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Erugbp

⚡️Strifor || EURUSD-NFP❗️Preferred direction: SELL Comment: The long scenario worked out quite quickly, and now before the NFP , most likely you need to count on selling. The market quite sharply rushed into sales due to which it was possible to recover to local highs. For NFP , I will highlight two scenarios, the difference between the first and the second is that in the second it is assumed that the movement will first move down, and then grow with the aim of updating the maximum just above the level of 1.09000 . The target for selling can be located near the level of 1.08000 . Thank you for like and share your views!
Short
by Viktor_strifor_analyst
1
TradePlus-Fx|EURUSD: new plan💬 Description: The evening trading idea for the Euro has undergone some changes, and now it is probably best to look at selling again. Pressing towards the daily support level of 1.05194 will most likely implement sellers’ immediate plans to eliminate buyers’ stop losses, which are located below this level. There is a good target ahead for implementing the expected downward movement, namely the support area at the level of 1.04400. 🔔 FX CALENDAR TODAY 🔔 🇪🇺Current Account 🇺🇸Initial Jobless Claims 🇺🇸Philadelphia Fed Manufacturing Index 🇨🇦PPI 🇺🇸Existing Home Sales 🇺🇸Fed Chair Powell Speaks ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
29
EURGBP Is Bouncing From Multiyear SupportEURGBP is bouncing from multiyear support and cyclically speaking, we may see a recovery at least back to the upper side of a range. EURGBP hits multiyear support and it’s trying to wake up away from the lower side of the range. Even if the price will stay sideways, it can rally back to the upper side of a range, especially if we consider monthly cycles. Looking at the daily chart, from Elliott wave perspective we can see a nice bullish setup formation with a leading diagonal into wave (A)/(1), followed by a three-wave correction in wave (B)/(2). So, respecting the wave structure seems like a wave (C) or (3) is now in progress, which can send the price to the upper side of a range, at least for wave (C) towards 0.88 – 0.90 area, if not even higher within wave (3). Keep in mind that either its (C) or (3), in both cases we need five sub waves up (black letters), thus it’s room for more gains in the short-term. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
2
📈GBPUSD 08/10/2022: stay in balance❗️📈 Priority direction: Up . 📝 Description: The currency pair continues to be inside the balance of 1.20652 - 1.22936 and will most likely go to its upper border now. The condition for a long trade is a breakout of the resistance line within this range. The implementation of this scenario will allow the instrument to resume a confident uptrend in the medium term. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
Long
by Market-Mentor
1
EURGBP : Part 1 weekly price action This is a EURGBP chart. In this, the major trend is up. in history, the price has given 4 times of respect to the major trend. on 29 December price is making a new high, sellers are entering on this signal breaking the major trendline and by making an excess price from 78.6 % of the level is going high. here supply gets converted to demands and the intermediate trend is having a breakout. at the moment, the price is consolidating at 38.2 % of the level. but it's unable to break this level. price is going up and making a level. I have named it a Hammering door. price is trying to break this but it is not happening, but now it could be possible because the price is continuously knocking on the hammering door. In this continuous manner, it is trying to knock on the door with volume, resulting in a broken door. price is making a new high but by getting selling pressure, it is going downwards to the consolidation area. Finding a relationship between major and intermediate trends of the consolidated area, this consolidated price has broken the intermediate trend which would act as resistance. relation with the major trend line, the consolidated price is pushing up with volume. Now, the current price of the support and resistance level of 23.6 %. It was a support level earlier but now acting as a resistance level. We can spot the price rejection by noticing the wick.
by supreme_bull
3