EURGBPI am expecting a continuous rise for EURGBP has it has tested support already, there is a breakdown trendline and a pullback is made already. So till Monday to see it play out l.
Eurgbpanalysis
EURGBP Long BullishThe EURGBP long bullish idea is supported by two key technical indicators: DOW breakout and bullish divergence.
DOW Breakout: The EURGBP currency pair has experienced a breakout based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakout in the DOW can potentially impact the EURGBP pair, indicating a shift in momentum in favor of the bulls.
Bullish Divergence: In addition to the DOW breakout, there is a presence of bullish divergence in the price action. This occurs when the price makes lower lows, but the corresponding indicator (such as RSI or MACD) makes higher lows. It indicates that the selling pressure is weakening, and a bullish reversal might be on the horizon.
Combining these two technical signals, traders might consider taking a long position on the EURCHF currency pair, anticipating further upward movement in the exchange rate. However, it is essential to perform further analysis and risk management before executing any trades. Traders should also be aware of potential risks, such as unforeseen market events or changes in economic fundamentals that could impact the currency pair's direction. As with any trading idea, it is crucial to consider your own trading strategy and risk tolerance before making any decisions.
7 Dimension Analysis For EURGBP 😇7 Dimension Analysis - Daily Time Frame: Identifying Potential Reversal Opportunities
1: Price Structure:
Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, but weakness is evident with an inverter hammer and a doji candle formation. Inducement is completed, and the price has changed its character. A liquidity sweep has occurred with no pullback yet. Demand area and weekly support are defined, providing a strong foundation.
2: Patterns:
🟢TREND LINES:
Multiple angles and horizontal lines indicating potential support and resistance levels.
🟢CHART PATTERNS:
Double bottom pattern with a fake breakout. Rectangle pattern already broken. A fake out occurred at the bottom.
🟢CANDLE PATTERNS:
Inverted hammer with multiple long wicks. Doji candle formation. A record session count with 6 consecutive sessions showing proper higher high closings. Change in guard pattern completed. Inside Bar pattern with the last two sessions forming an inside hammer and an inside doji.
3: Volume:
High volume at the start of the swing, but currently low volume.
4: Momentum UNCONVENTIONAL Rsi:
🟢 Sideways to bullish .
🟢 Range shift from Bearish to sideways.
5: Volatility measure Bollinger bands:
🟢 Squeeze breakout occurred, but unable to sustain. Now, middle band support will decide further direction.
🟢 W formation completed, suggesting a move towards the target.
🟢 Dual band derivation 1 supported.
6: Strength ADX:
Bulls are currently in power.
7: Sentiment ROC:
The rate of change indicates that EUR is stronger than GBP.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Entry Move: Corrective wait till Choch
✔ Support Resistance Base: Third Higher Low (3rd HL) May push prices into trigger area
➕ FIB: Trigger event activated
↕️ Trend line breakout: Wait for confirmation. after breakout we will wait price can finish corrective move
☑️ Final Comments: Waiting for the completion of the corrective move.
💡 Decision: Patience until the price completes its correction.
🚀 Entry: 0.8591
✋ Stop Loss: 0.8499
🎯 Take Profit: 0.8755
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 10 days.
EURGBP Analysis 23July2023After last week this pair shows a strong bullish, next week there is a possibility of a bearish correction with a target in the SR Flip area where the area is parallel to the Fibo Retracement notation 0.382. the possibility of a strong price will go to the area before continuing the bullish trend again
EURGBP - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum.
Higher highs.
No opposite signs.
H1 - Bullish trend pattern.
Until the two strong support zones hold I expect the price to move higher further after pullbacks.
EURGBP - Short after filling the imbalance ✅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. I see price to reject from bearish order block + institutional big figure 0.86000 after filling the imbalance.
Fundamental analysis: Tomorrow we have news on GBP, will be released yearly CPI. If the result is positive, it will support our analysis.
Like, comment and subscribe to be in touch with my content!
EURGBP POSSIBLE LONG SETUPEURGBP is bearish
and is currently retesting
weekly overall trend is bearish
daily is bullish
4hrs is bullish with entry confirmation
Lingrid | EURGBP Brekaout of the DOWNWARD channelThe market reached main support and it formed a range. Price could not update its lows. Instead it created a strong divergence at support level . As you can see it made impulse move down then rejected the support and made impulse move up. I expect the price goes to resistance and beakout of the channel. I think price may go to resistance level which is 50% of the bearish move. My goal is resistance at 0.85830
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURGBP Potential To DownsideZone still looks strong enough to be broken, price movement still allows for further decline.
However, if the area at the price zone 0.8567 is broken, there is a stronger possibility for bullish presence.
Trade Active with 1:3 RR ratio
high likely setup EURGBPthere is a high chance that price will reverse still not jumping on the trade until i feel the presence of the agressive sellers keeping an eye on it
EURGBP downside due to a large M FormationM Formation has been in the making since 19 August 2022.
The price then broke below the neckline, restested and is now showing a ton of downside to come.
We have other indicators showing bearishness.
200>21>7 (bearish)
RSI<50 (Lower highs)
Target -0.8200
SMC
(Buy Side Liquidity Order Block is clearly shown (green box)
Smart Money sells into positions (and sweeps liquidity) from traders who are short (get stopped) and for long traders who buy and enter into their trades.
EURGBP Analysis 9July2023if the price does not fall more than the SnD and can break the bearish trendline, then the trend collapse is confirmed and the pair is heading to a bullish trend. if you see a bullish candle and rejectioan in the form of a doji when the price touches the SnD, this is one indicator of a reversal.
EURGBP - Long active ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled the imbalance and mitigated the bullish order block.
Like, comment and subscribe to be in touch with my content!
EURGBP Long Term Trading IdeaHello Traders
In This Chart Forex ForecastEURGBP DAY By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
EURGBP LONG - POTENTIAL REVERSAL!Waiting for a retest of 0.85770 to long EURGBP back to 4H swing High at 0.86457
If you agree drop a like and if you have any questions leave a comment :)
DeGRAM | EURGBP trend continuation EURGBP is making higher lows and higher highs. The market broke and closed above the resistance that became support.
The market is pulling back to support and the fibo level, which is the confluence level.
We anticipate a pullback and continuation of the trend.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP 29June2023This pair looks like a reversal, with prices rising through the trendline and CHoCH occurring, it could be that now it is entering a correction period. if you measure the current wave c, it is the same as the length of wave a. there could be a correction a-b-c-d-e with the target D1 resistance area which is also in the fibo extension area of 1,618.
EURGBP: BUYS COMING INHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the EURGBP pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
20 Reasons For Buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The overall structure is bullish, but the current phase is corrective. The low has already been confirmed, and an impulsive move with significant volume and valid momentum candles indicates a potential breakout of the narrow range in the bullish direction.
2:📆Monthly: A sideways to bullish market is observed, with a confirmed low. However, this move also seems to have absorbed liquidity on the lower side. The presence of a doji formation at the end of the candle suggests the need for confirmation.
3:📅Weekly: The market is near the lowest level of the move, and the low has already been confirmed. The price action at this level is at a decision point for continuation or reversal. The strong reversal sentiment is indicated, especially by the consecutive inverted hammers this week, along with the gap-up opening.
4:🕛Daily: The recent price action shows more bullish candles compared to bearish candles in terms of size and count. The previous candle before the lowest point experienced significant volume, indicating profit booking. Today's pro-gap suggests overnight developments in this pair, so the closing of today's candle will provide a clear institutional blueprint.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: Pro-gap and medium strength closing are significant patterns to consider.
7: 3 Volume: Significant volume observed during sell-off or profit booking candles.
8: 4 Momentum UNCONVENTIONAL Rsi: A shift from bearish to sideways momentum is observed, along with a powerful 5-candle bullish divergence.
9: 5 Volatility measure Bollinger bands: The double bottom pattern at the middle band resistance holds significant importance. Waiting for further confirmation after a volatile move and the formation of this pattern suggests a potential short consolidation phase.
10: 6 Strength ADX: A fight between bulls and bears is ongoing, but bears seem to be weakening due to their long-standing battle to maintain their positions. Fresh and ready bulls can potentially take control from here.
11: 7 Sentiment ROC: Sentiment seems to be the only factor going against the price action and other indicators. Therefore, today's closing is crucial, and it is recommended to wait for the closing or filter the analysis in lower time frames.
✔️ Entry Time Frame: H1
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Extreme order block support
15: FIB: Activated and trendline breakout
☑️ Final comments: Open a buy entry at the breakout.
16: 💡Decision: Buy
17: 🚀Entry: 0.8580
18: ✋Stop Loss: 0.8514
19: 🎯Take Profit: 0.8758
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
EURGBP Bullish scenarioPrice was hit support line, and waiting to rejection by not hit the lowest price.
EURGBP Next Possible MovePair : EURGBP ( Euro / British Pound )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trendline and Retracement
Break of Structure
RSI - Divergence
S / R Level
Completed " 12345 " Impulsive Wave
EURGBP Bullish Bias!EUR-GBP broke the falling
Resistance line and while
Struggling, still is making
It's way up slowly so I
Think that we will see
A further move up !
EURGBP BUYAccording to my analysis of the eurgbp pair. There is a high probability of an ascending trend with the breach of the descending channel. And breaking the strong resistance at 0.85400. good luck for everbody
