EUR/GBP Wedge Breakout (06.05.2025)The EUR/GBP Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8476
2nd Support – 0.8463
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GBPEUR trade ideas
EURGBP SHORT FORECAST Q2 W19 D6 Y25EURGBP SHORT FORECAST Q2 W19 D6 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 WILL FALL|SHORT|
✅EUR_GBP has hit a key structure level of 0.8540
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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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 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.
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.
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.