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Eur-gbp

EURGBP Near a buy break-out signalThe EURGBP pair is testing the top (Lower Highs trend-line) of a short-term Channel Down inside a 1 year Channel Up pattern. The previous two such patterns gave a buy signal when a 1D candle close above them. If that happens, we will buy and target Resistance 1 (0.89800). Our trading plan involves selling at the top of the Channel Up (Higher Highs trend-line) if a 1D candle closes below it and target 0.88000 (the 1D MA200) and buy if a 1D candle closes above it (target Resistance 2 at 0.92800). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURGBP Outlook 21 April 2023The EURGBP trades within an ascending triangle toward the 0.8824 resistance level. This upward move follows the rejection of the 50% Fibonacci retracement level from the longer-term upward move. Look for a breakout to the upside with the price needing to trade beyond the 0.8830 price level which coincides with the 50% Fibonacci retracement level from the recent downward move. A breakout to the upside could be driven by further weakness in the GBPUSD, which could see the EURGBP retest the key resistance level of 0.8860.
Long
by JinDao_Tai
EURGBP: Preparing a strong rebound.The EURGBP pair is currently on the 1D MA50, trading inside a long term Channel Up for more than 1 year. The 1D technicals are neutral (RSi = 51.179, MACD = 0.000, ADX = 27.770) meaning that this level is gradually turning into a buy opportunity inside the Channel Up. Every rally made at least a 5.00% rise, so we are targeting the top of the Channel (TP = 0.91250). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
4
EurGbp SmC Setupfollo the levels EUR/GBP bears are back in the race during early Monday as the quote drops to 0.8845 amid the initial hours of the European session, after being absent in the last four days. In doing so, the cross-currency pair retreats from a three-week high while snapping a four-day winning streak. That said, a downward-sloping resistance line from early February, around 0.8860 by the press time, triggers the latest pullback in the EUR/GBP prices. However, the pair’s downside appears limited as the 50-DMA level of 0.8823 puts a short-term floor under the price. Following that, a fortnight-long ascending support line near 0.8790 can check the EUR/GBP bears before directing them to the key trend line support stretched from December 19, 2022, around 0.8730 at the latest.
Short
by KaniSivan
EURGBP | Bullish Signal!Based on the current market analysis, it appears that EURGBP is showing a potential bullish signal. The Average True Range (ATR) is currently positive, indicating that the market is experiencing volatility, which can provide opportunities for traders to profit. In addition, the Moving Average (MA) and other Technical Analysis (TA) tools suggest that the pair has a potential upward momentum. These technical indicators can be used as supporting evidence to confirm the bullish sentiment for EURGBP. Overall, the positive ATR, along with the bullish signals from MA and TA, indicate that there may be an opportunity to profit from a long position in EURGBP. However, it is important to always be aware of the risks involved in trading and to use appropriate risk management strategies.
Long
by percifying
EURGBP Bullish signalEURGBP is trading inside a Triangle with its bottom being Support (1). This Support held on April 4th and the pair is rebounding. Today's pullback gives another buy opportunity. Trading Plan: 1. Buy for as long as the price is closing over Support (1). Targets: 1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's previous Highs broke over a Fibonacci level. Tips: 1. The RSI (1d) is under a 2 month Falling Support. Keep an eye for the long term. A crossing over it, may signal a long term bullish breakout over the Triangle. Please like, follow and comment!!
Long
by TradingBrokersView
5
EURGBP can move higher 🦐EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved above a weekly structure and retest it a few times. Is also interesting to see how the weekly structures lays exactly over the 0.618 Fibonacci area and the 0.5 is a 4h resistance. I will wait for a potential break of the structure and IF the price will break above i will set a nice long order according to the Plancton's strategy rules.
by InkyGrip
4
Levels discussed during the webinar 21st March21st March (might not be alot of trading opportunities) DXY consolidating possible breakout down to 103 NZDUSD: too late, no trade AUDUSD: buy above 0.67 SL 20 TP 20 (small trade) USDJPY: break 131.50 SL 40 TP 80 GBPUSD: retrace down to 1.22 EURUSD: likely to up to 1.0760 but not great RR trade USDCHF: sell below 0.9280 SL 20 TP 40 USDCAD: watch video for the setup with upside & downside potential GBPJPY: buy from bounce of support 159.00 SL 50 TP 300 GOLD: retest of support, look for buying potential
TVC:DXY
by JinDao_Tai
1