EURGBP: BUYEURGBP moved a little higher on Friday but is still not far from recent multi-month lows. Price once again closed at a BUY zone.
This pair has been weighed by the UK’s comparatively swift vaccination efforts in January and amid EU vaccine delivery delays.
If price hits 0.88348 for us in this week's market open, we can expect to ride this Bull up to 0.88860 or even up to 0.88960 for our TP levels.
Eur-gbp
EURGBP: A possible CHANNEL BREAKOUT!Hi 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 beginning of January 2021, the price has been following an interesting descending channel, breaking through the S/R level at about 0.89300, getting many rejections on the support level at about 0.88100.
It is currently re-testing the same level and the next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not strong enough to break the current support zone.
I'm confident to see it getting one more rejection, moving up with a bullish impulse until the next S/R level at about 0.89200.
I'll be waiting for the breakout of its channel before planning my long position on this trade.
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
EUR/GBP: Pressuring critical support at the 0.8815 Fibonacci retConsolidation is giving way to a fresh test lower, whilst intraday studies track lower, with prices currently retesting critical support at the 0.8815 Fibonacci retracement.
Daily readings are mixed, suggesting further consolidation around here, but a break will confirm continuation of September 2020 losses towards the 0.8750 retracement. Meanwhile, resistance remains up to 0.8900.
An unexpected close above here will turn sentiment Positive, and signal a more sustainable rally towards 0.8950.
EURGBP day buy Price is forming a continuation pattern to the
EURGBP day Price is forming a continuation pattern to the upside.
Watch strong price action at the current levels for buy.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
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ridethepig | EURGBP Finding a Floor📌 ridethepig | EURGBP Finding a Floor
After the preparatory manoeuvre, passive sellers are keeping a close eye on the 0.882x ABC target and already starting to cover. Sharp Buyers were aware of this and made the transition to attempt a base formation. With ECB / FED now cleared there is the customary inventiveness to continue with the rally. What we are trading here is the expectation of BOE cuts and calling bluff on ECB holding pattern.
On the GBP side, we have been given a data from Johnson for March where kids will return back to school. Taking it with a pinch of salt once more and recommend resisting temptation to park in GBP. BOE has room to cut rates and with Brexit impact starting to enter into play, the flows will become clearer. Technically taking 0.893x will open the floodgates for a momentum gambit towards the highs, while to the downside 0.887x/0.882x area will continue to be the loading zone.
Thanks as usual for keeping the feedback coming 👍 or 👎
EUR/GBP Is Breaking through SupportThis is breaking through a big weekly support level. Best time to enter a short is on a retest of the support now acting as resistance. This will give the safest trade setup, for a SL the highest previous point is too high for a good risk/reward ratio so it can be just above 0.618 Fib. TP is at the next support level downwards.
As I said best entry is to wait for a retest and rejection from the new resistance (previous support).
EURGBP a move to the 0.87? 🦐EURGBP on the weekly chart has reached the support structure at the 0.88800 level.
The market created a huge head and shoulder formation and now testing the neckline.
According to Plancton's s strategy IF the price will break below we can seta nice short order.
--––
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.
EURGBP - SWING - 25. JANU. 2021Welcome to our weekly trade setup ( EURGBP )!
-
1 HOUR
Bearish closure below main sr level.
4 HOUR
Overall bearish market structure with a small pullback.
DAILY
Great short entries following mid term trend.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.88870
SL @ 0.89200
TP @ 0.88410
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
EUR/GBP Will Support HoldThis is at a big support level. I previously posted that this was in a range from this support and the upper resistance. Now we are at this support we need to see if it can hold before rising or if it breaks and drops. It has had a lower closing candle on the 21 Jan so there may be big pressure. I would keep a close eye on this and if it does break the support and has a closing daily candle beneath the support then this can be shorted on a retrace back to this level which would then be resistance.
EURGBP: Growth & Bullish Forecast
Here is our technical view for EURGBP.
Our analysis is based on current market fundamental sentiment.
According to our drawing EURGBP reached a strong support area.
Based on our outlook the price will start growing
to the next resistance level.
Like & Comment Our Analysis, Please!
EURGBP will break the pennant? 🦐EURGBP on the 4h chart bounce over the support.
The price created a pennant formation and according to Plancton' strategy, if the market will break below, we can set a nice short order
--––
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.
Flag Breakout?EURGBP has obviously had an increasing amount of bearish movement, after this slight retracement alongside the flag pattern being hit on support, i'm expecting to see a bearish breakout. OBV is also showing a continuing amount of decreasing volume which could indicate further sell-offs.
EURGBP Long / Buying a key support, Possible Head & ShouldersHey guys!
Happy new week! I know its MLK day in the US, so their markets are closed, but that does not mean there are no opportunities in the markets! - We actually took home a few winners already, and I think we could get this one too!
Ok, so this trade is based on a few ideas, and here they are:
Price is at a strong support level
Possible H&S pattern, seen on 4H, and 1H
On the 10m chart, we are making higher highs and higher lows
RSI is coming out of the oversold zone
EUR has been pretty weak all last weak, some relief could come
I hope this helps you with your trading decisions and results today!
All the best! And PS, make sure you check out our signature below!
EURGBP on a big H&S 🦐EURGBP on the daily chart has reached the support structure at the 0.88800 level.
The market created a huge head and shoulder formation and now testing the neckline.
According to Plancton' s strategy IF the price will break below we can seta nice short order.
--––
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.