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GBPEUR trade ideas

EURGBP - Bearish Setup at Key ResistanceThe EURGBP pair is approaching a notable supply zone, where sellers have previously regained control and driven prices lower. This area has historically acted as resistance, suggesting the potential for bearish continuation. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move. If the selling momentum materializes, the price could target the 0.83586 level. What are your thoughts on this outlook?
Short
by TrendDiva
EUR RALLY ON ECB MEETING?Trading Plan for ECB Rate Decision 1. BASELINE 📊 - Market Expectations for Interest Rates: The market is anticipating a rate cut by the ECB, with a forecasted main refinancing rate of **2.90%** down from **3.15%**. The STIR markets have priced in a 50 bps cut, suggesting strong expectations for a reduction. - Upcoming Event Predictions: Consensus is that the ECB will cut rates by either 25 bps or 50 bps to stimulate the economy due to lower inflation and weaker-than-expected growth. - Trend Analysis: The ECB has been lowering rates since last year in response to economic challenges. This trend is likely to continue. - Pre-positioning Observation: The flat movement in the proprietary euro index suggests cautious pre-positioning, indicating that significant moves might occur post-announcement. 2. SURPRISE⚡ : - 25 bps Cut: If the ECB cuts rates by **25 bps**, it could lead to an upside in the euro due to repricing, as the market has priced in a 50 bps cut. - 50 bps Cut: If the ECB cuts rates by **50 bps**, it might be seen as expected, leading to a less significant market reaction. 3. BIGGER PICTURE 🌐 - Short-term Play: If the ECB cuts rates by **25 bps**, initiate a short-term intraday trade on the predictable directional volatility, taking advantage of the potential upside in the euro due to repricing. - Long-term Play: The broader expectations for future interest rates remain unchanged, suggesting that neither scenario will alter the bigger picture significantly.
Long
by Midas_Macro
EURGBP Will Go Up From Support! Long! Please, check our technical outlook for EURGBP. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.837. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.839 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Falling towards 50% Fibonacci support?EUR/GBP is falling towards the pivot which has been identified as an overlap support and could bounce to the pullback resistance. Pivot: 0.83719 1st Support: 0.83258 1st Resistance: 0.84121 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.
Long
by ICmarkets
1
EUR/GBP pair has broken a previous support zoneIt looks like the EUR/GBP pair has broken a previous support zone, turning it into a resistance zone. After this break, the price is now making a bullish correction to retest that area. Trade Setup: • Wait for the last low (marked by the red line) to be broken clearly by a strong bearish engulfing candle, confirming the continuation of the downtrend. • Once this condition is met, enter a sell trade. • The stop-loss should be placed above the new resistance zone (previous support) to avoid false breakouts. • The target levels are based on the next key support zones, as shown in the chart. This approach ensures a more precise entry, reducing risk and increasing the probability of a successful trade.
Short
by ozix_1
EURGBP (Projection of possible opportunity zone)I think the upper part of the downtrend channel I've shown on the chart is an interesting area. This area has been respected for a whole year. To further reinforce the upper part of the channel, the 20-month EMA also lies over this zone. Another detail related to price action is that the trend has moved without pulling back until almost reaching the top of the channel, which increases the likelihood of a reversal. There isn't yet a pattern or formation indicating a turn, but it seems like a possible reaction zone. Channels have been used for over a century due to their ability to clarify price action and highlight probable opportunity areas.
by Especulador96
EURGBP SELL Trade Plan (High Probability Setup)SELL SCENARIO (Reversal from HTF Resistance) ✔ Entry: Below 0.8430 after confirmation (Break & Retest) ✔ Stop Loss: Above 0.8475 (Safe zone above liquidity grab) ✔ Take Profit Targets: TP1: 0.8400 (First demand zone, high liquidity area) TP2: 0.8375 (Deeper retracement to equilibrium level) TP3: 0.8350 (Institutional demand zone) 🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (High probability) 🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Strong confluences but needs break confirmation. 📌 Execution Strategy: Wait for H1 close below 0.8430 to confirm bearish continuation. Retest entry preferred for better risk management. Final Thoughts (Institutional Approach) 📌 What I would do as an Institutional Trader: ✔ Priority: SHORT if 0.8430 breaks & confirms below. ✔ NO TRADES if price stays choppy between 0.8430 - 0.8450 (Low momentum). 🎯 HFT Trading System Integration: 🚀 This setup aligns with SMC, ICT, and Liquidity Engineering principles. 🚀 Our system will filter out low-quality setups and only trigger when these confluences align. 🔥 Conclusion: ➡ Primary bias: Bearish if 0.8430 breaks (HTF resistance, liquidity grab, and divergence). ➡ Waiting for confirmation – NO premature entries. 🚀 Let’s stay disciplined and execute flawlessly! 🎯🔥
Short
by jibkhan111
EUR/GBP - Potential Short Day TradeHi all.. Price on HTF is currently Bullish to make sure to use risk management here. This is a pullback trade hunter into HTF Demand zones. This LTF Trade Consists of a internal protected High for price to return back into a the discount zone. We can see nice slow price action heading slightly bullish hoping before we see a nice drop. Entry is set at two positions: First being a simple Demand zone Second being a Mitigation Block just under a FVG telling me price wants to hunt that Imbalance Good Luck if you decide to Follow
Short
by jamesibartram
EUR/USD Long, GBP/USD Short and EUR/GBP ShortEUR/USD Long Minimum entry requirements: • 1H impulse up above area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. EUR/GBP Short Minimum entry requirements: • If structured 3 touch 1H continuation forms, 1H risk entry within it.
by StewySongs