EURGBPBUY on the theory markets ranges 70% of the time and BUY on the theory markets retraces HALF of the previous leg 90% of the time.
Eurgbp!
Strifor || USDJPY-22/05/2024Preferred direction: SELL
Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152 . The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a preliminary approach to 157-158. In both cases, we fix the target near the level of 153.222 (70%), and at the level of 151.786 (the remaining part).
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: The British currency , like the euro , is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000 . The current resistance area at 1.27000 is a difficult obstacle for a buyer, but it is all so surmountable.
In the event of an unsuccessful breakdown of the indicated resistance, one can look for a long entry point near the levels of 1.26500 and 1.26000 (scenario №2).
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Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a minimum.
Against this background, for the euro we expect a re-test of the resistance area at the level of 1.09000. Most likely, the instrument will move to this resistance area as much as possible from the closing prices of the previous week (scenario №1) . If the American currency strengthens, a long position will be considered at the nearest support at 1.08000 (scenario №2).
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EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level)
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Potential bullish bounce off pullback support?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.8499
1st Support: 0.8474
1st Resistance: 0.8531
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR-GBP Long From Support! Buy!
Hello,Traders!
EUR-GBP fell down and
The pair is locally oversold
So as it is about to retest
The horizontal support at
Around 0.8500 we will be
Expecting a local
Bullish correction
Buy!
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EURGBP rose uncharacteristically on FridayEUR/GBP rose unusually on Friday as risks of a broader conflict between Israel and Iran eased. In addition, it is seen that inflation will decrease sharply to the target level in the coming months, sending a dovish signal to the market.
The bank needs to remain restrained in its policy stance. However, he echoed Ramsden's comments by saying that the committee is seeing signs of a downward shift in the persistent component of inflation dynamics.
EUR/GBP appears to have found resistance around 0.8625 and has traded lower after the PMI data, even heading lower than the 200 SMA. A return to former channel resistance is potentially on the cards at 0.8578. Prices settled into the trading range as central bankers mulled incoming data and the prospect of a first rate cut appeared a fair distance away.
Longer-term, the ECB is on track to cut rates in June, meaning sterling will extend its interest rate superiority and is likely to see the pair test familiar levels of support.
EUR-GBPThe eurgbp pair is getting close to an extremely solid parallel support zone, where there is a good likelihood that it will move in a bullish direction similar to the last one. The price has confirmed my prediction over the past three to four times, and it is now heading toward the same area where there is a greater likelihood of a bullish move. Near the zone, we'll be searching for a reversal candle.
✅EUR_GBP LONG FROM SUPPORT🚀
✅EUR_GBP went down to retest a horizontal support of 0.8530
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 0.8547
LONG🚀
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EURGBP On The Rise! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8543 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8564
Recommended Stop Loss - 0.8528
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EUR/GBP: Bullish Butterfly Pattern with ConfluenceEUR/GBP is currently exhibiting a bullish technical setup based on a harmonic pattern and RSI divergence, suggesting a potential upside move.
Harmonic Pattern Setup:
A bullish butterfly pattern is forming on the EUR/GBP chart.
Point D of the pattern, also known as the Potential Reversal Zone (PRZ), is nearing a key support area. This confluence strengthens the bullish case for a reversal at this level.
Bullish RSI Divergence:
Bullish RSI divergence is observed on both the 1-hour and 4-hour timeframes. This indicates that while price may be making lower lows, the RSI indicator is not confirming the downtrend, suggesting a potential weakening of bearish momentum.
Trade Recommendation:
Entry: Long EUR/GBP at 0.85450
Stop Loss: 0.85240 (placed below the key support area and Point D of the butterfly pattern)
Take Profit Levels:
TP-1: 0.85820 (targets the 1.618 Fibonacci extension of the XA leg)
TP-2: 0.86030 (targets the 2.618 Fibonacci extension of the XA leg)
TP-3: 0.86240 (open target, to be adjusted based on price action)
Risk Management:
Always practice proper risk management. This trade recommendation carries inherent risk. Ensure your stop-loss is set as instructed and only risk a small percentage of your capital on this trade.
Notes:
The harmonic pattern and RSI divergence are strong indications, but not guarantees of a bullish reversal. Confirmation from price action, such as a break above the key support area, is recommended before entering the trade.
Market conditions can change rapidly. This analysis is based on information available at the time of writing and may not be valid in the future.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
EURGBP Will Go Higher! Buy!
Please, check our technical outlook for EURGBP.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.854.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.855 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/GBP H4 | Falling to pullback supportEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.8533 which is a pullback support that aligns close to the 78.6% Fibonacci projection level.
Stop loss is at 0.8510 which is a level that lies underneath a pullback support.
Take profit is at 0.8577 which is a pullback resistance.
. High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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EUR-GBP Will Go UP! Buy!
Hello,Traders!
EUR-GBP went down
And has reached a
Rising support line from
Where we are already
Seeing a bullish rebound
And I think that we will
See a further move up
Buy!
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EURGBP ShortOANDA:EURGBP
The pair has made a substantial retracement and formed a bearish divergence, which brings an opportunity to sell the pair targeting the major support line.
EURGBP: Bullish Continuation & Long Trade
EURGBP
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry Level - 0.8552
Sl - 0.8534
Tp - 0.8580
Our Risk - 1%
Start protection of your profits from lower levels
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Could EUR/GBP bounce from here?Price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8547
1st Support: 0.8530
1st Resistance: 0.8581
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURGBP What Next? BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8549 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8585
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURGBP pullbacks towards the trend before breaking 0.86Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area.
Trade safe, Joe.
EURGBP My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8563
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8585
Safe Stop Loss - 0.8550
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Strifor || EURUSD-US CPIPreferred direction: BUY
Comment: It didn’t take long for us to realize our previous trading idea for the euro . At the moment, we have the fact that the target has been fixed. Today, the market's focus will be on the US CPI , against the backdrop of which we expect another short-term growth in favor of the main competitors of the US dollar.
The most likely scenario is an increase immediately after the publication of US inflation data (scenario №1). One can also consider buy-deal below current prices near the level of 1.07800 (scenario №2). We mark the target for short-term growth near the level of 1.09000, where the nearest resistance is located.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || SILVER-14/05/2024Preferred direction: BUY
Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver , the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly ( scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen.
The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664.
Additional comments on this trade will be provided as situation changes. Follow us!
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