EURGBP: Long Trade Explained EURGBP - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy EURGBP Entry - 0.8523 Stop - 0.8498 Take - 0.8567 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals113
EURGBP 23 May 2024 As you can see , market is in the very strong bearish trend and i believe that sellers will come come market again !Shortby wolf97433
EURGBPBUY on the theory markets ranges 70% of the time and BUY on the theory markets retraces HALF of the previous leg 90% of the time. Longby ComteSt.Germain2
New update on eurgbpA complete qml set up on sight. market shifting to take orders on the upside Longby Godzillaviews2
EURGBP - Falling Wedge Reversal PatternEURGBP 30Mint timeframe chart is in Downtrend and break Falling Wedge Reversal Pattern with Bullish Divergence. Hence I'm doing long by using FIB Retracement to find HL level which my anticipation is at 0.5 level of Fib and take entry with Buy Limit order with Stop Loss below at Last Lower Low level.Longby qasimtahir1
eurgbp is bearishEUR/GBP is breaking back inside a medium-term range after briefly breaching to the upside. The pair is extending its sideways trend and could fall all the way back down to the range lows. The UK Unemployment Rate climbed to 4.3% in the three months to March from 4.2%, as expected. The markets are largely pricing in the ECB rate cut as early as next month, with two possible further cuts this year.Shortby MtICHIUpdated 4
EURGBP Resistance Rejection ? 23.05.2024- Identified resistance in 15min chart of EURGBP - Strong potential for price decline if rejection by resistance holds - Strong potential for price rise if resistance is breached upward. - Implement risk management strategies _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Shortby BDSwiss_Academy2
EUR GBP IN A RANGE ZONEEURGBP is trading in a range for quite a while, currently taken a support from a key support area good buying opportunity with a short stop lossLongby kashif19994
EUR/GBP Day Trading Analysis With Volume Profile 📊On EUR/GBP , it's nice to see a strong sell-off from the price of 0.85370. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Daleby Trader_Dale2
EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical 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) Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________Shortby weekendanalystUpdated 6
Potential bullish bounce off pullback support?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.8499 1st Support: 0.8474 1st Resistance: 0.8531 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets12
EUR-GBP Long From Support! Buy! Hello,Traders! EUR-GBP fell down and The pair is locally oversold So as it is about to retest The horizontal support at Around 0.8500 we will be Expecting a local Bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals224
QmlWe posted this last week and hit the target but what's coming next is even way better.we will look for sniper entries to the upside only by Godzillaviews1
EURGBP rose uncharacteristically on FridayEUR/GBP rose unusually on Friday as risks of a broader conflict between Israel and Iran eased. In addition, it is seen that inflation will decrease sharply to the target level in the coming months, sending a dovish signal to the market. The bank needs to remain restrained in its policy stance. However, he echoed Ramsden's comments by saying that the committee is seeing signs of a downward shift in the persistent component of inflation dynamics. EUR/GBP appears to have found resistance around 0.8625 and has traded lower after the PMI data, even heading lower than the 200 SMA. A return to former channel resistance is potentially on the cards at 0.8578. Prices settled into the trading range as central bankers mulled incoming data and the prospect of a first rate cut appeared a fair distance away. Longer-term, the ECB is on track to cut rates in June, meaning sterling will extend its interest rate superiority and is likely to see the pair test familiar levels of support.by Xayah_tradingUpdated 2
EURGBP eyes support ahead of UK CPI printEURGBP initially began the year in a fairly well-defined trading range but showed bullish impetus after breaking out of the consolidation pattern. However, bullish momentum appeared lacking, as the pair struggled to maintain a steady directional move and has since shown a penchant towards mean reversion. 0.8635 proved too high to handle for the pair previously but the most recent bullish advance fell short of that, finding resistance around the 200-day simple moving average (SMA) before heading lower. The current spate of selling is showing signs of fatigue as the pair attempts to trade higher after four successive days of losses. The pair could find itself propped up by trendline support, which caught the bottoms in April and earlier on in May. Keep an eye out for UK CPI tomorrow where there is an expectation of a notable move lower from the prior month. With such optimism, comes the potential for disappointment if the actual data fails to reach the low levels anticipated which may see sterling lift in the moments after the print. April data has the potential to surprise to the upside as this is the month when annual price rises and index-linked increases are implemented. On the other side of the equation, if the CPI data prints inline or lower than consensus estimates, EURGBP may rise off support as markets clear the way for a Bank of England cut sooner rather than later. by Xayah_trading4
check the trend Considering that the support range has been broken, it is expected that the downward trend will start in the long term. If the price crosses the support range, the downward trend will continueby STPFOREX2
Market Analysis: EUR/GBP StrugglesMarket Analysis: EUR/GBP Struggles EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8565 pivot level. There is a connecting bearish trend line forming with resistance near 0.8540 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8590. The Euro traded below the 0.8565 and 0.8550 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8540 level and tested 0.8535. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near a connecting bearish trend line at 0.8540. It is close to the 23.6% Fib retracement level of the downward move from the 0.8588 swing high to the 0.8533 low. The next major resistance could be 0.8550. The 50% Fib retracement level of the downward move from the 0.8588 swing high to the 0.8533 low is also at 0.8550. A close above the 0.8550 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8565. Any more gains might send the pair toward the 0.8590 level. Immediate support sits near 0.8535. The next major support is near 0.8510. A downside break below the 0.8510 support might call for more downsides. In the stated case, the pair could drop toward the 0.8480 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen229
check the trend Considering that the support range has been broken, it is expected that the downward trend will start in the long term. If the price crosses the support range, the downward trend will continueby STPFOREX1
EURGBP LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran90Updated 111
EUR-GBPThe eurgbp pair is getting close to an extremely solid parallel support zone, where there is a good likelihood that it will move in a bullish direction similar to the last one. The price has confirmed my prediction over the past three to four times, and it is now heading toward the same area where there is a greater likelihood of a bullish move. Near the zone, we'll be searching for a reversal candle.Longby Dhareja7
EURGBP BUYThis market has been bearish for quite a while based on the daily TF. We could see a buying opportunity based on the 4HR TF showing a possible reversal chart pattern. Feel free to share your views.Long02:11by WiLLProsperForexUpdated 1
EURGBP - Trend Reversal Round the CornerSince May 14, 2024, the EUR/GBP pair has been in a downtrend, but recent technical indicators suggest a potential reversal. The price has formed a bullish divergence at a key support level on the daily trendline, accompanied by a double bottom pattern and the completion of an ABCD harmonic pattern with divergence at point D. This confluence of bullish signals—bullish divergence, double bottom, and ABCD pattern completion—indicates a high probability of a trend reversal. If the price breaks above the critical resistance level of 0.85498, it would confirm the bullish reversal and signal that bulls are gaining control of the market. Traders should monitor this level closely for confirmation.Longby AnalytixEdgeByQasimUpdated 3
✅EUR_GBP LONG FROM SUPPORT🚀 ✅EUR_GBP went down to retest a horizontal support of 0.8530 Which makes me locally bullish biased And I think that a move up From the level is to be expected Towards the target above at 0.8547 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx224