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Eur-gbp

It's a great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.8678 TP2= @ 0.8740 TP3= @ 0.8800 TP4= @ 0.8878 TP5= @ 0.8958 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
21
It's a great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.8678 TP2= @ 0.8740 TP3= @ 0.8800 TP4= @ 0.8878 TP5= @ 0.8958 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
8
How to take Advantage of the Bearish Trend on EUR/GBP?Good morning traders, today we bring you an analysis and potential setup of what we would expect in the EUR/GBP to be able to trade the downtrend. 🔸Before explaining what we are looking for in this pair, we will focus on analyzing the context and showing you why we consider that the downtrend is still in force. 🔸After the break of the bullish channel, the price started a clear downtrend, which has not had major retracements so far. 🔸All support zones along the way were penetrated without problem. 🔸Last week, a very important support zone was broken, which is where the last bullish momentum started last year. 🔸Now the price is trading below, but this is not enough to initiate a position in this pair. 🔸What we are waiting for and we recommend doing is waiting for a proportional corrective move to the previous bearish impulse, forming some corrective pattern. For example, a flag pattern performing a pullback to the broken zone. 🔸In this way, we will have a safe place to place our entry and stop loss, and in addition, the R/R ratio that it provides us towards the next support zone is quite favorable. 🔸Of course, this scenario is an example and it does not have to happen like that, and there are many variants to this situation, but the idea is to be able to define certain scenarios to be able to be prepared for what the market gives us, and thus adapt quickly.
Short
by ThinkingAntsOk
4
EURGBP: The end of the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/GBP ⚪ Technical Analysis : Since the 20th of January 2021, the price has been following a really strong descending channel, reaching today an important weekly support zone at about 0.86900. This level rejected the price many times in the past and there is a nice possibility to see the same reaction. 🔴 Conclusion : I'm confindent to see the end of this descending channel, considering that the price almost reached the weekly support zone. It is currently overbought and at the end of its last bearish impulse. By the way, I'll be waiting for the breakout of its channel before planning my long position on this trade. A possible entry point could be a closing bar on the level at about 0.87600! Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
16
MORE MONEYAnother trade that we took advantage of today at forexinsightsuk was the EURGBP. We entered early this afternoon with a Entry of 0.87295. This pair was on our watchlist at the beginning of the week during market opening hours and we are glad we could take advantage of this trade that fell lovely into profit. We were expecting a pull back and wasn't sure how much further the bearish momentum would particularly last. Therefore we had alerts set to notify us when to take our profits. We managed to manually close TP1 & TP2 roughly around 0.87029. Still a awesome percentage gain on our capital for a Tuesday.
Short
by Forexinsightsuk
EURGBP - CURRENTLY IN DISCOUNT PRICINGTechnical Overview: - EUR/GBP We have had the chance to enter on a buy position last week and followed by closing the position before the initial drop we were anticipating. HTF - We are oversold from a higher time frame perspective and should be looking for long potential opportunities, since we are in the start of the week and US markets are closed on Monday, we do expect price to potentially going lower before we look for any buy opportunities. We will be approaching this with more caution and look should for confirmation before entering any to the upside. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
7
Downtrend in EURGBPOpportunity again with GBP! It's movement is very definite. As long as we have a rise in GBP and a weakness in EUR, EURBGP will move down! Technically, we have an extremely well downtrend. On continuation, the first support is from the previous bottom 0.8741. And in case of a break comes 0.8693. The scenario breaks down when the trend breaks and cross the previous peak! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Short
by ForexTrendline
2
EURUSD 2 POSSIBLE OUTCOMES. THE CHOICE IS YOURS...THERE ARE STRONG RESISTANT LEVELS. BULLISH MOVEMENTS TOWARDS THESE RESISTANT LEVELS. DEPENDING ON STRUCTURE IF CANDLES DO NOT CROSS BACK OVER THERE IS STRONG POTENTIAL FOR A UPWARD CONTINUATION. TECHNICAL ANALYSIS ONLY. BASED ON FUNDAMENTAL ANALYSIS,STIMULUS IN THE US COULD DRIVE THE DOLLAR PRICE DOWN ONLY CAUSING MAJOR GAINS FOR CURRENCY I.E GBP, JPY, AUS, CHF AND CAD. HAVE A LOOK AT CORRELATION BETWEEN COMPETING MARKETS AND MAKE YOUR DECISION, I AM WAITING ON EITHER BREAK OF STRUCTURE OR STRONG BULLISH CANDLE / HAMMER. (DISCLOSURE THIS IS NOT A SIGNAL THIS IS JUST A PERSONAL INTERPRETATION OF MARKET MOVEMENT)
by BlockaTrades
EURGBP on a falling wedge? 🦐EURGBP after our last idea almost reached the monthly support as expected. The price is moving between 2 narrowing trendline and is creating a falling wedge. If the market will bounce over the support and break above the upper trendline we will set a nice long order according to Plancton's strategy. --–– 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.
Long
by InkyGrip
12
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP We had seen the bearish run down raiding the support level at 0.88500 many buyers and sellers were interested in this very special level. Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows. Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe. We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities. It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential. We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals! Remember this is our free analysis! To learn more find out below. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
14
💡Don't miss the great sell opportunity in EURGBPTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.8794). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 31. Take Profits: TP1= @ 0.87460 TP2= @ 0.87200 TP3= @ 0.86830 TP4= @ 0.86360 TP5= @ 0.85840 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️
Short
by ForecastCity_World
10