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GBPEUR trade ideas

EURGBP Bullish Medium to Long-Term Outlook “Read The caption"In August 2015, the price began a clear five-wave motive structure to the upside. By October 2016, it transitioned into a multiyear sideways movement, forming an Inverted Triangle or "Broadening Formation." This corrective phase is believed to have ended at the February 2022 low of 0.8203. Since then, the price has moved higher, reaching 0.8275 (the 2022 high), marking wave 1. It then retraced downward in a flat formation, forming wave 2. The market now appears poised to begin wave 3. This scenario remains valid as long as the price does not break below the wave 1 low at 0.8200. A close above 0.8626 would provide strong confirmation of this setup in the short term. Historically, the pair has shown a consistent pattern of rapid upward movements contrasted with prolonged and slower corrective downward phases., underscoring the strength of its uptrend. For example: - Between April 2017 (0.8303) and August 2017 (0.9300), the price rallied nearly 1,000 pips in just 4–5 months. - From February 2020 (0.8283) to March 2020 (0.9495), it surged over 1,200 pips in just one month. In contrast, the downward corrections have taken significantly longer: - From August 2017 (0.9307) to December 2019 (0.8280), the decline spanned over two years. - Similarly, from March 2020 (0.9495) to March 2022 (0.8205), the downtrend also lasted two years. These patterns strongly indicate that the long-term uptrend remains intact. Additionally, the price has recently formed two consecutive bullish Fair Value Gaps (FVGs) after sweeping previous lows. It retraced into the first FVG at 0.8300–0.8305, forming a swing low before moving higher with a new breakaway FVG.
Long
by Market_Minds_SM
EURGBP - BOE decisions will make the GBP rise!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of an upward correction due to economic data this week, we can see a supply zone and resell within that zone with a suitable risk reward. Reaching the demand zone of this currency pair will lead to scalp buying opportunities. The UK energy regulator has approved a £2 billion funding package to build a high-voltage “electricity superhighway” beneath the North Sea. This project, known as the “Eastern Green Link 1,” involves laying 196 kilometers of cable to transfer wind power from Scotland to northern England. The initiative is expected to supply electricity to approximately two million homes. Rachel Reeves, the UK’s finance minister, stated that the government aims to achieve broad and resilient economic growth. She also reaffirmed the Bank of England’s target of maintaining a 2% inflation rate. Andrew Bailey, Governor of the Bank of England, noted that inflation in the services sector remains above levels compatible with the inflation target. He stressed the need for close monitoring of this sector, as it reflects labor market developments. Bailey further mentioned that a gradual approach to easing monetary policy restrictions would help manage inflation-related risks more effectively. Meanwhile, the European Commission has warned of heightened risks in its economic outlook due to the war in Ukraine, tensions in the Middle East, and protectionist trade policies. The Commission estimates Germany’s GDP growth to rise by 0.7% in 2025, down from an earlier forecast of 1.0%. Additionally, public debt in the Eurozone is expected to increase from 89.1% in 2024 to 90.0% by 2026. Inflation rates are projected at 2.4% for 2024, 2% for 2025, and 1.9% for 2026. A Bloomberg survey revealed that economists now believe Germany may face a second consecutive year of declining output. Analysts expect Germany’s GDP to shrink by 0.1% in 2024 following a 0.3% contraction in 2023.A month ago, predictions still pointed to an economic slowdown only for this year. Fabio Panetta, a member of the European Central Bank (ECB), stated that persistent weakness in domestic demand might drive inflation below 2%. He suggested that the ECB should consider shifting toward a neutral or even expansionary monetary policy. Panetta noted that the Eurozone economy remains weak, with no turning point visible in the manufacturing sector. He emphasized the need for the ECB to adopt a forward-looking approach, as excessive tightening of current monetary policies is no longer necessary. Robert Müller, another ECB official, remarked that there is no need for larger-scale measures at this time. He also hinted at the possibility of a 25-basis-point rate cut in December.
Short
by Ali_PSND
2
EUR/GBP Technical Analysis and Trading Plan for Next Week Wave Structures and Harmonic Patterns: The current wave count suggests that price action is completing a higher-degree corrective pattern. The presence of a potential Wave C up to a swing failure pattern (SFP) hints at exhaustion of buying pressure. The 0.618 and 0.786 Fibonacci retracement levels align with resistance zones, providing targets for potential reversals. Key Levels and Fibonacci Confluence: Resistance Zone: The 0.84250-0.84473 region acts as a key reversal area marked by the 0.786 Fibonacci retracement. Support Zone: The 0.83247 level aligns with the 0.618 retracement, serving as the invalidation point for bullish setups. Order Block Areas: The marked shaded regions reflect historical buying and selling activity that can trigger significant price reactions. Volume Profile: High-volume nodes indicate areas of significant interest and potential consolidation. Price reactions around these levels may signal breakouts or reversals. Swing Failure Patterns (SFPs): The chart features a swing failure pattern near 0.84473, suggesting that an attempt to break this high might lead to a reversal if rejected. This level should be monitored closely. Step-by-Step Trading Plan: Short Setup: Entry: Consider short positions near 0.84250-0.84473, where confluence with Fibonacci and historical resistance exists. Stop Loss: Place stops above 0.84473 to protect against a breakout. Target Levels: Initial target at 0.83850 (0.382 retracement). Secondary target at 0.83247 (0.618 support). Long Setup: Entry: If price action consolidates and holds above 0.83850 without triggering the short scenario, a potential long opportunity may arise. Stop Loss: Below 0.83247 (invalidation of the bullish scenario). Target Levels: Look for a move towards 0.84473 and beyond, contingent on a break of the SFP. Validation and Invalidation Points: Bearish Invalidation: A sustained move above 0.84473 confirms the invalidation of a short bias. Bullish Invalidation: If the price closes below 0.83247 and sustains this level, the bullish setup is invalidated. Key Takeaways: Volume and Order Flow: Watch for shifts in volume and the direction of order flow as they indicate potential bias changes. Wave Completion: Ensure that Wave 5 aligns with structural resistance and volume divergence for high-conviction trade setups. Risk Management: Always adhere to strict risk parameters, ensuring no more than 1-2% risk per trade.
Short
by spaceangel
EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss This is an analysis I posted before and nothing has changed so far. P EURGBP is testing an old weekly support zone that proved to be strong several times. Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area. We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone. The price tested this area in 2016, 2017, 2020 and 2022. After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
10
EUR/GBPOn Monthly, past 52 Weeks Lowest price line was touched and created Engulfing Bearish Candle. On Weekly, price is below 200, 50 and 20 EMA but it just broke through 0.83400 Resistant. On Daily, price is hitting lower trendline while price is below 200 & 50 EMA. On 1H chart, you can see that price is above 200, 50 and 20 EMA and it's coming down to confirm 0.83400 Resistant that now it's Support. In lolwer time frames seems price is bouncing back up unlike Monthly candle. this could be a reversal at most or a temporary pull back. In short tem, i would predict Bullish move.
Long
by Ha-Lion
EURGBP to find sellers at market price?EURGBP - Intraday The primary trend remains bearish. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 1day EMA is at 0.8338. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look to Sell at 0.8338 (stop at 0.8362) Our profit targets will be 0.8278 and 0.8268 Resistance: 0.8320 / 0.8345 / 0.8370 Support: 0.8307 / 0.8290 / 0.8260 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURGBP Will Collapse! SELL! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8338 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8301 Safe Stop Loss - 0.8361 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1