Eurgbpanalysis
Euro against pound is ready for long Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:NZDCAD
We can see market is strugling near its previous resistance and currently standing near its a strong support in D1 Support level.
So we are expecting more rise near Trendline,Then we can expect a strong bull run after the formation of Head and shoulder.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EURGBP - Trade Idea!Lot of other trades and chats I am part of are bullish EURGBP I been on side line eyeing this pair and I think we may have PB trade set up - keeping an eye on that perhaps could be false spike low
Above these resistance area 200 EMA would be your target if we fail bears get in control and I expect us to re-test various support areas as marked on the chart.
TJ
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. The reason for NEGATIVE SENTIMENT in EUR is USD DEMAND. Due to MARKET RISK OFF, all MARKETS including STOCKS are DOWN. It affects the EUR in a big way.
- Definitely, EURGBP can fall to the SUPPORT LEVEL below. The reason for that is that there is a good UP SIDE BIAS in the MARKET for USD, so EUR has NEGATIVE SENTIMENT at the moment. Accordingly, EURGBP can go down to 0.8352 LEVEL. And after that EURGBP can be BUY to the 0.8711 LEVEL.
So far my outlook for Eur/Gbp is still going down.I would shift the current position of the SL at the break-even point. So far my outlook for Eur/Gbp is still going down.
I'm just trying to reduce the potential loss if there is an extreme movement that can change the direction of the market. It is better to secure funds by moving at the break-even point.
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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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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