GBPEUR trade ideas
Weekly CLS range. Looking for model 2 entry ...if looking to play on the CLS range edge entry model 2 of the CLS sequence.
You are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
If we get the confirmation, I will look to position myself with my students and followers, as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
LONG EURGBPThis is a typical 4H analysis I did for a micro ABCD pattern I use . Here I had anticipated the A to be taken by C and initiate Longs from nearby discount price depending on TPO chart. Anticipating a break of last Swing High (b) and FPMARKETS:EURGBP market to reach at the marked levels of (D) ) or 0.84063.
will post further analysis as market continues.
EURGBP BUYMy confluences are marked on the chart.
For more information why I think like that and for more explanations and facts follow me so you won’t miss my next ideas where I will explain everything.
EURGBP long setupEntry timeframe (4H) ()
- Pattern within a pattern
- 4H zone of entry aligning with weekly structure
Daily timeframe ()
- Double bottom with bullish M (zone at the 100)
- Relief trade
- Daily TP aligning with structure
Weekly timeframe ()
- Bullish zone
- Bottom formation
EURGBP Wave Analysis 25 November 2024
- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8375
EURGBP currency pair previously reversed up from the support area located at the intersection of the support level 0.8260 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long Legged Doji – strong buy signal for this currency pair.
Given the bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise further to the next resistance level 0.8375 (top of the previous minor correction a).
EURGBP The Target Is UP! BUY
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8307
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8338
Safe Stop Loss - 0.8289
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Possibility of UptrendA trend change is expected to form and an upward trend to the specified resistance levels will be formed.
If the price crosses the green support zone, a continuation of the downward trend is likely
Trade Setup for EUR/GBP Short Position: Trade Setup for EUR/GBP Short Position:
Entry Level: 0.8310
Stop-Loss: 0.8360
Take-Profit: 0.8230
Analysis: The EUR/GBP pair has been exhibiting a downtrend, with recent technical indicators supporting further declines. A short entry at 0.8310, with a stop-loss at 0.8360 and a take-profit at 0.8230, aligns with the prevailing bearish sentiment.
EURGBP Bullish Outlook, Key Pivot Support LevelsHello,
OANDA:EURGBP is likely to see upward movement, but for that to happen, the price must remain above the 1W/1D pivot point. If it drops below this level again, further downside could be tested. However, the path toward the 1Y pivot point now appears more open. Let the bullish trend begin.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EurGbp drop Hello Traders! 👋
The EUR/GBP pair broke below a key level. This breakout signals potential further downside movement in the pair.
I will be going for a 1:2 on this trade
Follow and comment ! ❤️
GBPNZD & EURGBP bullish week? discussing channels and orderblocky'all ready to make money? if so watch this video as I discuss my analysis on the pairs mentioned. Orderblocks and channels will also be discussed.
The bears pair of the week. Shorting today into Dec. EURGBP
You could definitely do well shorting the EURUSD pair today, but even more lucrative is probably to go short on the EURGBP currency pair.
Why do I make this call?
Because it is imho more bearish than EURUSD at present, because unlike the latter which will probably have a bounce intraday at least during the start of the Asian session, bears will move in at some point on EURUSDvat about the 1hr timeframe from memory.
But every chart I viewed of EURGBP 1minute to 3monthly has the tipping-over effect and right from the get-go I think this will sell-off.
Of the other EUR pairs I have checked, i'm only about 1/3 through, EURCAD & EURAUD are also very bearish on the charts and the EURUSD I expect to gain the bearish sell a bit later during Asia Monday.
I will probably take a small lot size Short and ride this one into December using a mental-soft-stop which puts me in control to exit the trade when I want. For example, if an intervening bullish news story is released to the market to pump up the falling EUR.
I would like to report back when profits or losses are taken. For a review of trade.
EURGBP 24 Nov. 2024Hello again my dear friends !
As you may know , our previous analysis about selling EURGBP hit target and market formed a down trend and it is wise to sell at supply zones !
So , We highlighted supply zone and i'll place my sell order at that price !
EURGBP H4 Weekly forecast 25 NovEURGBP H4 Weekly forecast 25 Nov EUR/GBP is experiencing mixed momentum, influenced by both technical levels and ongoing fundamental developments in the Eurozone and UK economies. Here's the forecast for the week ahead:
EURGBP - short
weekly candle looks great.
origin - looking for price to dump at the open. monday doesn't usually have that much volume so I will be focusing more on delta rather than avg candle volume on this to ID impulse candle.
EURGBP - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
EURGBP is still under pressureEURGBP continues to stay under pressure, inspite of a chart formation being built near current price levels. Euro displays weakness against most of other major currencies including Pound Sterling.
So, if the price slides down to the border of the shown widening formation, it's possible to observe a continuation of downtrend with a target built by the measured move to the downside.
Don't forget - this is just the idea, always DYOR and never forget to manage your risk!
Potential BullsThere's a short term bulls coming in for the expected correction move, and thereafter continuation to the downside.
EURGBP can we see higher bearish
OANDA:EURGBP structural analysis, we are have double top, and price is break first zone of double top pattern, currently price is on second zone, it's make bounce, testing currently, expecting here to see bounce continuation
SUP zone: 0.83500
RES zone: 0.828000, 0.82600
Bearish drop?EUR/GBP is reacting off the resistance level which is an overlap support and could drop to our take profit.
Entry: 0.8322
Why we like it:
There is an overlap support level.
Stop loss: 0.8340
Why we like it:
There is an overlap resistance level.
Take profit: 0.8300
Why we like it:
There is an overlap support level that lines up with the 138.2% Fibonacci extension.
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