EURGBP has formed a downward break inside the barOn the daily chart, EURGBP formed an insidebar break, and the short-term market downward analysis is too large. At present, short selling can be considered near 0.8600, and the support below will be focused on the 0.8530-0.8560 area.Shortby XTrendSpeed0
Could price bounce off 618% Fibonacci support?Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.8582 Stop loss: 0.8559 Take profit: 0.8618 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.Longby VantageMarkets4
EURGBP Short during ConsolidationEURGBP Short trade during consolidation and rejection of strong resistance level. Nice bearish outside bar. Currency Strenght Meter confirmation. High Stochastic R:R 1:1 and Stop Loss above candle high.Shortby Marteyfx1
EURGBP- In rangeEURGBP is playing in range after making a bearish divergence. If price break the trendline and make a new LL and LH, then short EURGBP. Wait for new LH or set a precise entry by using Fib tool. Set the previous LH as stop loss and set the tp1 and tp2 with rsik reward ratio 1:1 and 1:2.Shortby MasoodAnsari0
EURGBP is approaching the uptrendHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85900 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area. Trade safe, Joe.Longby JoeChampion6
Check the trend According to the behavior of the price in the current support range, possible scenarios have been identified. In both scenarios, it is expected that the upward trend will continue. by STPFOREX0
EurGbp Buy IdeaLast week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs reports on Tuesday will be closely watched for signs that pay increases are fueling price pressures. Annual pay growth is still running hot, while labor supply is stagnating.Longby KhalilKarimii3
EURGBPWe looking for selling opportunities as we broke outside the bullish trend resulting in sellsShortby officialpotego_fx117
short idea on EURGBP"I have an idea to short EURGBP. Currently, the price is moving sideways in the 1-hour timeframe, and I can identify a potential reversal moment. I assume that the price will drop to touch the lower level of 085148, then rebound to a higher level before a significant reversal to 086333."."Shortby menaloga3
SELL EURGBPThere is a big divergence in a 1hr time frame so place an order of sell stop.Shortby samiiqbal640510
check the trend If the price crosses the current support range, it will be possible to continue the downward trend according to the specified path. Otherwise, the price above the support range is expected to stabilize and then the continuation of the upward trend is likelyby STPFOREX0
EUR/GBPThe "bullish crab" is a pattern in technical analysis used by traders to forecast potential price reversals in financial markets, particularly in stocks or cryptocurrencies. It's considered a harmonic pattern and is identified by specific Fibonacci ratios between price waves. Here's a brief overview of its characteristics: - The pattern typically consists of four price swings or legs labeled XA, AB, BC, and CD. - The AB leg retraces a portion of the XA leg by a Fibonacci ratio (usually 38.2% to 61.8%). - The BC leg extends beyond the XA leg, often by a Fibonacci extension ratio of 2.24%. - The CD leg retraces a portion of the BC leg, usually around 38.2% to 88.6%. - The pattern resembles an inverted "W" or a sideways "M," with the CD leg typically being longer than the AB leg. When traders spot a bullish crab pattern forming, they interpret it as a signal that the price may reverse higher. However, like all technical analysis tools, it's not foolproof and should be used in conjunction with other indicators and analysis methods for making trading decisions.Shortby B9A-88652-NisarAhmad0
Eurgbp sellThis pair will drop roughly about 70 pips, as we see the market just formed a double top. We might see a pullback to 0.8520 at least. Risk management guysShortby Guineafx224226
British Pound can rebound down from seller zone to support lineHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price made an impulse up inside the downward wedge from the support line to the resistance line, breaking the resistance level, which coincided with the seller zone. But later EURGBP turned around and in a short time declined to the support level, which coincided with the buyer zone, breaking the 0.8615 level one more time. Soon, the price broke the 0.8550 level and fell to the support line of the wedge, after which rebounded and in a short time rose higher than the resistance line, exiting from the wedge pattern and soon broke the 0.8550 support level again. After this movement, the price continued to grow inside the upward channel, where later GBP reached a resistance level, but at once rebounded and made little correction. A not long time ago price grew back to this level and at the moment trades very close. So, in my opinion, the British Pound can enter to seller zone, after which turns around and starts to decline to support line of the upward channel. For this case, I set my target at 0.8585 points. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ8118
Falling towards 38.2% Fibonacci support?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.85808 1st Support: 0.85636 1st Resistance: 0.86184 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.Longby ICmarkets4
EURGBP for Short Small TradeEURGBP for Short Small Trade showing my ADCB peternsShortby MazharghouriUpdated 3
EURGBP: testing the 200-dayA price action above above 0.8650 supports a bullish trend direction. Bullish confirmation for a break above 0.8630. The target price is set at 0.8675 (just above its 200-week simple moving average). The stop-loss is set at 0.8560. Building a base on major support, which might support the bullish trend. Furthermore, a break above and slight reversal will support the 200-day simple moving average.Longby Peet_Serfontein2
EUR/GBPA bearish AB=CD pattern is the opposite of its bullish counterpart. It typically forms during an uptrend and signals a potential reversal to the downside. The pattern consists of four price points, forming specific geometric shapes, where the CD leg retraces a specific Fibonacci ratio of the AB leg. Traders look for this pattern as a signal to potentially enter short positions, expecting the price to decline following the completion of the pattern. However, as with any trading pattern, it's important to confirm its validity using other technical indicators or analysis techniques before making trading decisions. Additionally, risk management strategies should always be applied to mitigate potential losses.Shortby B9A-88652-NisarAhmad4
EURGBP BEARISH CHANGE IN STATE OF PRICE DELIVERY Confluences that indicate that EURGBP will be bearish till the rest of the week 1. the wk fvg has been mitigated 2. break of structure with the Change in the state of price delivery 3. retest on the Mean threshold of the Bearish order-block 4. 0.702 fib retracement level coincides with the mean threshold 5. liquidity pool below the market structure 6. an old swing point as a definite targetShortby fudosman4
EURGBP PLAYED OUT WELL1. PSTG 1 was hit 2. PSTG 2 was hit 3. Market did retest on the zone i predicted that it is going retest at. ///trade/// Longby Themba_PM1
Which one ? SELL or LONG ?Hello Traders, I hope you doing great. for upcoming week, we'll have two option. The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell. if this post was helpful to you, please like and share.by aminrzbUpdated 448