EURGBP : Long Trade , 4hHello traders, we want to check the EURGBP chart. The price has reached the specified support level. We expect this level to stop the downward trend of the price. We expect the price to grow to around 0.85600. Good luck.
Eurgbpanalysis
EUR GBP SHORT Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Will 0.84 Provide Buying Opportunities??This pair is currently locked within a long-term range on the Monthly charts, spanning from 0.82 to 0.92. Our current path is leading us downwards, inching closer to the lower boundary of this range, which is setting the stage for nice buying opportunities.
We a Weekly BUY/DEMAND zone that was created in Aug last Year, starting at 0.845. Additionally, a weekly resistance level is identified at 0.84. Zooming into the daily charts we can see the target areas more clearly see image below
I will be waiting for a signal on the TRFX indicator within the 4-hour to 8-hour timeframes as we approach the 0.845 and go below. Stop loss will depend on the entry price of the trade.
As for target for this concept, the first target will be at the 0.865 resistance level. This area might also present an interesting opportunity for more selling as its a nice resistance area and will be the newly created Weekly SUPPLY/SELL area if we break 0.85, if selling comes in here again then we will likley be heading towards 0.82 bottom of range.
Should price successfully break the 0.865 resistance , then a climb towards 0.885 is on the cards . Then focus might shift towards the top of the range.
I will keep you posted on the idea as it progresses
Hope you enjoyed the read!
EURGBP LONG TERM BUYING IDEAHello Traders
In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EUGBP 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 VERY BEARISHhello traders honestly i did not find this my self it was idea of @VasilyTrader
after watching his video about eurgbp i decided to hop on the chart and i found that the price formed a head and shoulder with a broken retested neckline on the daily tf .
@VasilyTrader Latest video provides more signs that the price may be heading down i recommend everyone to go watch it for somegood educational content and extra convincing as he does analysis of the 4h tf and the 1hr .
i also recommend to drop a sub this guys content is gold and really helped my trading career forever grateful to him.
this is no ad trading view dont ban me pls thx
EURGBP LONG - ONE MORE LEG HIGHER!Waiting for a retest of 0.66230 to long EURGBP back to 4H swing high at 0.86847
If you agree drop a like and if you have any questions leave a comment :)
DeGRAM | EURGBP price deceleration EURGBP is approaching a major resistance level and dynamic resistance. The market dropped from this level twice.
Price broke out of the descending channel and started decelerating while approaching the resistance.
The market printed a bearish harmonic pattern, which adds more confluence to the level.
We anticipate a sell off and bearish move since price action in the consolidation phase.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP Analysis H1Here is my analysis for EURGBP on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP Analysis - Long SetupAnticipating higher prices on EG.
Looking for price to trend higher before a potential higher timeframe reversal/retracement. Will see how price forms on the lower timeframes near my entry level.
R2F
DeGRAM | EURGBP buying opportunityEURGBP is making higher lows and higher highs.
The market broke and closed above the psychological level of 0.86000 that became support.
Price printed engulfing candle at confluence level is an indication of the bulls dominance.
We anticipate a pullback to support and continue the trend.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP : Long Trade , 1hHello traders, we want to check the EURGBP chart. The price has broken a range zone to the top and hit the ceiling of the pullback range channel. We expect this level to play the role of a support level and maintain the upward trend of the price. We expect the price to grow around 0.86300. Good luck.
EURGBP - AMD Confirmation ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we can see the confirmation of AMD Pattern, as for the last couple of days price was in a range and now price manipulated buy side liquidity and rejected from bearish order block, so I expect the distribution lower.
Fundamental analysis: This week on Thursday will be released Bank Rate on GBP, which was forecasted to increase, this means strength in currency, so it will support our analysis.
Like, comment and subscribe to be in touch with my content!
EURGBP Buy IdeaStructure CHoCH on H2 Occurred. Market Induced Early Buyer to Build Internal Structure Liquidity. Lets Expect Price to Come to Tap Our POI Zone.
Wait for MSS (Market Structure Shift) on M5/M15
Then Enter!
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.
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
