EURGBP Long Term Outlook UpdateEURGBP still remains above 0.8300 level I called out a while back which is a significant confirmation that the height of the panic selling during the Russia situation couldn't break this level giving us good support. Euro has not managed to make any significant move up either so it's likely we'll be trading sideways for a while so buy low and sell high.
Eurgbpanalysis
EUR/GBP NEED TO PULLBACK THEN SELL
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EURGBP are we setting up for a reversal?Hi Traders,
EURGBP is setting up for a bullish reversal as price is moving within a LTF descending channel at the bottom of the HTF boundary. Wait for a Reversal Impulse and continuation before placing a buy order.
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EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBP - 1M/1DAnother GBP pair that is looking really interesting where price seems like has broken a super strong monthly support, so if daily manage to stay and close below 0.8300 that works as point zero of this monthly support and bottom of the daily broken structure we might see a possible big drop of atleast 200 pips!
EurGbp may have found the bottomSince the beginning of 2022, EurGbp has tried to drop under 0.83 on 5 occasions and each time reversed.
A bottom can be in place for this pair and a rally to 0.85 resistance can follow.
In my opinion, dips should be bought with that target in mind and only a clear break under 0.83 would change my bullish opinion
Long EURGBPPrice has reached a significant support zone which has been respected since 2016 and rejects from this zone 6 times in the daily chart . The Stoch shows oversold in the 1hr, 4hr and daily chart . I'll be waiting form the main & signal line in the Stoch to cross whilst oversold and price is at the key area to place a buy. My prediction is that price is going to long towards 0.84000 (previous major swing high).
EURGBP on a Wyckoff point of viewHi Traders,
This is my view on EURGBP using Wyckoff method… what do you think?
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
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Wait for a Reversal Impulse to go long!Hi Traders,
Looking at the HTF we are coming approaching the bottom boundary of a Bullish Continuation structure. Price is moving within a descending channel with a potential double bottom that could add confluence to this set up. I will be watching out for a strong Reversal Impulse with a LTF correction for a buy opportunity.
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Good luck!