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GBPEUR trade ideas

EURGBP Bearish Continuation Setup Potential Drop to Key Support📌 Overview: The EUR/GBP pair is showing signs of bearish continuation after failing to break above key resistance levels. Price action indicates a potential downward move towards a major support zone, aligning with the overall market structure. 🔎 Technical Analysis: The pair has formed a lower high, indicating weakness in bullish momentum. A breakdown from the recent consolidation zone suggests sellers are in control. Price has breached a key support level, turning it into a resistance zone. The market structure indicates a potential drop towards 0.82773, which aligns with a previous support area. 📊 Key Price Levels: ✔ Resistance: 0.84000 - 0.84200 (previous support turned resistance) ✔ Current Price: 0.83876 ✔ Target: 0.82773 (major support and liquidity zone) ✔ Stop Loss: Above 0.84000, invalidating the bearish setup 📉 Trade Plan & Execution: 🔹 Entry Strategy: Traders can look for a retest of broken support (now resistance) near 0.84000 to confirm selling pressure. A bearish rejection candle (such as a shooting star, bearish engulfing, or pin bar) could confirm the continuation of the downward trend. 🔹 Profit Target: The primary target is 0.82773, which acts as a strong demand zone from previous price action. 🔹 Risk Management: A stop loss should be placed above 0.84000, as a break above this level would invalidate the bearish setup. Maintaining a favorable risk-to-reward ratio (1:2 or better) is advisable for optimal trade execution. 📢 Market Outlook & Considerations: ✅ Bearish Confirmation: Sustained rejection from resistance and lower highs strengthen the bearish outlook towards 0.82773. 🚨 Bullish Reversal Risk: A break above 0.84000 could invalidate the setup, signaling a potential return to bullish momentum. 📊 Fundamental Factors: Keep an eye on GBP and EUR-related economic data, central bank policies, and risk sentiment, which could impact price movements.
Short
by PIPsOptimizer
The EUR/GBP pair is experiencing a bearish trend, with the Euro * Currency Pair: EUR/GBP (Euro versus British Pound) * Timeframe: 1D (Daily Chart), meaning each candlestick represents one day's trading activity. * Current Price: 0.83936 * Change: -0.00232 (-0.28%), indicating a decrease in the value of the Euro against the Pound. * Buy/Sell Indicators: * Buy: 0.83941 * Sell: 0.83929 * Price Levels: Several horizontal lines are drawn on the chart, indicating key price levels: * 0.89000 * 0.88000 * 0.87000 * 0.86000 * 0.84496 (appears multiple times, suggesting a significant level) * 0.83936 (current price) * 0.83000 * 0.82422 (appears multiple times, suggesting a significant level) * 0.81000 * Trend: The chart appears to show a general downtrend, with the price moving from the higher levels in 2022 towards the lower levels in 2024. * Timeline: The timeline at the bottom shows the years 2022 to 2025, with July marked for each year. This helps to visualize the long-term trend of the EUR/GBP pair. * Platform: The bottom of the image shows the trading platform interface with various icons, likely for technical analysis tools, chart settings, and other functions. * Candlestick Patterns: The chart uses candlestick patterns to represent price movements. These patterns can provide insights into market sentiment and potential future price movements. * Volume: The "v 2" on the left side might refer to a volume indicator, showing the trading volume for the currency pair. * "Gro/British Pound" text in the middle of the chart is likely an artifact or a label that was not fully removed or a label that is not fully clear. General Observations: * The EUR/GBP pair is experiencing a bearish trend, with the Euro weakening against the Pound. * The price levels marked on the chart likely represent support and resistance levels, which traders use to identify potential entry and exit points. * The multiple occurrences of the 0.84496 and 0.82422 levels suggest that these are significant areas of price action.
Long
by alaisattakarn
EUR/GBP Bearish Trading Setup | Resistance Rejection & BreakdownMarket Context & Overview The EUR/GBP currency pair is currently showing signs of bearish momentum, as illustrated in this 1-hour trading chart. The price is facing a strong resistance zone while forming a descending trendline, indicating that sellers are gaining control over the market. Given this technical setup, traders can anticipate a potential breakdown leading to further downside movement. This analysis highlights key price levels, technical indicators, and potential trade opportunities based on current price action. The bearish outlook is supported by the market structure, which is displaying signs of a potential trend reversal from the resistance zone. 🔹 Key Technical Levels 1️⃣ Resistance Zone (0.84200 - 0.84300) This area has acted as a strong selling zone in previous price action. Multiple rejection points indicate that buyers are struggling to push beyond this level. This resistance aligns with the descending trendline, further strengthening the bearish bias. 2️⃣ Support Level (0.84000) The current support level has provided temporary demand, preventing immediate downside movement. If the price breaks below this support, it will confirm a bearish continuation. 3️⃣ Major Resistance Zone (0.84495) This is the all-time high resistance zone in the short-term structure. A break above this level would invalidate the bearish setup and could lead to bullish momentum. 4️⃣ Target Level (0.83735) If the price successfully breaks below 0.84000, the next target would be 0.83735. This level aligns with previous swing lows, making it a realistic downside target for short positions. 5️⃣ Stop Loss Placement (Above 0.84201) A stop-loss above 0.84201 ensures protection against false breakouts. If price breaks above this level, it could signal a shift in market structure. 🔹 Technical Insights & Market Sentiment 1️⃣ Descending Trendline: The price is respecting a descending trendline, indicating a bearish bias. 2️⃣ Multiple Resistance Rejections: Price has tested the resistance zone multiple times without breaking through. 3️⃣ Bearish Price Action: The recent candles show lower highs, reinforcing the downtrend. 4️⃣ Volume Analysis: A drop in buying pressure at resistance signals potential weakness among buyers. 5️⃣ Fundamental Factors : GBP strength due to macroeconomic factors could add further pressure on EUR/GBP. 🔹 Trade Plan & Strategy 📌 Entry Criteria Ideal entry near 0.84150 - 0.84200 if price shows rejection at resistance. Alternatively, enter after a confirmed breakdown below 0.84000 for safer confirmation. 🎯 Profit Target First target: 0.83735 If bearish momentum continues, price could extend towards 0.83600 as an extended target. 🛑 Stop Loss Placement Above 0.84201 to minimize risk. This ensures the trade remains valid while avoiding market noise. 🔹 Risk-Reward Ratio & Trade Management ✅ Risk-Reward Ratio (RRR): Approximately 2:1, making this a favorable setup. ✅ Trade Management: If price starts reversing before hitting the target, consider trailing stop-loss to secure profits. If price consolidates around support, watch for breakout confirmations before entering. 🔹 Final Thoughts & Market Sentiment This trading setup suggests a strong bearish opportunity based on price action, resistance rejection, and trendline confluence. The break below 0.84000 will be the key trigger for further downside movement. If price remains below resistance, a sell position with a stop-loss above 0.84201 and a target of 0.83735 offers a high-probability trade setup.
Short
by GoldMasterTrades
EUR/GBP Bullish Breakout Setup Ahead of London OpenEUR/GBP is showing strong bullish momentum, with the euro gaining strength over the pound. The weakening GBP against EUR suggests the possibility of a range breakout on the upper channel, especially as the London session opens. The daily timeframe signals a classic breakout-pullback-continuation pattern, reinforcing the bullish outlook. If buyers sustain momentum, we could see an upward extension, confirming the breakout structure. Traders should watch key resistance levels for confirmation and potential entry opportunities.
Long
by AfaqKhan111
EUR/GBP 1H Chart Analysis1. Market Structure The chart shows a breakout from a symmetrical triangle pattern, which signals potential bullish continuation. Price was previously consolidating inside the triangle, and now it has broken above the resistance trendline. The breakout suggests a bullish move towards the next resistance level. 2. Key Levels Support Zone (~0.8396 - 0.8411): Marked in red, indicating a strong demand area where price found support before the breakout. Entry Zone (~0.8415 - 0.8420): Price has recently broken out and is retesting the breakout area. Target (~0.8448 - 0.8450): Marked at the previous swing high, serving as the next resistance level. 3. Bullish Setup Confirmation The trade setup suggests a long (buy) position with: Entry at the breakout retest (~0.8415 - 0.8420) Stop-loss below the support zone (~0.8396) Take-profit at 0.8448 - 0.8450 resistance zone The trade shows a favorable Risk-to-Reward Ratio (RRR) > 2:1. 4. Trading Strategy If Price Holds Above 0.8410 → Look for bullish confirmation to enter a long trade. If Price Breaks Below 0.8396 → Invalidates bullish setup, consider exiting. If Price Rallies Toward 0.8448 - 0.8450 → Take profit or trail stop-loss to secure gains. 5. Additional Confirmation Factors EMA 50: Price is above the 50 EMA, which supports the bullish bias. Breakout Retest: The price is currently testing the previous resistance, now acting as support. Conclusion Primary Bias: Bullish Entry Zone: 0.8415 - 0.8420 Stop Loss: Below 0.8396 Take Profit: Around 0.8448 - 0.8450 Trade Confirmation: Look for bullish candles or rejections at support
Long
by aziezieam
EUR/GBP Bullish Flag (18.3.25)The EUR/GBP pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 0.8433 2nd Resistance – 0.8448 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
12
EUR/GBP Technical Analysis - 4H Chart 📌 Pair: EUR/GBP 📈 Current Price: 0.84092 Key Levels: 🔹 Support Zone: 0.83766 - A key area where price has previously bounced. 🔹 Resistance Zone: 0.84400 - A strong resistance level where price has faced rejection. 🔹 Target Level: 0.85004 - Potential bullish target if price breaks above resistance. Market Structure & Trade Idea: EUR/GBP has shown strong bullish momentum, breaking above the support zone (0.83766). Currently, price is testing the resistance level. A slight pullback toward support could provide a new buying opportunity. A break above resistance would confirm bullish continuation toward 0.85004. Trading Plan: ✅ Bullish Scenario: Wait for a pullback to 0.83766 before entering long, targeting 0.85004. ✅ Bearish Scenario: If price breaks below 0.83766, a deeper retracement to 0.82652 may follow. 🔍 Watch for: Breakout confirmation above resistance. Strong rejection from support before entering a trade.
Long
by ForexOptimizer
EURGBP INTRADAY OutlookBullish Scenario: The EURGBP pair maintains a bullish intraday sentiment, supported by the longer-term uptrend. The key level to watch is 0.8420, which acts as a critical resistance zone. If the price rallies above 0.8420, the uptrend could resume, targeting 0.8440, with further resistance levels at 0.8460 and 0.8500 over the longer timeframe. Bearish Scenario: A confirmed break below 0.8380, especially with a daily close beneath this level, would invalidate the bullish outlook. This could lead to further downside movement, with immediate support at 0.8360, followed by 0.8340 and 0.8327, signaling a deeper corrective pullback. Conclusion: The overall intraday trend remains bullish, with 0.8420 as the key pivot level. Holding above this support reinforces the upside potential, while a confirmed breakdown below it could shift momentum toward a deeper retracement. Traders should monitor price action around this critical level for confirmation of 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.
by TradeNation
EUR/GBP - Bearish Rejection from Resistance This 4-hour chart of EUR/GBP indicates a potential sell opportunity following a rejection from a key resistance level. Key Observations: Resistance Level: Price is struggling to break above 0.84200, suggesting strong selling pressure. Bearish Structure: The price action shows a rejection at resistance, forming a potential lower high. Target Support: The next major support level is around 0.83448, followed by 0.82562 for further downside. Trading Plan: 📉 Sell Entry: After price confirmation below 0.84000 🎯 Take Profit: First target at 0.83448, second target at 0.82562 🔴 Stop-Loss: Above 0.84300 to minimize risk Technical Indicators to Watch: ✅ Bearish Candlestick Patterns confirming resistance rejection ✅ RSI Divergence or overbought conditions ✅ Break & Retest Confirmation before entering a short trade
Short
by ForexOptimizer
What do you say about selling EURGBP?All our trades from last weeks are still going on well and in good profit too. But they haven't given me what I want. They are all still valid. Especially the CADCHF buy and USDCAD sell. If you're not in yet, look for an opportunity to enter them as the moves will be massive. I will post if I see another entry on them. Regarding EURGBP, I think it is ready to sell again. I've been waiting for it. Let's ride it down. If you dont trade it directly, this means you should focus on buying more GBPUSD instead of EUR as it will move more or sell EUR instead of GBP as it will fall more freely ie assuming we are right. But we will be... TP1= 0.83600 TP2= 0.83000 TP3= 0.82000 Trade accordingly
Short
by UGBOR
EURGBP nearing resistance – Drop toward 0.8370 next?OANDA:EURGBP is getting close to a key resistance level that has previously acted as a strong barrier, triggering bearish momentum in the past - This zone is once again a potential point of interest for those looking for short opportunities. Given this, how price reacts here could set the tone for the next move. If signs of rejection appear: such as long upper wicks, bearish candlestick formations, or a slowdown in bullish momentum, a move toward the 0.83700 is highly possible . However, a decisive breakout above this resistance may invalidate the bearish bias and lead to further upside. Price action at this level will be critical in determining the next move. Just my perspective on key levels, always confirm setups and maintain solid risk management.
Short
by TrendDiva
16