EURGBP is bullish trendafter breaking the marked resistance price, new HHs & HLs, and currently the price is marking its later and there is also a bearish divergence which is also pushing the price downwards. In such scenarios, Fibonacci levels play an important role and with the help of that, we can make our entry better with more RR. One can buy either at .5 or.618 Fib point SL is also mentioned. Instant buy is also another option but in all cases SL will remain same
GBPEUR trade ideas
EURGBP Potential correctionThe EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum.
With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710
EUR/GBP BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.834 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair.
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Lingrid | EURGBP shorting OPPORTUNITY from November HIGHThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP recently tested the November high, resulting in a false breakout on the 4H timeframe after taking liquidity above the 0.84500 level. The market printed five consecutive bullish days, but at this point, we may see some retracement. Although the price has continued to make higher highs, there's a bearish divergence forming, indicating potential weakness in the upward momentum. Given that the market is testing the monthly high with this bearish divergence, I expect a downward move from resistance and channel border. My goal is support zone around 0.83710
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURGBP - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
EURGBP-SELL strategy 12-Hourly chartThe pair is very overbought short-term, and judging the regression channel, the chances are a pullback to 0.8365 is possible for the coming sessions. It could be even near 0.8340 before it may hold and re-establish itself for higher levels.
Strategy SELL current 0.8415-0.84450 and take profit near 0.8345 for now.
GBPCHF - 13 Jan 2025 SetupEURGBP Market structure are still Bullish. Spotted demand area (Green Rectangle). its a verygood demand area as we seen Resistance become support on that area.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
14-1 EURGBP:In the short term we expect the EUR/GBP course to remain around £ 0.8398. This means that the euro remains relatively stable compared to the pound.
- ** most important influences **:
- ** interest differences **: If the European Central Bank (ECB) increases its interest rates, this can strengthen the euro. At the same time, the interest rate policy of the Bank of England (BOE) remains a crucial factor.
- ** Inflation **: The recent developments in inflation figures in both the UK and the EU affect purchasing power and therefore on the exchange rate.
- ** Economic growth **: If the UK shows economic growth that is stronger than in the EU, this can support the pound.
In the long term (2025 and further) we provide a further weakening of the pound, with a EUR/GBP course that can rise to £ 0.848 in January 2025.
- ** most important influences **:
- ** Trade and Brexit effects **: The long-term consequences of the Brexit continue to play a role in the UK. Uncertainty in trade agreements can have a pressing effect on the pound.
- ** Political stability **: Possible political instability, such as elections or policy changes in the UK, can increase volatility.
- ** Sustainable growth and investments **: If the EU becomes more economically attractive for investors than the UK, the euro will perform stronger. Risks for GBP:
- Any recession or slower economic growth in the UK can further weaken the pound.
- Persistent inflation above the intended purpose of the Boe could put pressure on the British economy. We have inlaid a small buy with a buy series attached to it. The buy starts at 0.842.
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
EURGBP - BUYI have seen a divergent on W1, D1 and a clear falling wedge pattern on H4.
all these collided with the major support level @ 0.82511. However, the market may reach up to 0.82011 level, a liquidity grap area to stop out more SL before major shift in the trend direction.
my main bias for this pair EURGBP is to the up side only for the next coming months.
#RestandletthemarketworkforYOU!