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Eur-gbp

Short position for EURGBP + daily resistanceThe orange line is a daily resistance that I use a long time ago. As we can see RSI already crossed the 50, after a overbought zone, together with MACD we can see after the RSI change the direction MACD had crossed the signal line and also changed it. And joining these indicators we've the BB where the candles had already crossed the MA, and the BB lower line is moving away from upper line, showing us a great continuation of the downtrend Analysis of the 4H time-frame is the same, all the indicators are moving in the same direction as 1H tf
Short
by AFCapital21
💶💷EUR/GBP Still Rising💶💷💶💷EUR/GBP Still Rising 💶💷My outlook on EUR/GBP has not changed at all. 💶💷As I perfectly predicted in the previous post the possibility of rises: 💶💷I still believe that the resistance zone marked on the chart is within a few days/weeks range 💶💷The technical environment is very much supportive of an upward perspective. Looking at the fact that we are above the 50 and 200 moving averages and the MACD and RSI are generating pro-growth signals. I have no doubts about the higher probability of upside. 💶💷The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💷*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
EURGBP Resistance test. Aiming higher as planned.The EURGBP pair hit today the 0.88315 Resistance (November 09 High) after recently breaking above the 1D MA50 (blue trend-line). On our last analysis almost 2 months ago (October 29), we talked about this long term buy opportunity either on the 1D MA200 (orange trend-line) or the 1D RSI Support Zone: Both conditions were met, so if you got positioned then, you may book the short-term profit now and re-buy if/ when the price breaks above the Resistance. The long-term pattern remains a Bullish Megaphone since the March 07 Low. As previously mentioned, since the previous Higher Highs were made after breaking the 1.5 and 2.5 Fibonacci extension levels respectively, we can assume that the next one will be on the same progression, i.e. the Fib 3.5, which is currently at 0.92835. This is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
UK already in recession? EUR/GBP to further advance higher? Daily Insight UK already 3 months deep into recession; EUR/GBP to hold recent gains? Latest GDP data from the UK indicated that the UK fell deeper into a recession during the last 3 months while year on year GDP fell -52.5% TECHNICAL COMMENTARY EUR / GBP : the EUR has gained +4.5% against the GBP year to date and +1.3% during the last 30 days Current price seems to be holding onto recent gains made over the last 5 trading sessions; the break above the its 50 day moving average at 0.8660 could be seen as keeping further upside prospects intact; key resistance spotted near 0.8830 (November 9th high) which if cleared places the 0.8970s in sight ( 38.2% retracement from the 13 week high), downside risk seen near 0.8660 (see chart ). Not investment advice. Past performance is not indicative of future results.
Long
by Skilling
💶💷EUR/GBP Heading North💶💷💶💷EUR/GBP Heading North. 💶💷After the huge rise that took place on 15 December. 💶💷EUR/GBP steadily holding around the 0.236 level of the entire downward wave. 💶💷The nearest resistance is around the 0.382 level of the entire downward wave. 💶💷Support zone remains around the last bottom 💶💷Looking at the technical environment MACD, RSI and the fact that we are above the moving averages. I have no doubts about the continuation of the upward movement. 💶💷The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
EURGBP a bounce over the support? 🦐EURGBP on the 4h chart has tested a few times the weekly support. The price is trading below a descending trendline and according to Plancton's strategy IF the price will break below we will set a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
InvestMate|EUR/GBP Continuation Of Declines Looming💶💷💶💷EUR/GBP Continuation Of Declines Looming 💶💷Post is a direct continuation of my previous post in which I announced the continuation of the declines on EUR/GBP: 💶💷As you can see, it didn't take long for any reaction to confirm the continuation of the declines. 💶💷Today's movement exceptionally confirmed my assumptions. 💶💷The first support zone ahead of us was determined by a cluster of two fibo levels. The first is 0.236 of the downward wave from the peak of 2020 to 2022 bottom. The second level is 0.382 of the upward wave from the 2015 bottom to the 2020 peak. 💶💷There is one more zone below this zone which I think will be the target over the months. The first level with which it was determined is 0.886 of the upward wave from the bottom 0.4.03.2022 to the peak 22.09.2022. The second level is 0.5 of the downward wave from the peak 2008 to the bottom 2015. 💶💷The scenario I'm playing out is a continuation of the declines, respecting support zones along the way. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description. 💶💷*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
12
EUR/GBP No chance for growth💶💷💶💷EUR/GBP No chance for growth. 💶💷As I have written many times before, my opinion remains unchanged, I still believe that we are in for declines on the EUR/GBP pair. 💶💷Link to previous posts: 💶💷I am again bringing you an Update to give you my perspective and current thoughts. 💶💷The chart has been updated with new support and resistance levels. 💶💷 Let's start with the resistance level we are at. 💶💷It was determined by a cluster of fibo levels. The first is the 0.618 level of the entire upward wave from bottom to top, the second is the 0.786 level of the entire recent upward correction. As you can see, the price has repeatedly found either resistance or support at these points. 💶💷 There are support zones ahead in the south direction. 💶💷The first one was determined by the 1.272 level of the entire upward correction and we can see that the price has paid attention to this price level in the past. 💶💷The second was determined from a cluster of levels. The first is the 0.786 level of the entire bottom-to-peak wave and the second is the outer level of 1.618 of the last upward correction. 💶💷The scenario I am playing out is a continuation of declines to support zones with the possibility of corrections along the way. If the perspective would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💷*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
21
EURGBP on a break 🦐EURGBP on the 4h chart after the expected drop tested with a spike the weekly support area and closed the candle at the 0.886 Fibonacci level. The scenario remains bearish on this pair and some retracement to the 0.618 Fibonacci level can be seen. How can i approach this scenario? I will wait for a possible test of the enlighten level and if the price will provide a new sign of inversion i will consider a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
8