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...
SELL STOP at the given price with SL and TP. We will update the trade later.Just watch an eye over it. The impulse wave is downward.You can go to multiple timeframe(D,W,M) to observe it.We expect one more drop before going up.The Sell stop trade can also get cancelled if we go our new high.We will update the sell trade later. Fundamental Reason: Crowd are buying...
If the price fluctuates below the current resistance range, it is expected that the continuation of the downward trend will be created by breaking the support range. If it stabilizes above the resistance range, the above scenario will be invalid
My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8553 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8545 About Used Indicators: The pivot point itself is...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. EURGBP TREND-FOLLOWING. 📚 👉As we can see price is still and clearly overall bullish from a medium-term perspective, trading inside this rising broadening wedge pattern. 👉Meanwhile, price is sitting around our lower rising...
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Good Demand Area Price break previous structure Waiting for confirmation before taking long
The EURGBP is currently experiencing a downtrend and exhibiting a Bearish rectangle pattern. In such circumstances, we may consider initiating a short position (Sell Stop) as the price breaks out from the bottom of the rectangle. Additionally, given the recent behaviour where buyers attempted to drive the price up over the past four candles, there's also a chance...
with bullish divergence and the pair is ready to start a bull run, sideway market can be seen for some time but eventually, it will start a bullish run
It couldn't be clearer! If you identify yourself with the operation it becomes part of you (don't forget it)... A trader always waits for the market to come to him, not for him to chase the market. We must take advantage of the opportunities it gives us (sales). Keep it Simple! If you liked it, don't forget to follow me! :)
Hello fellow traders It looks like a good time to buy EURGBP because the trend is going up. Just remember to keep an eye on the market in case things change. Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down. If you like my analysis don't forget to like and follow :)
After a down trend the bulls have shown sign of strenght and make divergence on RSI accompanied by falling wedge pattern shows that bulls are ready to charge.
Hello Everyone, Short-term prospects suggest selling EUR/GBP, while long-term prospects indicate buying. The monthly support level is anticipated to provide stability and shift the overall momentum in the market. TradeWithTheTrend3344
This chart shows EURGBP in Bearish Trend with Bearish Flag with EP, SL and TP 1 & 2.
EURGBP has been trading in a strong Bearish Trend, printing new LLs and LHs. Following Bullish Divergence on the 1 Hour TimeFrame, a strong Double Bottom Pattern has emerged, hinting potential reversal to a Bullish Trend. If a breakout of the neckline at the 0.85574 level is seen, price can potentially move close to the 0.86170 level. Trade Plan: Long Entry:...
A #long trade opportunity recently presented itself on the #europound (#EURGBP) #trading chart 📈. This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 0.85253 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURGBP has been trading in a strong Bearish Trend, having formed a Bearish Flag Pattern which further confirms the continuation of the downward trend. If the price breaks through the 0.85246 level, it is projected to move close to 0.84590. Trade Call: Short Entry: 0.85246 SL: 0.85573 TP1: 0.84920 TP2: 0.84590