EURGBP - Bullish Descending TriangleTheoretically a bullish Reversal pattern but could indicate a strong bearish continuation if it fails.
Decreasing volatility as EUR news approaches could precede a powerful release of momentum
EURGBP trade ideas
Potential Long I can see the potential long position of this pair, as we see the price moving within the range and forming the bearish crab.
EURGBP buy, 2hrLast week EURGBP failed to buy. It fell to our support to get more momentum to push up. The support gave us three touches and went back up to the resistance at 0.84300 and crossed our neck line to confirm the double bottom. It then came back to retest the previous resistance making it a support to confirm the bullish momentum.
EURGBPhi everyone
here is major trend (H4)
from down trend,
and now the price break the resist !!!
so , i guessssssss this trend will change!
this is a basic technical analysis, but still work !
when we took a Long position.
the risk : reward so interesting
disclaimer
i just share what i see and what i know
do you own analysis
this is not a signal
be smart
thanksyou
EURGBP double bottom support and neckline breakEURGBP is taking double bottom support and breaked its resistance and is now on its support level
Possibility of uptrend Considering the behavior of the price in the resistance range and the resistance trend line, the continuation of the upward trend is likely. If the price crosses the previous floor, the continuation of the downward trend is likely
Bearish drop?EUR/GBP has reacted off the pivot and could potentially drop to the 1st support which is a pullback support.
Pivot: 0.84419
1st Support: 0.84164
1st Resistance: 0.84589
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EURGBP Potential Reversalwe can see a clear bearish channel has broken the trendline, a sign of reversal, bullish trend is likely to happen
Sweep, Break, Inducement.Expecting price to come back and sweep the last low(external liquidity), tap into my POI and continue to the upside (Bullish).
EUR/USD Short and EUR/GBP ShortEUR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/GBP Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EURGBPWe looking for short term sells while the markets are in an overall bullish momentum preparing those impulses to the upside after the correction
EUR-------GBP_-------shortTrend is making lower low and lower high after taking retracement from Fib 0.5 level trend continue its bearish trend
EURGBP FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024):
Intraday Sentiment: 48% bearish, 52% bullish
Daily Sentiment: 81% bearish, 19% bullish
Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP.
Upcoming Economic Events and Trading Recommendations:
Monday, July 29, 2024
10:30 AM ET - UK Mortgage Approvals
Expectation: 63.50 Thousand
Recommendation: Sell EUR/GBP
12:00 PM ET - UK CBI Distributive Trades
Expectation: Retail Sales MoM at 0.40%
Recommendation: Buy EUR/GBP
Tuesday, July 30, 2024
07:30 AM ET - France GDP Growth Rate QoQ (Preliminary)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Mixed Bias
10:00 AM ET - Germany GDP Growth Rate QoQ (Flash)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Sell EUR/GBP
01:00 PM ET - Spain Business Confidence
Expectation: 3.00 points
Recommendation: Buy EUR/GBP
02:00 PM ET - Germany Inflation Rate YoY (Preliminary)
Expectation: 0.30%
Recommendation: Mixed Bias
Wednesday, July 31, 2024
08:45 AM ET - France Inflation Rate MoM
Expectation: -0.60%
Recommendation: Mixed Bias
09:55 AM ET - Germany Unemployment Rate
Expectation: 5.90%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Inflation Rate MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
Thursday, August 01, 2024
08:00 AM ET - UK Nationwide Housing Prices MoM
Expectation: 0.4% increase vs. 0.1% market expectation
Recommendation: Sell EUR/GBP
09:15 AM ET - Spain HCOB Manufacturing PMI
Expectation: 53.30 points
Recommendation: Buy EUR/GBP
09:45 AM ET - Italy HCOB Manufacturing PMI
Expectation: 49.50 points
Recommendation: Buy EUR/GBP
09:50 AM ET - France HCOB Manufacturing PMI Final
Expectation: 48.80 points
Recommendation: Sell EUR/GBP
09:55 AM ET - Germany HCOB Manufacturing PMI Final
Expectation: 49.40 points
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Unemployment Rate
Expectation: 7.20%
Recommendation: Sell EUR/GBP
10:30 AM ET - UK S&P Global Manufacturing PMI Final
Expectation: 51.90 points
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Unemployment Rate
Expectation: 6.90%
Recommendation: Sell EUR/GBP
01:00 PM ET - UK BoE Interest Rate Decision
Expectation: 5.00%
Recommendation: Sell EUR/GBP
Friday, August 02, 2024
08:45 AM ET - France Industrial Production MoM
Expectation: 0.90%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain Unemployment Change
Expectation: 10.00 Thousand
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Industrial Production MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
11:00 AM ET - Italy Retail Sales MoM
Expectation: -0.60%
Recommendation: Buy EUR/GBP
EURGBP The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8428
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8418
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURGBP Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8444
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8419
My Stop Loss - 0.8462
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURGBP - All set for a bullish breakout from falling wedgeEURGBP seems to be on course for a bullish break out from falling wedge pattern on daily time frame. The formation of bullish divergence of MACD lends further strength to bullish forecast for coming days.
EUR/GBP Forex Pair Analysis: Key Levels and Market Insights✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the EUR/GBP pair in the Forex market.
🗂 About the Pair:
EUR/GBP represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic policies, political events, and market sentiment in the Eurozone and the United Kingdom.
📅Weekly Timeframe
In this timeframe, EUR/GBP has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, EUR/GBP is at a support level of around 0.8383 after a correction phase.
📈 If EUR/GBP stabilizes above 0.8515, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.8759. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if EUR/GBP falls back into the range between 0.8383 and 0.8515, and stabilizes below 0.8383, it indicates a bearish trend continuation. The next critical support level would be around 0.8246.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅Daily Timeframe
🔍 On the daily chart, EUR/GBP ranged around the 0.8497 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.8437.
🧲 Given the current setup, a stabilization below 0.8437 could signal another bearish wave. On the flip side, if the price moves above 0.8497, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅4-Hour Timeframe
📈 In the 4-hour timeframe, EUR/GBP has pulled back to the SMA99 and reached the resistance at 0.8497. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are 0.8497 and 0.8531, where price reactions could provide better entry points. For long positions, critical levels are 0.8437 and 0.8388.
RSI Oscillator
💥 The RSI is currently ranging between 41.44 and 50.42 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84600 support and resistance area.
Trade safe, Joe.
EURGBP: Breakout & Demand Zone↪️The 📉EURGBP successfully broke and closed above a strong daily resistance cluster and a significant downtrend line.
This has created an expanding area of demand. I anticipate a bullish movement starting from the highlighted blue zone with a target of 0.8458.
DeGRAM | EURGBP trend line breakoutEURGBP is moving in a descending channel above the trend lines.
The chart broke the trend line and resistance level and reached the 38.2% retracement level.
We expect the rebound to continue after consolidation above the resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP FOREX PAIR 1H TIME FRAME DAT 7/26/2024
I am planning to increase my buy positions within 50% of the current range that has recently formed. I anticipate a potential breakout to the upside and a subsequent markup phase, making additional buys more sensible under the current conditions. Alternatively, if you prefer a swing trading approach, it may be prudent to wait for a more definitive sell signal.
Short-term, we have entered a correction phase for EUR/GBP. Invalidation points are minor at this stage. The target for leg A is the point of control. Moving forward, we should monitor sentiment, fundamentals, and COT data to refine our strategy and gain a better edge
