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Eur-gbp

The uptrend continues!EURGBP started to rise at the end of November and for now it seems that this movement will not end soon. At the moment on the M30 we are in an upward trend and the price makes an adjustment in the form of a triangle. This is a good opportunity to get involved in continuing the movement towards the next resistance levels. And they are: 0.9160 0.9176 0.9196 The scenario fails when the previous bottom breaks. If you have questions about how to trade this or that situation, contact us! To support us, like and comment! comments!
Long
by ForexTrendline
3
GBP, EUR - Overall a stellar session for the Sterling in the...GBP, EUR - Overall a stellar session for the Sterling in the run up to the crucial meeting between UK PM Johnson and European Commission President VdL slated for 19:00GMT/14:00EST in a bid to overcome some hurdles within the three sticking points to pave the way for constructive negotiations. Sterling was lifted through 1.3400 (vs. low 1.3350) on the back of Cabinet Minister Gove intimating scope for a compromise on fisheries, whilst further optimism from the Irish PM only added to the tailwinds. That said, LPF is touted to be the most contentious issue, with some journalists also questioning the timeframe available to strike and ratify a deal. Nonetheless, Cable surpassed 1.3450 throughout the European morning to notch a session peak at 1.3478 at the time of writing with the 1.3500 level to the upside the next point of resistance, matching the Dec 3rd high. The firmer Sterling has also hampered gains in the Single Currency through the EUR/GBP medium, with the cross tumbling from its 0.9080 high to a base at 0.8983 and looking to end the European day around the 0.9000 mark. As Such, EUR/USD sees itself with slight losses heading into the close and off its ~1.2150 high and with an intraday base at 1.2100. Looking ahead, tomorrow’s docket from a European perspective is packed with risk events including UK GDP, Brexit follow-through, the EUCO summit and the ECB’s policy announcement. DXY - The broad Dollar and Index look set for a flat close to the European session, but with the latter still contained to the 90.688-934 range seen throughout the morning. Sights for the Buck remain on developments stateside as the House is expected to vote on a short-term spending bill today to avoid a government shutdown and the Senate could take up stopgap funding bill today, whilst Treasury Secretary Mnuchin also suggested 90% of the stimulus package will be completed today. Looking forward to tomorrow, US sees the release of its November CPI figures, but the ECB will likely dictate.
by FTUKcom
1
EURGBP - SWING - 09. DECE. 2020Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Very bearish price and closure! 4 HOUR Overall bullish waving market structure found its top! DAILY Expecting further downside towards main support level around 0.89470! - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.90230 SL @ 0.90760 TP @ 0.89470 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
17
EURGBP Weekly/Daily analysis 🦐EURGBP on the weekly chart created a double bottom on the 0.5 fib retracement level of the previous impulse. The price on the daily chart moved inside a descending channel that has been broken during this week with a nice bullish impulse. The market then retraced at the 0.5 fib level over a daily structure. IF the price will break above the daily structure at 0.90400 we can 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
12
EURGBP LONG SETUPSo after a long downtrend on the 4 hour we can see that the trend has been broken and the price is retracing to the previous high, also the zone where the market has been broken. The perfect entry will be around 0.90000, and we are expecting a lot of confluence which will consist of EMA-200 support, RSI hitting the low level and the bottom of bollinger bands, previous high support and trend break, and also bottom of an uptrend that is forming. The entry should be after the retest was made on the 4hour, and should be taken on the first retracement of the 15 minute retracement break to the upside. So after the retracement has completed, we will wait for the market to break to the upside on the 15 minute, wait for a retrace, then enter. TP 1- 0.90250, TP2 -0.90450, TP3-0.90700 or the -0.27 level of the fib if you want to keep it to breakeven. SL-0.89620, Or a tight one will be some pips under the retrace was made.
Long
by AdrianPetrea
2
💡EURGBP Second Chance: Profit=612 SL=136 Reward/Risk > 4.5:1Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 SL= Break below 0.8965 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 463 pip Closed trade(s): 183 Profit Open trade(s): 280 Profit Trade Setup: We opened 5 BUY trade(s) @ 0.8937 based on 'previous Forecast' at 2020.12.01 : Closed Profit: TP1 @ 0.9000 touched at 2020.12.01 with 63 pip Profit. TP2 @ 0.9057 touched at 2020.12.02 with 120 pip Profit. 63 + 120 = 183 Open Profit: Open trade is 0.9007 (current price) - 0.8937 (open price) = 70 pip 4 trade(s) still open, therefore total profit for open trade(s) is 70 x 4 = 280 Technical analysis: . EURGBP is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. ❤️ 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, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
15
💡EURGBP Second Chance: Profit=612 SL=136 Reward/Risk > 4.5:1Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 SL= Break below 0.8965 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 463 pip Closed trade(s): 183 Profit Open trade(s): 280 Profit Trade Setup: We opened 5 BUY trade(s) @ 0.8937 based on 'previous Forecast' at 2020.12.01 : Closed Profit: TP1 @ 0.9000 touched at 2020.12.01 with 63 pip Profit. TP2 @ 0.9057 touched at 2020.12.02 with 120 pip Profit. 63 + 120 = 183 Open Profit: Open trade is 0.9007 (current price) - 0.8937 (open price) = 70 pip 4 trade(s) still open, therefore total profit for open trade(s) is 70 x 4 = 280 Technical analysis: . EURGBP is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. ❤️ 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, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14
EURGBP on a minor retracement 🦐EURGBP after our last analysis broke the descending daily channel with a nice impulse. The price is now looking for a retracement and we will expect a test of the 0.382 or the 0.5 Fibonacci level. IF the price will hit the daily support we will look then for a sign of inversion to place 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
6
EURGBP bounces over the 0.618 🦐EURGBP on the daily chart after touching the 0.92600 area at the monthly resistance started a long retracement until the weekly support at 0.88900. The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse. IF the price during next week will break the resistance area at 0.89900 and consequently breaks the descending channel, 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
EUR/GBP: Trading Brexit 📈Hello traders, happy Wednesday! Time to make some money. Today's Trade of the Day is EUR/GBP. With Brexit pessimism rising, I expect further weakness in the pound during the week. Here is the complete analysis. TECHNICALS: The pair broke above a long-term falling channel, but big players will likely drain liquidity to get into the market at more favorable prices. A roll reversal to the lower 0.90xx levels could provide a buying opportunity. POSITIONING: Hedge funds increased their bearish bets slightly in the previous week, but there is still room to the upside until we reach a 52-week extreme positioning. Currently 40k contracts shorts, extreme positioning at 60k. More downside potential for the pound. INTEREST RATES: 2-year yield differentials have still to catch up with the recent rise in the exchange rate. FUNDAMENTALS: EU’s chief negotiator Barnier says next 36 hours will be critical to fate of negotiations with UK. == SUMMARY == BUY LIMIT @ 0.9020 Final Take-Profit @ 0.9135 SL @ 0.8980 R/R: 3:1 Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Long
by MujkanovicFX
EURGBP - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bearish market pressure.. 4 HOUR Overall bearish waving market structure, good short entries! DAILY Pullback in a midterm downtrend. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.89480 SL @ 0.89920 TP @ 0.88820 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
22
Bullish Retracement on EURGBP (1/12/20)I am probably against everyone when I say that I am still bullish on EURGBP. After the price successfully crossed the red line the H1 timeframe, my bias flipped in my bullish so I am looking for buys. The yellow lines represent the new higher high (HH) and higher low (HL) so that is now the new range. If we take fibs off those levels, we realise the 0.618 golden pocket is as shown in the chart so that would be a good entry for a nice RR. If the 0.618 fib holds, then it is off to the races. My target would ultimately be the Daily Highs as shown in my previous related idea. All the best!
Long
by chewbaccaboi
💡 Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8918). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 0.9000 TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 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
9