EURGBP
Rising Support HOLD or BREAK?! - EGHere I have EUR/GBP on the 4 Hr Chart which has been CLEARLY using this Rising Support as a means to continue higher!
With the First Test on Aug. 23rd, there have been 4 more tests on the Rising Support with the 4th and 5th tests failing to keep Prices Higher than the High created after the 3rd Test! Not to mention the time taken between bounce 4 and 5 is much less than bounces given from 1st-3rd.
The 200 EMA has started to dip under the supposed Rising Support and is in position for Price to test the Rising Support again!
This leads me to believe EUR may be weakening so my bias on this pair is BEARISH!
-BUT-
What will the 6th bounce provide?! HOLD or BREAK?!
Fundamentally This Week:
EUR - Financial Stability Review (Wed), French, German & Flash PMI (Thur), Retail Sales (Fri)
GBP - Autumn Forecast (Wed), Flash PMI (Thur)
EURGBP Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the EURGBP next move:
The instrument tests an important psychological level 0.8731
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8746
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
TradePlus-Fx|EURUSD: short-term view💬 Description: The level of 1.08530 was quite well processed by buyers, and it seemed that one could only look long, however, there are a couple of nuances that say that most likely there will be another correction ahead of this long. The purpose of this correction will most likely be to gain additional position by a big player. And the reason for this is the rather considerable purchases of the US dollar on Friday, which it is unlikely that a big limit player will want to carry out the entire upcoming growth.
Entry points for shorts already exist at current levels, and one can already actively look at shorts. The first target is, of course, the level 1.08530 . Then, with a high degree of probability, there will be a false takeout, that is, the price will go below the specified level. It is unlikely that the instrument will go too deep down towards the level of 1.06745 . Around the level of 1.07500, we can expect an upward reversal.
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TradePlus-Fx|GBPUSD: mid-term reversal💬 Description: The medium-term reversal in GBPUSD is gaining momentum, we can already confirm this fact and now adhere to a more BUY priority. At the moment, we are expecting a culmination of buy orders, which will most likely occur first at sellers’ stop losses, and after market buy orders.
We do not rule out a false breakout in order to disembark extra buyers. Within the next week, the instrument will most likely record its new local maximum, after which it will begin a downward correction.
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TradePlus-Fx|EURUSD: high update💬 Description: The American currency continues to weaken after yesterday's inflation data. The momentary strengthening of the USD on the release of data on retail sales will most likely end very soon, and a new local maximum should be expected.
It should be noted that the instrument has accumulated a large number of sellers who are precisely capable of realizing another upward impulse. We don’t place a stop loss too far, but rather choose a technical stop loss beyond the local minimum.
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EURGBP Long Term Buying Trading IdeaHello Traders
In This Chart Forex ForecastEURGBP DAY By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Strifor || EURUSD-17/11/2023Preferred direction: BUY
Comment: Buy-priority for the currency pair is maintained. Today there was an attempt to break up, but limit orders held back buyers, and most likely, the next attempt to go up should be expected on Friday. In the worst case, growth is expected at the beginning of next week.
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EURGBP - Long active ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and took liquidity below equal lows.
Fundamental news: Tomorrow will be released yearly CPI on GBP. News with impact on GBP, so pay attention to the result in order to validate the analysis.
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EURGBP, Deviation or a breakout? EURGBP / 4H
Hello traders, welcome back to another market breakdown.
EURGBP pair has been trading in a Bearish trend withing a larger trading range, the price is showing evidence of pull-back mode so far. Therefor, better wait for more confirmation if you don't know the invalidation level.
Trade safely,
Trader Leo
Strifor || USDJPY-16/11/2023Preferred direction: SELL
Comment: The weakening dollar plays in favour of the yen, which is right at key levels. Here we are seeing a deeper upward correction in favor of the dollar after yesterday’s impressive momentum. However, most likely this fuse on the part of buyers will be extinguished and the price will go down again. We highlight two scenarios for this short trade.
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Strifor || EURUSD-16/11/2023Preferred direction: BUY
Comment: The euro is increasingly strengthening the foundation of the upward trend, which we can already talk about. The bullish potential remains despite the already impressive growth. Here, in the very near future, the price will most likely retest the resistance area around the level of 1.09000.
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TradePlus-Fx|GBPUSD: all is ahead💬 Description: Resistance level 1.22716 still keeps the GBPUSD currency pair from growing. The previously published medium-term trading idea for the pound reached its main goal at the level of 1.21166 , another part of the trade was closed at the level with a partial profit. However, as we see, buyers managed to restore the price again towards the main resistance. Not long ago, a strong medium-term short signal was generated, namely a false breakout of the level 1.22716 , which indicates to us continued sales.
Based on the volume analysis, we have a fairly impressive resource in the form of accumulated market long-positions, and all this will most likely be realized in the form of a downtrend impulse in the near future. The nearest support and confident target is at the level of 1.18730 , but goals are looking for even lower.
🔔 FX CALENDAR TODAY 🔔
🇺🇸Consumer Sentiment
🇺🇸Inflation Expectations
🛢US Baker Hughes Total Rig Count
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Five Waves Up ?? Three Wave Corrective!! Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Strifor || USDCAD-14/11/2023Preferred direction: BUY
Comment: For the Canadian dollar, as part of the general strengthening of the US dollar, we also expect a strengthening of the American currency. Here oil can come to the aid of the Canadian, which is expected to slightly recover in price. However, the local target is still located above the current price, behind the local highs.
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TradePlus-Fx|EURUSD: change to sell💬 Description: The situation with the euro still forces us to take a closer look at sales. In the medium term, we are most likely to see a decline. Before this, one can take a closer look at long, but not above the level of 1.07000 . The most conservative thing to do is to place your take profits below this level. After which, as was said, a deep drop is expected from the promising update of local minimums. In a more global picture, you can take a closer look at the level of 1.05194 as a target.
🔔 FX CALENDAR TODAY 🔔
🇬🇧BoE Gov Bailey Speaks
🇺🇸Fed Chair Powell Speaks
🛢Crude Oil Inventories
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EURGBP H4 | Bullish bounce off 61.8% fibo?Price could fall to our buy entry at 0.8688, which is a pullback support level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8669, which is beyond the 78.6% fibo retracement. Take profit is at 0.8719, which is a swing high resistance level.
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Strifor || XAUUSD-14/11/2023Preferred direction: SELL
Comment: A more encouraging situation is developing for gold. However, here, too, there is most likely still a fall to come. The area 1900 - 1920 is a good support, where the price will at least be stopped, and most likely it will be from there that the upward rollback will begin.
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