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...
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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
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
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 :)
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! :)
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.
EURGBP is in bearish trend, making lower lows and lower highs but now divergence is creating. it is most likely it will change the trend after breaking lower high.
Considering the behavior of the price in the current support range, it is expected that after some fluctuation and bottoming, a trend change will be formed and we will see the beginning of the upward trend. If the price crosses the support range, it will be a sign to continue the downward trend.
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...
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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
*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.
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.
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️