EURGBP: Who from the weak?!EURGBP
Intraday - We look to Buy at 0.8425 (stop at 0.8395)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.8515 and 0.8600
Resistance: 0.8460 / 0.8600 / 0.8720
Support: 0.8400 / 0.8325 / 0.8200
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Eurgbpanalysis
EURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSISEURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSIS
In this chart, im looking from 3 perspective.
1) Supply & Demand
2) Trend
3) Significant S&R Level.
SL - 20 PIP
TP : RR / 60
#TAYOR
My main indication is the H4 Double top has been consume at price 0.86764. Which make the movement is bearish .
From that point of view, the price respected the trend point of view. Then price doing engulfing movement which i circle in the picture.
So my point of view, it's relevant to take short at PRICE : 0.85986 as its the only price that near fresh base and significant resistance level .
#EURGBP
Break out the trendline. Bearish in handif you look at the movement of EUR/Gbp on the H4 time frame. then the price has broken the trendline and there is a big possibility that the bearish trend will continue to support. We are looking for a retrace area that occurs in the red area to enlarge the profit ratio.
EURGBP BULLISH OUTLOOKEUR is gaining in value due to the expectation that ECB will raise interest rates, something that had not happened in more than a decade.
Against GBP the price broke the resistance of the triangle pattern on the 4H graph forming a bullish outlook, which, if gets confirmed, might see the price of the pair testing 0.87 On the other hand, if the bullish scenario does not come to fruition, the price will most likely test the support of the triangle at 0.8568
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⁉️ EURGBP Market Analysis Hello traders!
⁉️This is my analysis on EURGBP.
Here the price was in a consolidation phase for the last 2 days and now we can see how the price manipulated buy side liquidity, so I expect also to see a manipulation of sell side liquidity and rejection from bullish orderblock.
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EUR/GBP bouncing off daily trendline with a LTF patternHey traders, nice setup is presenting itself on FX:EURGBP .
As you can see, on Friday we got a bounce off a trendline on the daily chart.
And on the hourly chart, we can see an ascending triangle with a nice role reversal level.
I'm looking to enter on a hard retest. Fist profit target being the 0.863 local high and main target the recent swing high at 0.874.
EUR/GBP Multi-Timeframe & Order Flow Analysis - update Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
EURGBP H4 SELL >>>>EURGBP Has Created A Huge Liquidity Pool Which the Market Should Needs to Grab. Above This Liquidity Pool there is A Strong H4 ORDER BLOCK AREA From Where we would see A Strong Selling Pressure . There is also Liquidity Under 3 Equal Lows so That's Why There are Many Confluences For This Sell Trade
Jamie Gun2Head - Selling EURGBPTrade Idea: Selling EURGBP
Reasoning: At a previous resistance level - just needs to hold until 9:00pm!!
Entry Level: 0.8581
Take Profit Level: 0.8494
Stop Loss: 0.8602
Risk/Reward: 4.41:1
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