Hello,Friends! We are going long on the EUR/GBP with the target of 0.861 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Traders! EUR-GBP broke the key Horizontal level of 0.8566 Which makes us bearish Biased and we will be Expecting a bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Based on the current market conditions, it is anticipated that the price will likely experience a decline from its present levels and potentially reach a value of 0.85385. The 4H timeframe is currently in descending channel and we can see price recently came close to testing the order lock above. : On the daily timeframe we are pushing though the volume...
we can see its forming a lower low and them lower highs so we wait for it to break the structure take out the inducement and hit our POI then we can go for a short to the HTF buy POI ps:trading is reactive not predictive
With visible data and bearish trend, there is added potential to move to the downside.
EURGBP continues to decline. There are signs on the chart, which tell us that the currency pair is ready for further weakening TA in the high timeframe: 1) A strong bearish trend 2) The price is set at the support at 0.85400. Consolidation is forming and the market is preparing to go down 3) The area of 0.85400, where the key liquidity zone is located, could...
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Based on the analysis of several indicators, it appears that FX:EURGBP is likely to experience an upward trend starting from next week. Signal Decomposition In the weekly chart, the signal decomposition indicates that all frequencies are pointing towards an upward movement, suggesting that the Euro (EUR) will dominate the British Pound (GBP) in the coming...
EURGBP is consolidating on a key level. The price formed a horizontal range on 1H time frame. To buy the pair with a confirmation, I would suggest looking for a breakout of the resistance of the range. 4H candle close above will confirm a violation. Buy aggressively or on a retest then with initial target - 0.858 level. ❤️Please, support my work with like,...
Hey Traders! 👋 For Day 30/100 of our challenge, we will look at EURGBP for downside potential this week/month Technicals: - Overall downtrend - Break below 0.858 support - Support created at 0.0.854 - Expecting retest back to 0.858 for potential shorts - Or a break and retest of 0.854 - Target is 0.85 - Invalid thesis when 0.861 is breached to the...
The price broke a significant trendline and formed a descending triangle from which it is expected to move further downwards, targeting lower support levels. Good trading! If you find it useful, like, follow, share!
Multiple time frame analysis on EURGBP. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
-Bounce Rejection on support level signalling the continuation of the downtrend after profit taking -Entering next negotiation zone -Stop Above the bear candle -Take profit on the opposite zone 2.43 r/r
Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its...
The employment data for the UK turned out positive for the GBP. The number of people in employment increased to a record high in the latest quarter. The GBP appreciated greatly against the EUR today and since its already late, the end of the movement might be here. Retracement back to the mean is expected and as depicted on the chart. However, low activity...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low. Fundamental analysis: Tomorrow we have news on GBP, will be released...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86100 zone, EURGBP is trading in a downtrend and currently is in a downtrend in which it is approaching the major trend at 0.86100 resistance zone. Trade safe, Joe.
After Friday's break under the recent low, EurGbp reversed yesterday leaving a strong bullish engulfing on our daily chart exactly in 0.8550 zone support. This bullish engulfing could be an indication that more gains are coming and the target for bulls could be 0.8720 resistance. In the case of a new low, this outlook is negated.