GBPEUR trade ideas
EURGBP Potential ScenarioMy idea for EG over the coming weeks. I have three scenarios, one internal and two potential swing outcomes. I think the grey is the most likely followed by the idea in green
Week 29 Analysis (08Jul) + Week 28 ReviewWelcome Fellow Traders!
Tech Analysis for the coming week + review of the current!
Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned!
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EUR_GBP BEARISH BREAKOUT|SHORT|
✅EUR_GBP is trading in a
Downtrend and the pair
Broke out of the bearish
Wedge pattern which
Reinforces our bearish bias
And makes us expect
A further move down
SHORT🔥
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EURGBP The Target Is UP! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8459 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8476
Recommended Stop Loss - 0.8448
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURGBP shorting oppertunityeurgbp making a bearish chart pattern , a channel , after breaking the channel it may retest and go more down
EURGBPPrice is in correction phase of Minor Wave WXY and price have completed Minute wave A and B . It is going down to complete Minute wave C which end at 0.618% of the whole total wave circle.
Potential Bullish Reversal! - EGHere I have EUR/GBP on the 4 Hr Chart!
Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579
-Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low )
-We also have a Double Tap on the Lower Bollinger Bands
These events add up to what seems to be a Divergence taking place where Price has made its True Low and RSI indicates its no longer looking to go LOWER!!
Now for CONFIRMATION of this Potential Double Bottom Pattern, we NEED Price to Break and Close ABOVE the High @ .84579 and then to Re-test!
INVALIDATION of Pattern will come if Price decides to go Lower than our Low @ .83972
Potential buys on EURGBPTrade is idea is based on Liquidity purge, Break of structure, inducement and retest/reclaim of Order block.
⚠️Not a financial advice
EURGBP: Bullish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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EURGBPEURGBP is currently in a bearish trend.
Price is forming a bearish flag pattern, indicating a potential continuation of the uptrend.
The pair is being rejected from resistance at the 38% Fibonacci retracement level, adding confluence to the bearish bias.
what you guys think of this idea ?
DeGRAM | EURGBP bounce from the channel boundaryEURGBP is moving in an ascending channel between the trend lines.
The price is testing the lower boundary of the channel.
We expect a rebound after the channel retest.
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Short trade
Entry 0.84714
Profit level 0.84654 (0.07%)
Stop level 0.84741 (0.03%)
Sellside
RR 2.22
Reason - Price high 0.84775 reached
Target liquidity low
EURGBP BullishEURGBP has formed a falling wedge reversal pattern along with bullish divergence which indicates possible trend reversal.
Possibility of uptrend According to the behavior of the price in the current resistance range, possible scenarios have been identified.
It is expected that the price will stabilize above the resistance range and continue the upward trend
EURGBP could decline furtherI’d like to go short EURGBP. On the 4-hour chart, prices have been holding below the 200 moving average line and it looks like a three-wave correction could’ve ended at 0.8499, especially since it has been followed by a 5-wave decline. Aggressive traders could short here with a tight stop above 0.8500, while conservative traders could wait for a clear confirmation on the break below 0.8430 (the end of wave B of the correction) to enter shorts.
EURGBP long scalpEURGBP provided another entry opportunity. Still long, any pullback is a chance to long. Looking close off or look for shorts in the box. Its making y correction in a wxy.
EUR-GBP Swing Short! Sell!
Hello,Traders!
EUR-GBP is trading in a
Downtrend and the pair
Made a bullish correction
Towards the strong horizontal
Resistance level of around 0.8500
But we are bearish biased
So we will be expecting a
Further move down
In the foreseeable future
Sell!
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Forex Trading Signal for EUR/GBP PairDirection: Sell
Enter Price: 0.84858
Take Profit: 0.8479
Stop Loss: 0.84939
We recommend a sell position for the EUR/GBP pair with an entry price at 0.84858. The target is to reach a take profit level at 0.8479, while the stop loss should be set at 0.84939.
Justification for the Signal:
This forecast is generated using the EASY Quantum Ai strategy, which is grounded in a robust analysis of several market factors:
1. Technical Indicators: Our strategy utilizes a combination of moving averages, RSI, and MACD to identify ideal entry and exit points. The current analysis shows bearish signals from these indicators, suggesting a downward trend.
2. Market Trends: Recent market data exhibits a pattern of lower highs and lower lows in the EUR/GBP pair, which is consistent with a declining trend.
3. Economic Data: Ongoing economic developments in the Eurozone have shown weaker-than-expected performance, which negatively impacts the euro. Conversely, the GBP has displayed relative strength due to better economic indicators in the UK.
4. Sentiment Analysis: Market sentiment analysis indicates a bearish outlook on the EUR/GBP pair due to geopolitical uncertainties and investor sentiment favoring the GBP over the EUR.
By following the EASY Quantum Ai strategy, this signal aims to optimize potential gains while mitigating risks. Always ensure to monitor the market conditions, as forex trading involves significant risk. Trade safely!
Disclaimer: This signal is provided for educational purposes only and is not a recommendation to buy or sell any financial instrument. Past performance is not indicative of future results.
