The current buy zone for EURGBP is at 0.86115, indicating a favorable entry point for traders looking to capitalize on potential gains. With three take-profit levels set at 0.86300, 0.86600, and 0.86800, there's a strategic plan in place to secure profits at various price levels as the trade progresses. These take-profit targets allow for a systematic approach to...
OANDA:EURGBP This is what I call " the price has moved too far too fast" and formed a sharp peak, I doubt that further upward movement is sustainable. I'am expecting a gradual, smooth landing on the support.
Idea not advice Held zone through Asia and London Change of structure Probably needs juice if it wants to push downside Higher time frame bullish Godspeed in your trading y'all.
This pair has been in consolidation within a Wyckoff Redistribution. The Upthrust After Distribution (UTAD) has occurred and the markdown of price may be in progress. This idea is for a short as follows. 1. Enter - .8560 2. Stop - outside consolidation .8600 3. Target - the horizontal resistance 1 ( .8500) near term and longer term the next area of resistance...
EUR/GBP buy forecast. We have all the confirmations to start looking for long position
EURGBP has recently bounced from a major support level on the 4-hour timeframe, with the RSI indicator confirming oversold conditions. Additionally, COT data indicates a significant number of financial institutions holding short positions on the GBP. All signs point to a potential bullish trend for the EURO. 📉 Expectations: We anticipate the pair to re-test key...
Hello - Just sharing an idea for EURGBP Next week - I believe it will reach the FVG on the 15min chart before making its decision to bearish back to the support line (retesting) or a fairly large bull run following that.
Hi traders, we can see the structure of EG rallied upwards from a demand area where it rejected off well. It continued bullish with a HH & HL structure which might tend to continue. At the current level I expect to get continuous rejections to confirm the LONG trade. Don't rush into impulsive trades, wait for price to come at significant/psychological level in...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85600 support and resistance zone. Trade safe, Joe.
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block. Like, comment and subscribe to be in touch with my...
1- Bullish trending pattern. 2- 50% Fibonacci retracement. 3- Strong bullish candle. 4- Hidden Divergence on MACD indicator. (suggesting a move UP) Trade plan as shown on the chart.
EUR/GBP Fundamental and Technical Analysis The EUR/GBP pair experienced a bout of volatility following the release of mixed UK PMI data on Tuesday. The market’s reaction was a blend of anticipation and caution as investors digested the implications of the economic indicators. Mixed Signals from the UK The UK’s Purchasing Managers’ Index (PMI) data presented a...
Hello,Traders! EUR-GBP is going down Now but a strong horizontal Support is ahead at 0.8579 So after the retest we think The pair will make a rebound And will go up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Pair: OANDA:EURGBP Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand...
First thing I did was identify the trend. The market is clearly locally in a downtrend, so I was looking for a short today. The next step was to wait for New York's Initial Balance (NY IB) to form. (The NY IB is the high and low of the first hour of NYs open.) Once the IB is formed we wait to see how price interacts with it in order to make an educated...
EURGBP has returned to the ascending channel. The AB=CD pattern has worked out a reversal of the movement. The chart reached the resistance level. We think that the price may correct to the support, which coincides with the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.85856 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.85999 Why we like it: There is a pullback resistance...