EURGBP 1H TIME FRAME DATE 7/21/2024I will be looking for bearish continuation play.
i am bearish on euro pound
template is valid but many things is not given
enter model is not giving we need more price action
next update next weekend
EURGBP trade ideas
EURGBP - CounterTrend TradeEURGBP was bearish overall. However, recent bullish divergence with break of previous lower high could give a good buy opportunity. Keeping in mind that betting against the trend is risky.
EURGBP - Bullish Case of MACD Divergence and Butterfly PattersEURGBP is exhibiting bullish tendencies as it had bounced off from the base of harmonic butterfly pattern and also formed bullish divergence on MACD scale. Both lines on MACD are entrenched above the zero line indicating bullish scenario in short term.
EG likely see more downside to come!
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
More downside?To me seems likely.
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Sell EURGBP?!?Hello traders!! I took a while looking at this trade. This is a pretty nice sell lets dive deep into it.
We have a clear level that has been holding price pretty nice.
taking it further to 1H we can see that we broke this trendline and that level. Another thing we are about to break is the 50EMA.
I usually aim for 2.5 R and 2 trades a week
EURGBP Bearish CypherEURGBP is in a Bearish Trend, with price below the 200 MAV.
A recent consolidation may be suggestive of a Cypher Harmonic, with the CD leg
underway. Momentum confirms a bullish divergence. The target is .786 retracement of the XA leg at .8460.
From there the downtrend continues with the next impulse to .8310.
EURGBP Buy IdeaOANDA:EURGBP has broken the last Lower High indicating an inception of new bullish trend. Currently, It's trading at support level which previously acted as a strong resistance. We can look for buying opportunities at premium fib levels of 38-50%
EUR-GBP Risky Short! Sell!
Hello,Traders!
EUR-GBP is trading in a
Downtrend and was making
A local bullish correction
However, the pair will soon
Hit a local horizontal
Resistance level of 0.8440
From where we will be
Expecting a further
Move down
Sell!
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Break and retest set up
Reasons I Favor This Trade:
- Aligns with daily/weekly trends
- Located in a strong retest zone
- Involves a 100 EMA retest, which I prefer
- Awaiting an entry point
- Market performance suggests that sellers have the upper hand
EUR_GBP RESISTANCE CLUSTER|SHORT|
✅EUR_GBP is making a
Bullish rebound while
Trading in a downtrend so
We are still bearish baised
And after the pair hits the
Resistance cluster around 0.8440
Will will be expecting a
Further move down
SHORT🔥
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EURGBP LONGEURGBP is in bullish trend after making double bottom, there is no divergence so it is likely continue up trend.
EUR/GBP trading ideaSo we can see that the price has already reversed of the green zone on the chart already. What I am looking for now is for the price to do that thing again and wait for the price to hit the green zone to go long than with a stop loss level just below the level for the chance that we do see a break of the level.
EURGBP Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The instrument tests an important psychological level 0.8393
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8420
Recommended Stop Loss - 0.8373
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURGBP Bullish Momentum 4H TF (Div, Dow,BOS,Trend Break)EURGBP showing bullish momentum supported by 4H bullish divergence. Price actions shows DOW HH and HL setup with BOS (Break of Structure) also supported by break of falling trendline. Entry is placed 15 pips above previous LH and TP at 1:1 R:R at FIB 78.6%. What do you think, will this setup work?
Note: If you are not comfortable with TP at FIB level 78.6%, you can do TP at 61.80%.
EURGBP is BullishPrice has been in a downtrend for quite some time, however a big bullish RSI divergence has appeared on the four hourly time frame, indicating that bulls might be in control of the price action. Previous lower high is broken, and if the momentum sustains we can expect a bullish rally as per the Dow theory.
Bullish EurGbpCurrently trading at dynamic resistance. Descending trendline observed waiting for break of trendline to the topside for bull orders
Uptrend The price is expected to stabilize above the current support range and then the start of an uptrend.
EURGBP TO MAKE A MASSIVE SELL!!!Ahead of uk retail sales report coming up soon, price currently trades at 0.84155. We May experience a massive drop In price from the current market price.
EURGBP Trade Setup following ECB Interest Rate Decision.Taking a look at the daily tf, price action closed above the last candle where we saw strong rejection following a retest of the descending support.
Today the ECB also left interest rates unchanged at 4.25%.
Even though this is a low risk to reward setup, I believe it has a good chance of becoming a winning trade.
EURGBP Long 1HThe EUR/GBP currency pair is showing bullish momentum on the 1-hour time frame and is forming a mature bullish divergence. Additionally, there is a clear continuation pattern visible, suggesting the uptrend is likely to persist.
EURGBP could continue lower, but perhaps not immediatelyThe European Central Bank (‘the ECB’) left its main rates on hold on 18 July as widely expected. Although participants seem to be expecting one or two more cuts before the end of the year, the central bank itself doesn’t have a clear intention for September’s meeting. The main reason for the ECB’s reservation is that isn’t not clear yet whether inflation is declining quickly enough to justify further cuts when, at least for now, growth isn’t a major concern.
Relative to a major pair, euro-pound has been in a fairly consistent downtrend since late April and touched 10-month lows below 84p on 14 July. As for cable, though, immediate continuation is questionable due to the oversold signal from the slow stochastic. This indicator recently completed a crossover of the main line above the signal line within oversold, suggesting a bounce. ATR has also declined significantly since the middle of last month.
Probably the most important data next week for EURGBP are Wednesday’s German consumer confidence and PMIs. In the absence of any very major releases until national and eurozone-wide GDP on 30 July, the overall downtrend might continue after a possible short-term bounce.
This is my personal opinion which does not reflect the opinion of Exness. This is not a recommendation to trade.
