EURGBP long trade setupeurgbp is in uptrend making higher highs and lower highs. Buy price, stoploss, tp1 and tp2 prices are mentioned on the chart.
Eurgbpanalysis
EURGBP is still bullish!Since all the technical evidences show that EURGBP is still bullish so we can look for low risk price to enter.
I'm guessing 0.88300 could be the a good price for long position.
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What are your thoughts on EURGBP?
EURGBP SCENARIOThe price movement is uptrend, we expect bullish rallies from previous touch on the trendline to target the next resistance zone, scenario will be invalid if the price break and close below the trendline.
EURGBP Continuation of the uptrendI am expecting to see a continuation of the uptrend , to break the level of 0.89288 which was the previous high and a possible take profit at the price of 0.89415
Topdown Analysis on EURGBP Weekly TFMonthly chart:
The EURGBP pair has been in a long-term downtrend since 2008, with lower highs and lower lows.
Price is currently trading near a key support level at 0.8400, which has held as support multiple times in the past.
Weekly chart:
On the weekly chart, the EURGBP pair appears to be in a range-bound market.
Price has been trading within a symmetrical triangle pattern since August 2021, with lower highs and higher lows.
The upper boundary of the triangle is near 0.8700, while the lower boundary is near 0.8400.
Daily chart:
On the daily chart, the EURGBP pair has been in a short-term uptrend since early February 2022.
Price has broken above the upper boundary of the symmetrical triangle on the weekly chart and is currently testing the key resistance level at 0.8600.
The 50-day moving average is above the 200-day moving average, indicating a bullish bias.
4-hour chart:
On the 4-hour chart, the EURGBP pair has been in a short-term uptrend since mid-February 2022.
Price has been making higher highs and higher lows, with the 50-period moving average acting as support.
The RSI indicator is in overbought territory, suggesting that the pair may be due for a pullback or consolidation.
In summary, the EURGBP pair is in a long-term downtrend but appears to be in a short-term uptrend. The pair is currently testing a key resistance level at 0.8600, and a break above this level could lead to further bullish momentum. However, if price fails to break above this level and falls back into the symmetrical triangle pattern, it could indicate a continuation of the range-bound market. Traders may want to keep an eye on key support and resistance levels as well as the moving averages and RSI indicator on the 4-hour chart for potential trade opportunities.
What's your thought on this?
EURGBPEURGBP (Range Trade)
I was long took partials, I still prefer the long side of EURGBP due to higher time frame confirmation.
Now, we are stuck within a range and a pattern brewing:
Highs: 0.89025
Lows: 0.88730
A break to either direction...
If we break lows expect: 0.88490
If we break highs expect: 0.89275
Trade Journal
EURGBP- Do not Miss Out the Buying Opportunity!Dear Traders, We have an excellent buying opportunity on EURGBP as we had bullish momentum since last few days, we think price will continue the bullish trend until it reaches araa of 0.9090 which means in upcoming days we would expect GBP to weaken.
eurgbp a good place to shortafter the long setup that yesterday was uploaded, today I think that EURGBP is near a good demand zone for sell. I my self will take profit in R/R=3 automatically but you can wait until further tps (long setup that was uploaded yesterday now is on R/R=9).
EURGBP - Long active ✅Hello traders!
‼️ This is my perspective on EURGBP .
Here we are bullish from daily perspective, so I am looking for longs. I expect bullish price action from here as price rejected from bullish order block + institutional big figure 0.88000.
‼️Attention!!! Due to the fact that we have news on GBP this week, the analysis can be invalidated.
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eurgbp a good place to longthere is a good chance to see a minor upward trend in eurgbp and this MPL can reverse the trend for buyers
#EURGBPFrom another point of view, in the 4-hour period, we see a positive divergence and reaching the trend line with a lower slope and a resistance range from the previous movement, which can now act as a support, which is exactly overlapping with the B area of the pattern in the range of 0.88456. And it is expected to complete the divergence in the first step in the range between 0.88456 and 0.88962 maximum.
The ranges that were touched beautifully and accurately in the previous analysis and can now act as new targets.
The main priority at the moment is to wait for the performance result and stabilize the positive divergence in the 4-hour period.
#EURGBPIn the daily time, we identified 4 important ranges in the lower daily fractal.
1-0.92566
2-0.82676
3-0.97358
4-0.77886
All movements are currently considered within the above limits.
In the daily time, we are looking for two negative divergences. The breaking of the first trend line with a greater slope is a decisive point. Now, considering that we are in an upward trend, the divergence can complete itself as a range or side range.
EURGBP 4 Hour signalThe #EURGBP had a bearish impulsive leg last week. On daily TF, it shows a high momentum. I expect a reversal at the support trendline of the channel back to the upside as correction this week.
However, in a situation where price breaks the support, there should be more downward move and this signals end of the current uptrend.
What do you think? share your thoughts below and like my analysis
EURGBP : Long Trade , 1hHello traders, we want to check the EURGBP chart. The overall trend of the market is up and the price is undergoing a correction and at the same time it has reached the uptrend line and also the key area of 0.88200 and 0.88400. The price has been in this area in the past. has reacted, so we expect this area to play the role of a support area for us. If the price can break the downward trend line in the general direction of the market and return to the specified level, it can be a good area to enter the transaction and wait. We have price growth up to around 0.89900. Good luck.
EURGBP buy Entry : 0.88464
Stop : 0.87717 , Target1 : 0.89216 , Target2 : 0.89958
Risk/Reward Ratio : 2
EURGBP IdeaEuro vs Great British Pound | EURGBP
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
EUR/GBP Need To Buy Contamination .....
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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#EURGBPCurrently, we are on the static resistance of 0.88962. If the above range is broken, we can expect the range of 0.88807 and the completion of a RECIPROCAL, which is considered an important range for the possibility of a correction (ascension). An ascending pattern has been identified, which can now act as a target and after being touched, it can act as a resistance for the target of 0.88448 in an important resistance range.
All the above goals are included in the form of breaking the first trend line and decreasing to the second trend line with a lower slope. The current strategy is included in the form of changing the slope.
EURGBPEURGBP is a clear break of structure so i am looking for proper confirmition to buy from this area
EURGBP - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP .
After a change of character (CHOCH) price started to form higher highs and higher lows, so now we are in bullish market structure. I am looking for a long position if price continue the retracement and rejects from bullish order block + institutional big figure 0.88000.
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EURGBP Next Move ??Pair : EURGBP ( Euro / British Pound )
Description :
Rising Wedge as a Corrective Pattern in Long Time Frame and Rejecting form the Upper Trend Line
Completed Impulsive Wave " 12345 " and Correction " ABC " Wave
Divergence
Descending Triangle
Bullish Channel
S / R Level
EURGBP possible short for 0.87906th February daily inside bar, range confined within the previous bar range. 7th February daily bar broke the low of last two daily bars. this is the indication for weakness ahead for eurgbp. supply zone 0.8945-75, stop loss 0.9005, initial target: 0.8845, medium term target: 0.8790.
EURGBP : Long Trade , 1hEURGBP buy Entry : 0.88872
Stop : 0.88372 , Target1 : 0.89382 , Target2 : 0.89872
Risk/Reward Ratio : 2
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.9070 LEVEL. And after that EURGBP can be SELL to 0.8758 LEVEL. The given STRUCTURES should be BREAKED for that...
