EURGBP Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8613
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8586
My Stop Loss - 0.8627
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Eurgbp!
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Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: The previous week passed without particularly important economic events, against the background of which we did not observe much volatility in the market or changes. Thus, the prospects for growth against the US dollar at the beginning of this week remain.
It is not too late for euro buyers to open a trade, if this has not been done earlier. The most likely option is to grow from current prices, since a rebound from the level of 1.07225 allows this to happen (scenario №1) . Scenario №2 is an alternative, but also in favor of the buyer. We fix the growth target at the level of 1.08500.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURGBP Excellent short-term sell signalThe EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below):
We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached (and is so far holding) its 4H MA50 (blue trend-line).
The last similar Bearish Leg reached at least the 0.618 Fibonacci retracement level before rebounding. As a result we have now a rough sell Target at 0.85635 (Fibonacci 0.618) but we will close earlier if the RSI hits the Buy Zone before the price hits the Target.
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EUR/GBP BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.856 area.
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Could price bounce off 618% Fibonacci support?Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.8582
Stop loss: 0.8559
Take profit: 0.8618
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EURGBP is approaching the uptrendHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85900 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area.
Trade safe, Joe.
Strifor || NZDUSD-10/05/2024Preferred direction: BUY
Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production.
It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count on big growth.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GOLD-09/05/2024Preferred direction: Neutral
Comment: As we expected at the beginning of the week, metals are mostly standing still. In addition, we talked about a likely fall, and the mood associated with it only strengthened in the second half of the week. The most likely scenario №1 looks in favor of the seller, and here an approach to the level of 2250 is expected. If this scenario is realized, a fall to 2200 and 2150 , where the liquid area is located, can be expected.
Scenario №2 is less likely and assumes the short-term strengthening of buyers. However, in the more medium-term, even after updating the all-time high, gold prices are likely to go down to 2200 and 2150 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-09/05/2024Preferred direction: BUY
Comment: Despite the fact that the British currency is currently one of the weakest among the majors, we still adhere to buy-priority against the US dollar. Today, one of the most important events of this week will take place, namely the meeting of the Bank of England . The number of participants with short positions is dominant, which in turn is the “fuel” for the upward movement.
Two main scenarios are presented before you on the chart. Most likely, at the time the interest rate is announced or after, there will be a slight drop and then an increase towards the specified target at the level of 1.26000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-09/05/2024Preferred direction: BUY
Comment: The trading idea to go long on the euro , which we gave at the beginning of the week, remains relevant. At the moment, we have both scenarios activated, with special attention to scenario №2. The current week is not rich in economic events, which in turn allows the dollar to strengthen. We talked about this in previous trading ideas, but most likely, the US dollar will resume its correction in the near future. The target near the resistance area of 1.08000 remains.
Additional comments on this trade will be provided as situation changes. Follow us!
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British Pound can rebound down from seller zone to support lineHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price made an impulse up inside the downward wedge from the support line to the resistance line, breaking the resistance level, which coincided with the seller zone. But later EURGBP turned around and in a short time declined to the support level, which coincided with the buyer zone, breaking the 0.8615 level one more time. Soon, the price broke the 0.8550 level and fell to the support line of the wedge, after which rebounded and in a short time rose higher than the resistance line, exiting from the wedge pattern and soon broke the 0.8550 support level again. After this movement, the price continued to grow inside the upward channel, where later GBP reached a resistance level, but at once rebounded and made little correction. A not long time ago price grew back to this level and at the moment trades very close. So, in my opinion, the British Pound can enter to seller zone, after which turns around and starts to decline to support line of the upward channel. For this case, I set my target at 0.8585 points. Please share this idea with your friends and click Boost 🚀
Strifor || SILVER-07/05/2024Preferred direction: BUY
Comment: As noted at the beginning of the week, the prospects for metals are quite vague, but it is still possible to make more assumptions about growth. The nearest serious resistance level is located at 28.69664 , where growth is considered.
Both scenarios are depicted in the graph. Scenario №1 is the most likely, and here it is better to enter after breaking through the level of 27.50 , which is local resistance. Scenario №2 assumes growth from the level of 26.50 . It should be noted that scenario №2 is less desirable since the probability of falling below 26 increases.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GOLD-Week StartingPreferred direction: Neutral
Comment: Metals , for the most part, continue to stagnate, making entry difficult and leading to better times. The most likely scenario today is a modest increase to 2343.869 , where the instrument will most likely continue to be on the balance, since buyers do not yet have the strength to grow (scenario №1) . An alternative scenario still assumes the fall that we talked about last week. To do this, sellers need to update the local level just below the 2280 level (scenario №2) . In this case, we can expect a drop to 2200 and 2150 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency .
We are considering two main scenarios for this long trade, where the most likely growth according to scenario №1 assumes the strengthening of the British currency from current levels. It is unlikely that the instrument will need to roll back to 1.25346 , from where the pair will most likely go up as well (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: At the beginning of the week, the euro remains on the buy sheet, but the growth looks rather limited compared to the previous week. For the coming week, we are considering growth no higher than the level of 1.08500 . As always, we highlight two scenarios for this currency pair.
The most likely scenario №1 involves an increase from current prices, since technically all the factors for this are there. But in the event of a rollback to the level of 1.07225 , the buy trade remains valid for the same purpose (scenario №2) . It would be best not to push the target too hard towards the level of 1.08500 , but to fix the buy-position earlier.
Additional comments on this trade will be provided as situation changes. Follow us!
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the price is trading above the Ichimoku cloud EURGBP LongThe buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out
Potential Trade Opportunity:
Currency Pair: EUR/GBP
Position: long
Risk to Reward Ratio: 3R
Trade Parameters:
Entry Point: 0.85931
Stop Loss: 0.85891
Take Profit: 0.86059
Disclaimer:
This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.
EURGBP: Short Signal with Entry/SL/TP
EURGBP
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURGBP
Entry - 0.8584
Stop - 0.8600
Take - 0.8558
Our Risk - 1%
Start protection of your profits from lower levels
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EURGBP Expected Growth! BUY!
My dear friends,
My technical analysis for EURGBPis below:
The market is trading on 0.8566 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8574
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 BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.856 area.
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BREAKOUT or FAKEOUT?? - EGHere I have EUR/GBP on the 4 Hr Chart!
Ever since its visit at the Support Zone @ ( .8534 - .8528 ), Price has been steadily making Higher Highs and Higher Lows with the most significant High in the Price Action being Friday's High reaching the Resistance Zone @ ( .8586 - .8581 ) on the release of LOWER than expected NFP numbers for USD ( 175K Actual - 238K Forecast )
Now not only did we get an enormous Bullish Break on Friday, but by market close, most of those gains were given back bringing Price back to the cycle of Highs it broke AND a Minor Support Zone.
So .. Is this a BREAKOUT or a FAKEOUT?!
I think to answer this question, it will come down to the Fundamentals as of late!
I believe EUR started to slightly overpower GBP Mar. 21st when BOE decided to HOLD their Interest Rates @ 5.25%
Then, Apr. 17th GBP gets the HOTTER than expected CPI of 3.2% with BOE Bailey making the comment that Inflation looks to have quite a STRONG DROP in May ... Followed by a very disappointing Retail Sales read of 0% on Apr. 19th ..
-COULD THIS MEAN GBP WILL BE THE NEXT UP FOR RATE CUTS?!?!-
Well on Thur. May 9th, BOE meets to take vote on whether they INCREASE, DECREASE or HOLD RATES
Also GDP Fri. May 10th ..
From a Technical standpoint, I want to watch for Price to either:
Find Solid Support at the Minor Level + Ranged Highs to continue higher
-OR-
Price to drop back down through the High/Low Range with a Bearish Break using Resistance from the Ranged Lows
-DOES THE BOE HAVE THE DATA INFRONT OF THEM TO LOWER OR HOLD RATES??-