EURGBP - Bullish TradePrice has formed double bottom reversal pattern.
Bullish divergence and bullish AB=CD harmonic reversal pattern further indicate Bullish trend ahaed.
As the price crosses up neckline, buyers will be in control.
GBPEUR trade ideas
EURGBP LONG Looking for TP 1 around the 61.8 fib level.
0.84417 support holding over the last 32 hours.
EURGBP: Long Signal Explained
EURGBP
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry Level - 0.8449
Sl - 0.8438
Tp - 0.8467
Our Risk - 1%
Start protection of your profits from lower levels
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EURGBP My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8440
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8451
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
EURGBP: Bearish Trend Continues? 🇪🇺🇬🇧
EURGBP is trading in a long-term bearish trend.
After the price set a new low in June, the market
started a correctional movement within a rising wedge pattern on a daily.
Bearish breakout of the support of the wedge may signify the
resumption of a bearish trend and a highly probable bearish continuation.
The price may reach 0.8437 level soon.
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Long trade
30min Entry
8th July 24
12.00 pm
NY Session
Buyside
Entry 0.84477
Profit level 0.84575 (0.12%)
Stop level 0.84449 (0.03%) RR 3.5
EURGBP creating bullish patternEURGBP creating bullish divergence in 1hr tf
EP above last LH
SL below last LL
EUR/GBP Bullish Analysis and Trade Idea
The EUR/GBP is showing promising signs of a bullish move on the 4-hour chart. Currently trading around 0.84500 GBP, the pair is positioned within a strong support and demand zone, suggesting potential upward momentum.
Technical Indicators:
Order Block (OB) on Daily Chart: Located around 0.85050, indicating significant institutional interest.
0.886 Fibonacci Retracement, aligns with the OB zone around 0.85000, highlighting a strong resistance area.
Demand & High Support: Price has historically reacted bullishly between 0.84350 and 0.84450.(Could mean we are going for 2 nice bullish weeks)
Buy Side Liquidity (BSL): Positioned just above 0.84700, suggesting potential liquidity for a bullish move. ( Another +20 pips push into the OB And Fibonacci Retracement )
Analysis:
The pair is consolidating above a strong support zone, with historical demand suggesting potential bullish movement. The alignment of the OB zone and the 0.886 Fibonacci retracement level around 0.85000 indicates a critical resistance area. If the price breaks above this, it could trigger further upside. (But this is were you would take profit)
Conclusion:
With the current technical setup, EUR/GBP presents a favorable Buy trade opportunity from the support zone towards the 0.85000 - 0.85200 resistance area.
Apply appropriate risk management.
EURGBP PRINTING DOUBLE BOTTOMEURGBP is printing double bottom with bullish divergence i will take trade after breakout of neckline
EUR-GBP Will Keep Falling! Sell!
Hello,Traders!
EUR-GBP broke out of
The bearish wedge and
Which reinforces our
Bearish bias and makes
Us expect a further
Move down
Sell!
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Check out other forecasts below too!
Eurgbp has a 70% probability of going short.The reason for taking this trade is
1. All Timeframes are bearish.
2. Market has repeatedly respected the Daily AOI.
3. There was a 2hour and 4hour bearish engulfing candlestick around the daily AOI.
4. We waited for a 15min engulfing candlestick to enter.
Its advisable to go with the trend.
EURGBP - Double Bottom ReversalEURGBP making double bottom reversal Pattern and Bullish Divergence has been observed.
EURGBP - BUYEURGBP was in a downtrend but has made a bullish divergance on the RSI and also a possible double bottom pattern on the chart which is another confluence for trend reversal.
EURGBP updateEURGBP is developing a different pattern. Something like this for now. More side ways than a bullush correction like i thought initially.
DeGRAM | EURGBP is looking to close the gapEURGBP is moving under an ascending channel between the trend lines.
The price has touched the dynamic support and is now testing the support level, which has already acted as a pivot point.
The chart has formed a pattern AB=CD.
We expect the price to rise after the support retest.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EUR/GBP rate fluctuates under the influence of political factorsThe EUR/GBP rate fluctuates under the influence of political factors
On 10th June, we wrote that the EUR/GBP rate fell to a 21-month low after the European Parliament elections. Political fundamental factors continue to influence this pair.
As Reuters reports:
→ The euro is down on Monday amid unexpectedly strong results for the left-wing forces in the French elections, which has created new uncertainty regarding the country’s financial outlook.
→ The pound sterling has risen to a 3.5-week high against the US dollar, as the British currency strengthens following the Labour Party’s decisive victory in last week’s elections, ending 14 years of Conservative rule.
Therefore, it is not surprising that a bearish gap formed on the EUR/GBP chart at the start of the week – however, bulls managed to recoup the decline during the Asian session. How will events unfold from here?
According to the technical analysis of EUR/GBP today:
→ In terms of price dynamics since spring 2023, the market is in a downtrend (as indicated by the red channel);
→ In the aforementioned post from 10 June, we wrote that the 0.85-0.853 zone might provide significant resistance. Indeed, this was confirmed on the first day of July, when the price turned downwards from the 0.85 level (as indicated by the arrow).
If political developments do not alter the months-long dominance of the bears, the formation shown by the yellow lines could become an intermediate consolidation zone before the EUR/GBP price continues its downward trend.
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EURGBP - The Downtrend Will ContinueEURGBP was rejected at a bearish fair value gap and has resumed its downtrend.
In view of the uncertainties surrounding France, we assume that the price will continue to move lower.
EUR/GBP Day Trading analysisOn EUR/GBP , it's nice to see a strong sell-off from the price of 0.84720. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
EURGBP Will Move Lower! Sell!
Here is our detailed technical review for EURGBP.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.845.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.843 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP: Price Action Analysis & Bearish OutlookThe 📉EURGBP currency pair has formed two bearish patterns, indicating a potential downturn.
Initially, the price was trading within a rising channel, followed by the formation of a cup and handle pattern within that channel.
Last Friday, the price broke below both the pattern's neckline and the channel's support line, suggesting a bearish continuation. I anticipate a decline to 0.8428.
Possibility of uptrend It is expected that we will see the beginning of the upward trend in the current support range. By crossing the resistance range, the continuation of the upward trend will be likely.
If the price crosses the support range, it will be possible to continue the downward trend until the next support range.
EURGBPEURGBP - All timeframes bearish , opposite of NZDCAD we have a default head and shoulders pattern that has formed. At 5pm when the market open priced created a gap and if it fills it looks like it can easily return to the zone to not only retest the neckline of the head and shoulders but to also create that new lower high we need to continue the bearish trend.
EURGBP ANALYSIS 2.0
🚀 Trade Alert: EUR/GBP Bullish Reversal ABCD Pattern 🚀
We have identified a bullish setup in EUR/GBP, characterized by the following:
ABCD Pattern: EUR/GBP has formed a bullish reversal ABCD pattern and reversed from the Potential Reversal Zone (PRZ).
Higher Highs and Higher Lows: The pair is currently forming Higher Highs (HH) and Higher Lows (HL), indicating a strong uptrend.
Bullish Divergence: Confirming the bullish sentiment.
Entry Point:
Buy: At the current market price (CMP)
Target Prices (TP):
TP 1:
TP 2:
Stop Loss (SL):
SL: to manage risk
Trade Summary:
Buy: At CMP
TP 1:
TP 2:
SL:
Trade Type: Long Swing 🎢
Good Luck! 🍀
Stay informed and trade smart! 📊
