Short trade Sellside - Tokyo session AM Entry 0.84201 Profit level 0.84133 (0.08%) Stop level 0.84239 (0.05%) RR 1.79 1Hr TF Entry Shortby davidjulien369Updated 0
*EURGBP DROP*Awaiting a 4h bearish candle to close below the previous HL to create a bearish shift of structure then a retest of the AOI to then sell. (Did manage to get entires just higher up as well) Shortby ryan_o6113
Will EURGBP buy ?, 1hrEURGBP created a Lower Low the previous weeks and failed to create a strong bullish momentum and a strong impulse movement. But this time we created a small down trend in the 1Hr timeframe and the trend was reversed by a inverse double top and like any economic cycle we hope to reach our peak where the recession started. The pair already gave up a break out and started to retest the breakout and push to the upside is what can happen.Longby AnalysisExpert4
Trade 0004 -EUR/GBP Short Setup: Targeting Lows Good morning, Traders, As we begin a new week, the EUR/GBP pair appears to be setting up for a short position. This will be trade number 4 in my journey towards completing 1,000 trades. On the daily and weekly Timeframe, the pair is forming clear lower lows and lower highs. Currently, we are observing a potential drop from 0.84250, with our target set at the recent lows. This trade offers a risk-to-reward ratio of 3.83, making it a worthwhile opportunity. This setup involves a straightforward break and retest entry. While I have some hesitation around the 0.84200 level, I still expect the price to decline based on the higher timeframe market structure. Best regards, Renaldo PhilanderShortby Tradebudz224
EUR/GBP Rebound at 0.8400: A Promising Long SetupThe EUR/GBP currency pair has recently rebounded off the critical 0.8400 level, aligning perfectly with our identified demand zone. This confluence of technical and fundamental factors suggests a potential bullish scenario for the pair. Firstly, the price action at the 0.8400 level has demonstrated a clear rejection, indicating strong buying interest in this area. This level has acted as a robust support, preventing further declines and suggesting that buyers are stepping in to defend this price point. Moreover, an increase in Non-Commercial long positions provides further validation of this bullish sentiment. Non-Commercial traders, often considered as more informed and influential market participants, have shown a growing interest in buying at this level. This shift in positioning can signal a significant change in market sentiment, favoring a potential upward movement in the EUR/GBP pair. Adding to this bullish outlook is the onset of seasonal trends. Historical patterns often repeat, and the start of a seasonal bullish phase could offer an additional layer of confidence in the potential for an upward move. Seasonality in currency pairs can be driven by various factors, including economic cycles, fiscal policies, and market psychology, which often leads to predictable price behaviors during certain times of the year. Given these factors, a long setup in the EUR/GBP pair appears promising. Traders should consider the technical rejection at the 0.8400 level, the increase in Non-Commercial buying interest, and the supportive seasonal trends as strong indicators of a potential rally. Careful monitoring of price action and volume around this level, along with confirmation from other technical indicators, can provide the necessary confidence to execute a long trade. In summary, the confluence of technical support at 0.8400, increased Non-Commercial buying, and favorable seasonality suggests a potential bullish move for EUR/GBP. This combination of factors offers a compelling case for traders to look for long opportunities in the pair, potentially capitalizing on a significant upward move in the near term. ✅ Please share your thoughts about EUR/GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.by FOREXN1114
Possibility of uptrend According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that the price will not be able to reach the previous bottom and then we will see the beginning of the upward trend Longby STPFOREX0
EURGBP H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell area of 0.8434, an overlap resistance. Our take profit will be at 0.8408, an overlap support. The stop loss will be placed at 0.8458, which is an overlap resistance." 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. 68% 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. 73% 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. Shortby FXCM116
Bearish reversal?EUR/GBP is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which is an overlap support. Pivot: 0.84346 1st Support: 0.84089 1st Resistance: 0.84570 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. Shortby ICmarkets118
EURGBP We looking for buying opportunities as the market has broken outside of the bearish falling wedge which results into a change of structure and the market is still respecting the support zone resulting into buysLongby officialpotego_fx5
EURGBP 1H TIME FRAME DATE 7/21/2024I will be looking for bearish continuation play. i am bearish on euro pound template is valid but many things is not given enter model is not giving we need more price action next update next weekend Shortby spacedevil0
GBPJPY 1H TIME FRAME DATE 7/21/2024Looking for down side next week update will be next week sundayShortby spacedevil0
EURGBP - CounterTrend TradeEURGBP was bearish overall. However, recent bullish divergence with break of previous lower high could give a good buy opportunity. Keeping in mind that betting against the trend is risky. Longby AnalytixEdgeByQasimUpdated 2
EURGBP - Bullish Case of MACD Divergence and Butterfly PattersEURGBP is exhibiting bullish tendencies as it had bounced off from the base of harmonic butterfly pattern and also formed bullish divergence on MACD scale. Both lines on MACD are entrenched above the zero line indicating bullish scenario in short term.Longby marazzaq620
EG likely see more downside to come! Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. More downside?To me seems likely. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* Shortby Shadowing_The_Big_Boys0
EUR------GBP-------Bullishthere is break of LH and divergence with trend line Sl and tp mentionLongby ali110021
Sell EURGBP?!?Hello traders!! I took a while looking at this trade. This is a pretty nice sell lets dive deep into it. We have a clear level that has been holding price pretty nice. taking it further to 1H we can see that we broke this trendline and that level. Another thing we are about to break is the 50EMA. I usually aim for 2.5 R and 2 trades a week Shortby Linkhive0011
EURGBP Bearish CypherEURGBP is in a Bearish Trend, with price below the 200 MAV. A recent consolidation may be suggestive of a Cypher Harmonic, with the CD leg underway. Momentum confirms a bullish divergence. The target is .786 retracement of the XA leg at .8460. From there the downtrend continues with the next impulse to .8310. by Umlingo0
EURGBP Buy IdeaOANDA:EURGBP has broken the last Lower High indicating an inception of new bullish trend. Currently, It's trading at support level which previously acted as a strong resistance. We can look for buying opportunities at premium fib levels of 38-50%Longby haider_aabbasUpdated 2
EUR-GBP Risky Short! Sell! Hello,Traders! EUR-GBP is trading in a Downtrend and was making A local bullish correction However, the pair will soon Hit a local horizontal Resistance level of 0.8440 From where we will be Expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals663
Break and retest set up Reasons I Favor This Trade: - Aligns with daily/weekly trends - Located in a strong retest zone - Involves a 100 EMA retest, which I prefer - Awaiting an entry point - Market performance suggests that sellers have the upper handShortby mickylewashere0
EUR_GBP RESISTANCE CLUSTER|SHORT| ✅EUR_GBP is making a Bullish rebound while Trading in a downtrend so We are still bearish baised And after the pair hits the Resistance cluster around 0.8440 Will will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx114
EURGBP LONGEURGBP is in bullish trend after making double bottom, there is no divergence so it is likely continue up trend.Longby shbz860
EUR/GBP trading ideaSo we can see that the price has already reversed of the green zone on the chart already. What I am looking for now is for the price to do that thing again and wait for the price to hit the green zone to go long than with a stop loss level just below the level for the chance that we do see a break of the level. Longby MaBaCapital20