EURGBP - Basic Fibo retracementBasic fibo reversal trades based on 2 entries
1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$
Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
GBPEUR trade ideas
EUR/GBP Price Action AnalysisThis chart shows the 4-hour price movement of the EUR/GBP currency pair. Below is an analysis of the price action:
Trend Lines:
The chart features two trend lines: an ascending trend line and a descending trend line.
The price is currently near the intersection of these trend lines, indicating a potential significant breakout or reversal.
Trend Line Break:
The chart highlights that the price has broken through the descending trend line. This suggests a potential short-term upward trend.
Price Movement:
Recent candlesticks show that after breaking the descending trend line, the price has seen some retracement but remains above the ascending trend line.
If the price continues to stay above the ascending trend line, it may continue to rise and challenge previous highs.
EURGBP - Look for a short !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. My point of interest is if price continue the retracement and fills the imbalance higher, then rejects from bearish order block + institutional big figure 0.85000.
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Correction It is expected that the corrective trend in the Fibonacci levels and the support range will change the trend and we will see the beginning of the upward trend.
By crossing the support range, it will be possible to continue the corrective process
BULLS MIGHT TAKE OVERH4 we have H&Ss reversal pattern and the neckline has been broken which confirms a change of a trend so let see what candle stick we gonna get on our OB1 zone
NB:NO REVERSAL PATTERNS NO ENTRY
Short IdeaBearish, re-tracement leg possibly in progress. Waiting for price to tap into supply zone before initiating sells.
Safe and happy trades.
Trade Signal for EURGBP - Strategy: EASY Quantum AiTrade Direction: Sell
Enter Price: 0.84527
Take Profit: 0.84418667
Stop Loss: 0.84642667
Dear Traders,
We have identified a promising sell signal for the EURGBP pair using our proprietary strategy, EASY Quantum Ai.
Factors Leading to This Prediction:
1. Technical Analysis: Recent chart patterns show a potential downward trend forming. We observe that the EURGBP is displaying lower highs and lower lows, signaling a bearish movement.
2. Market Sentiment: Sentiment analysis indicates a dominant bearish outlook among traders. The market consensus supports a depreciation of the EURGBP pair.
3. Economic Indicators: Economic data from the Eurozone has been underwhelming, putting pressure on the EUR. Conversely, stronger UK economic fundamentals are boosting the GBP.
4. AI Sentiment Analysis: Our EASY Quantum Ai algorithm has identified a confluence of bearish indicators. This includes a sentiment shift in related forex pairs and macroeconomic news that favors GBP strength over EUR.
By setting the Enter Price at 0.84527 , we aim to capitalize on the initial phase of this anticipated downtrend. Our Take Profit target of 0.84418667 is conservatively set to ensure we lock in gains before any potential market reversal. The Stop Loss at 0.84642667 is prudently placed to manage risk and protect our position.
Trade wisely and always conduct your due diligence.
Happy Trading!
EURGBP POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure and it is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
EURGBP: Potential Bearish Continuation 🇪🇺🇬🇧
EURGBP nicely respected a major falling trend line on a daily.
The price dropped and violated a support line of a rising parallel
channel on a 4H time frame this morning.
I think that the fall may continue.
Next support - 0.844
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EURGBP Overbought RSI, buy opportunity.The EURGBP pair hit on June 14 the bottom (Lower Lows trend-line0 of the 7-month (dashed) Channel Down and is on the rebound. At the same time, the 1D RSI got oversold (below 30.00) and every time it did so in the past 12 months, it started a strong bullish reversal.
More specifically the previous Bullish Leg of the Channel Down reached the 0.618 Fibonacci retracement level to form its Lower High. As a result, we turn bullish on this pair, targeting 0.85500 (0.618 Fib).
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EURGBP Trade wisely and apply proper risk management.
I see now it's the best time to get involved on it
EUR/GBP Technical Analysis## EUR/GBP Technical Analysis
Timeframe: 15-Minute Chart
### Chart Overview:
The EUR/GBP pair on the 15-minute timeframe exhibits detailed recent price action, incorporating several technical elements that suggest potential future movements.
### Key Elements:
1. Downtrend Channel:
- The chart initially indicates a downtrend channel, with the price respecting the upper trendline as resistance and the lower trendline as support.
- This channel suggests a bearish trend with lower highs and lower lows up to a certain point.
2. Breaking Out of the Channel:
- Recently, the price appears to have broken out of the downtrend channel to the upside, indicating a potential reversal or at least a short-term bullish correction.
- The breakout is accompanied by a consolidation phase just above the previous upper trendline.
3. Support and Resistance Levels:
- Resistance Levels: Immediate resistance levels are noted at 0.84603, 0.85181, and above these, at the previous high around 0.8535.
- Support Levels: Key support levels include 0.84571, 0.84578, 0.84206, and further below at 0.84042 and 0.8400. These levels have provided significant support in the past and could act as potential bounce points if the price declines.
### Conclusion:
The EUR/GBP pair is currently in a critical phase, having recently broken out of a downtrend channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports the recent bullish breakout, suggesting potential for further upside if key resistance levels are breached. Always manage your risk with appropriate stop losses and position sizing.
EURGBP - Bullish TradePrice is moving in uptrend printing higher highs & higher lows.
Buyers will remain in control as no bearish divergence is observed.
Instant entry through fib golden ratio (0.382) as price has already reached 0.382 value.
Long trade Trading Plan
Currency Pair: GBP/USD
Entry Price: 0.84644
Profit Level: 0.84923 (0.33%)
Stop Level: 0.84595 (0.06%)
Risk to Reward Ratio (RR): 5.94
Time Frame: Tokyo to London Session (3:00 PM)
Direction: Buy (Long Position)
Context and Market News
Market Sentiment: The pound briefly edged up on Friday after UK retail sales data beat expectations for May, suggesting some resilience in the British consumer market. However, this came a day after the Bank of England signaled a possible rate cut in August.
News Driver: Positive retail sales data provided some support for the pound, despite the dovish outlook from the Bank of England.
EURGBP - Basic Fibo retracementBasic fibo reversal trades based on 2 entries
1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$
Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
EUR/GBP potential shortContext:
• Market broke through monthly lows and stayed below
• Built a weekly FVG down
• On the daily, market builds a creeping trend into the weekly FVG
• The weekly FVG is supported by lower timeframe FVGs on the daily and 4h chart
Idea:
• Look for shorts in the area 0.8465 to 0.85 (i.e. lower bound of weekly FVG up to las broken low)
• Preferred entry timeframe: 4h
Caution / Scenario invalidated:
• Caution if market closes above 0.8484
• If market goes into 0.85, a sharp reversal should occur
• If the market accepts higher prices and builds up a bullish dynamic, returning into its previous range, I skip this one
Target:
• Low around 0.84
Stop:
• Above your entry signal
• Last resort: 0.8541
Watch for your CRV
Please feel free to comment!
change the trend It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend.
With the breaking of the resistance trend line, the upward trend will be more likely. Then it will be possible up to the specified resistance range
EURGBP Weekly forecast Well this is a first for me, never traded this pair but currently it is presenting nice opportunities for a swing pull back to areas of interest.
Would be nice to see how far it will go and the most attractive thing about this pair was how the IDM-CHOCH occurred in 4H, the only thing that a trade could be waiting for is a mitigation of the POI that lead to CHOCH. text book style.
Anyway let's see how it behaves.
EURGBP 1H SUPPLY DBD 1h supply zone on eurgbp for potential shorts. clean based with strong departure's. outside of the trading range for added odds
EURGBP 4HEURGBP on the 4H. There is still an unfilled gap to the upside. My "dream scenario" is to catch a long position on the gap fill, then a short position on the bearish push following the gap fill
