EURGBP long until MPCUsing FVG and trend lines to suggest a possible outcome ahead of the MPC decision in 12 hours time, and what might happen from there.
GBPEUR trade ideas
A POTENTIAL SELL OPPORTUNITY IN EURGBPAhead of BoE interest rate, A possible sell opportunity is envisaged from the current market price of 0.84199 as
We expect a fall In price to 0.83828
Take advantage of the sell opportunity.
EURGBP-BULLISHEURGBP is entering into a bullish trend as divergence has been formed at the support area so we will take a buy trade here
EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Support Level
Uptrend After some fluctuation and correction, the uptrend is expected to start. In this case, the resistance trend line should be broken and the price should advance to the specified resistance range
A SELL OPPORTUNITY IN EURGBPPrice is currently trading at 0.84281 a sell opportunity is envisaged from the current market price. The trend remains bearish.
Take advantage of the opportunity
EURGBPEURGBP is still in a downward trend. I'm looking for a reversal to the blue line for a short. Please share your thoughts. HAPPY TRADING !!!
Bullish IdeaThis is our PLAN B scenario after our first map was invalidated to a certain percentage. In a daily time frame, we think that the Market has some moves to the downside to make and rest on the Daily Demand Level while completing what looks like an ending diagonal (wedge) within the Channel. Therefore, we think as the price tests the Demand level, we'll then have a good set up for Bulls.
EURGBP SellsLooking to enter a sell on EURGBP after buying up to my Weekly Selling region. Price rejected the Weekly Selling region strongly indicating we are continuing the downtrend on the weekly BIAS. I am looking to enter at a Daily selling region which will also create a H&S on the 4HR (no surprise there) I will wait and monitor to see how price approaches my zone and wait for my entry criteria
entry @ 0.84450/0.84500
Stop @ 0.84650/0.84700
TP @ 0.83800/0.83750
:)
EURGBP Buy
The above buy was gotten from a breakdown of the Weekly, Daily and 4HR price came down to retest previous weekly support that held price up since August 2022 so we know this lvl is strong. I waited to receive a Bullish Day reacting from the Weekly Lvl indicating there is still Bulls present at this Lvl then looked on the 4HR
The daily Bullish Candle gave us a BOS on the 4HR creating an inverse H&S
My entry was based on the right shoulder plus a double bottom at that shoulder
Entry was M/E at round physic Lvl
Eur/Gbp_ bearish.Still continuing a bearish movement since the weekly tf shows that the Bears are in control and the 3rd leg of a structure is about to be engineered .
I will see how it .
Happy trading.
EURGBP long trade call!FX:EURGBP recently broke its high and retraced back to 0.7 fib level on the 4H timeframe and now it is clear we are in a bullish trend. So following the trend we are taking a long setup on a shorter timeframe.
EURGBP FOREX 7/30/2024
I have revised my analysis of EUR/GBP and continue to seek buying opportunities. However, the market outlook has shifted, indicating a potential deeper correction to the upside. This adjustment suggests a counter-trend position in a risk-off environment.
EUR/GBP Forecast Today: The Euro Attempts to Continue RecoveringThe Euro initially fell during the trading week, testing the 0.84 level. At that point, the market reversed, showing signs of life and ended up being very bullish. By doing so, the market formed a hammer pattern for the week at an exceptionally low level, suggesting that the Euro could become a real value.
If we manage to surpass the 0.85 level, it would be a very bullish turn of events, potentially attracting even more participants into the market. On the other hand, if we break down below the 0.84 level, it is likely that the market will target the 0.83 level below.
Bearish scenario on EURGBPBased on the chart on H1 timeframe , a bearish movement is possible but I prefer to set my order and wait to see if it activated.
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Good luck!
EURGBP - Bullish Descending TriangleTheoretically a bullish Reversal pattern but could indicate a strong bearish continuation if it fails.
Decreasing volatility as EUR news approaches could precede a powerful release of momentum
Potential Long I can see the potential long position of this pair, as we see the price moving within the range and forming the bearish crab.
EURGBP buy, 2hrLast week EURGBP failed to buy. It fell to our support to get more momentum to push up. The support gave us three touches and went back up to the resistance at 0.84300 and crossed our neck line to confirm the double bottom. It then came back to retest the previous resistance making it a support to confirm the bullish momentum.
EURGBPhi everyone
here is major trend (H4)
from down trend,
and now the price break the resist !!!
so , i guessssssss this trend will change!
this is a basic technical analysis, but still work !
when we took a Long position.
the risk : reward so interesting
disclaimer
i just share what i see and what i know
do you own analysis
this is not a signal
be smart
thanksyou
EURGBP double bottom support and neckline breakEURGBP is taking double bottom support and breaked its resistance and is now on its support level
Possibility of uptrend Considering the behavior of the price in the resistance range and the resistance trend line, the continuation of the upward trend is likely. If the price crosses the previous floor, the continuation of the downward trend is likely
