 D1 Y25EURGBP SHORT FORECAST Q2 W18 D1 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
EUR/GBP Long Position (4H Timeframe)Analysis Summary:
The EUR/GBP pair has shown a potential bullish reversal on the 4-hour timeframe after forming a double-bottom structure near the 0.84800 support zone. A trendline has been drawn from recent higher lows, suggesting the initiation of an upward move.
Technical Indicators:
RSI (14): The RSI has broken above a descending trendline, indicating potential bullish momentum. Current RSI reading is 44.58, crossing above the signal line (40.68), hinting at growing bullish strength.
Price Action: A higher low is forming in confluence with trendline support, and recent bullish candles indicate buying pressure.
Trade Details:
Entry: 0.85042 (Current Market Price)
Take Profit (TP): 0.85583
Stop Loss (SL): 0.84805
Risk-to-Reward Ratio: Approximately 1:2
Conclusion:
This trade anticipates a continuation of the bullish move, backed by RSI breakout and trendline support. A clean invalidation below 0.84805 ensures risk management is in place, while the target at 0.85583 aligns with previous resistance.
Shorts for EURGBPFX:EURGBP
Previously, we mentioned about the price having potential to react off the daily swap zone after falling from the daily resistance zone. However, price gave us only about 100 pips, before failing and breaking down below the daily swap zone. Since price previously reacted off the high time frame daily resistance zone, the break below of the swap zone signals continuous push towards the downside. Currently, price has reached the demand zone and price has rebounded. This zone may be seen as insignificant because, from the bearish price action, we expect it to eventually break below the demand zone and continue the downtrend towards the daily demand zone.
EURGBP H1 Strong UptrendEURGBP in 1 hour timeframe is in a strong uptrend. Any pullback with a complete corrective structure is a buy opportunity.
