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GBPEUR trade ideas

Maximizing EURGBP Returns: 64.83% Probability of TP SuccessThe EURGBP pair is showing promising signs for potential long positions. Recent economic developments are aligning with a bullish outlook for this currency pair. Key Fundamentals Supporting Bullish Bias Eurozone Resilience: The European economy has been displaying unexpected resilience, with improving manufacturing data and consumer confidence. This strength could support the euro against the pound. UK Economic Challenges: The UK faces ongoing economic headwinds, including persistent inflation concerns and slower growth projections. These factors may put pressure on the pound, potentially benefiting the EURGBP pair. Diverging Monetary Policies: The European Central Bank (ECB) has signaled a more hawkish stance compared to the Bank of England (BoE), which could lead to interest rate differentials favoring the euro. I plan to utilize probability-based analysis to identify optimal entry points for long positions. 1M: 2W: Hourly Timeframe:
Long
by Jasminex1x2
1
EURGBP | Hidden Bearish DivergenceCurrently, EURGBP is in an uptrend, making new higher highs and higher lows as the price moves upward. However, a double top has formed, and the price has broken the recent low, indicating that the structure is beginning to shift into a downtrend. This suggests the market may soon start printing new lower highs (LH) and lower lows (LL). Additionally, on the 4-hour time frame, there is a hidden bearish divergence, further indicating a potential trend reversal into a downtrend. The combination of the double top formation and the hidden bearish divergence strengthens the likelihood that the trend will change, leading to the formation of new lower highs and lower lows. In summary: 1: Current Uptrend: EURGBP has been making higher highs and higher lows. 2: Double Top Formation: Suggests a potential reversal at a key resistance level. 3: Break of Recent Low: Indicates a shift towards a downtrend. 4: Hidden Bearish Divergence: On the 4-hour time frame, confirming the likelihood of a trend change. 5: Expectation: The trend may soon shift to a downtrend, with new lower highs and lower lows likely to form. These confirmations suggest that while the EURGBP has been in an uptrend, But rejected from its daily supply zone the recent developments point to a possible reversal into a downtrend. It is important to monitor these indicators closely and consider them in your analysis before making trading decisions.
Short
by awaisulabdeen
10
Buy OpportinityTrade Idea: Buy EUR/GBP Entry: 0.84070 1st take Profit: 0.84610 2nd Take Profit: 0.84985 Rationale: Technical Analysis: EUR/GBP has shown strong Support near the 0.84300 level, with recent price action indicating potential for an upword move. Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.83500 level. Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM
Potential bullish rise?EUR/GBP is reacting off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.84078 Why we like it: There is a pullback support level. Stop loss: 0.8382 Why we like it: There is a pullback support level Take profit: 0.8454 Why we like it: There is an overlap resistance level which lines up9 with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Potential bullish rise?EUR/GBP is reacting off the pivot and could rise to the 1st resistance which has been identified as an overlap resistance. Pivot: 0.8412 1st Support: 0.8384 1st Resistance: 0.8453 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.
Long
by ICmarkets
1
EURGBP My Opinion! BUY! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8422 Bias - Bullish Safe Stop Loss - 0.8389 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8476 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
6
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