A bearish AB=CD pattern is the opposite of its bullish counterpart. It typically forms during an uptrend and signals a potential reversal to the downside. The pattern consists of four price points, forming specific geometric shapes, where the CD leg retraces a specific Fibonacci ratio of the AB leg. Traders look for this pattern as a signal to potentially enter...
Confluences that indicate that EURGBP will be bearish till the rest of the week 1. the wk fvg has been mitigated 2. break of structure with the Change in the state of price delivery 3. retest on the Mean threshold of the Bearish order-block 4. 0.702 fib retracement level coincides with the mean threshold 5. liquidity pool below the market structure 6. an old swing...
EUR/GBP, it's nice to see a strong buying reaction at the price of 0.85860. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the...
Hello Traders, I hope you doing great. for upcoming week, we'll have two option. The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell. if this post was helpful to you, please like and share.
The buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out Potential Trade Opportunity: Currency Pair: EUR/GBP Position: long Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 0.85931 Stop Loss:...
EURGBP - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. A lower correction is expected. Preferred trade is to buy on dips. Bespoke support is located at 0.8565. We look to Buy at 0.8565 (stop at 0.8545) Our profit targets will be 0.8615 and 0.8625 Resistance: 0.8595 / 0.8610 / 0.8625 Support: 0.8565 /...
A harmonics pattern has formed in EURGBP in the presence of divergence which indicates a likely trend reversal.
EURGBP - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURGBP Entry - 0.8584 Stop - 0.8600 Take - 0.8558 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The current situation in the EUR/GBP market indicates a notable demand zone, primarily centered around the 0.85800 level. This zone suggests a significant level of buying interest or support for the euro relative to the British pound. Additionally, there are notable demand levels at 0.85600, 0.85200, and 0.85000, further indicating areas where buyers are actively...
Please, check our technical outlook for EURGBP. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.857. The above observations make me that the market will inevitably achieve 0.860 level. P.S We determine oversold/overbought condition with RSI...
Our pivot point is at 0.8568. Our preference Our next up target stands at 0.8600. Alternative scenario Below 0.8568, expect 0.8556 and 0.8549. Comment The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20...
My Dear Robbers / Traders, This is our master plan to Heist Bearish side of EURGBP BANK based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish...
EURGBP has broken the descending trendline. Its is out of the consolidation zone. A bullish divergence could also be observed, therefore going Long on EURGBP
EUR/GBP is breaking back inside a medium-term range after briefly breaching to the upside. The pair is extending its sideways trend and could fall all the way back down to the range lows. The UK Unemployment Rate climbed to 4.3% in the three months to March from 4.2%, as expected. The markets are largely pricing in the ECB rate cut as early as next month, with...
On the daily chart, EURGBP formed an insidebar break, and the short-term market downward analysis is too large. At present, short selling can be considered near 0.8600, and the support below will be focused on the 0.8530-0.8560 area.
EURGBP is playing in range after making a bearish divergence. If price break the trendline and make a new LL and LH, then short EURGBP. Wait for new LH or set a precise entry by using Fib tool. Set the previous LH as stop loss and set the tp1 and tp2 with rsik reward ratio 1:1 and 1:2.
According to the behavior of the price in the current support range, possible scenarios have been identified. In both scenarios, it is expected that the upward trend will continue.