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GBPEUR trade ideas

EURGBP Long IdeaInflation in the Eurozone remains at 2.6%, which could potentially make the ECB more cautious about cutting interest rates. Meanwhile, in the UK, inflation has dropped drastically to 2.2% at present, indicating that the Bank of England's mandate target is nearing. It is highly likely that the BoE will cut interest rates further, potentially by more than 25 basis points. In the EUR/GBP pair, there is a significant potential for upward movement even though it is currently in a sideways trend on a larger timeframe. Buy : 0.84050 Stoploss : 0.83700 Take Profit : 0.86150
Long
by ICT_ID
2
Sell EUR/GBP Bearish FlagThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8428, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8396 2nd Support – 0.8377 Stop-Loss: To manage risk, place a stop-loss order above 0.8440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
5
EURGBP reboundEURGBP have potential to rebound to 0.84660, area with many confluences and liquidity. Traders should not use my plans as signals; they are meant to share my market perspective based on price reactions to key levels. Relying on others' signals limits your learning and causes insecurity. Instead, use my plans to enhance your strategy. Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell. Learning from others is important, but copying them won't make you a professional. Developing your own strategy and critical analysis skills is crucial for long-term success. Always trust your judgment and focus on continuous learning to improve your skills. Your trading is your responsibility. Choose a good risk management.
Long
by miketiger
LET'S SHOOT FOR THE MOON....AGAINMy reasons for taking a long swing position here.. 1. Inverted hammer printed on 1 month timeframe (trend reversal signal) 2. Price gave us a hammer candlestick at a respected support level and an extremely deep retrace below the .786 fib level on the daily time frame. (trend reversal signal) 3. Price is sitting at the bottom of a 4 hr bullish channel (trend reversal signal * Buy Stop set at 0.84352 2:1 reward:risk ratio * 3 positions ...TARGETING 100 PIPS... takings profits/trailing stops along the way. This is not trade/financial advice. This is my personal analysis. Trade at your own risk.
Long
by RichFish404
EURGBP Is Very Bullish! Buy! Take a look at our analysis for EURGBP. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.844. The above observations make me that the market will inevitably achieve 0.850 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
Bearish momentum to extend?EUR/GBP is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is a pullback support. Pivot: 0.8476 1st Support: 0.8437 1st Resistance: 0.8507 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.
Short
by ICmarkets
1
EURGBP Short Opportunity Descending Channel: The price is moving within a descending channel, indicating a bearish trend. The current price action suggests a continuation of this trend. Moving Averages: The 200-period Simple Moving Average (SMA) is above the current price, providing resistance and confirming the bearish outlook. The 50-period SMA is also above the price, acting as additional resistance. Trade Justification: The descending channel indicates a bearish trend, and the presence of resistance from moving averages further supports the case for a short position. The proximity of the current price to key resistance levels increases the likelihood of a rejection and a move lower.
Short
by Metow1sw
1
EURGBP Trading Opportunity! BUY! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8464 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8509 Recommended Stop Loss - 0.8434 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1