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Eurgbpanalysis

EURGBP: Long Shot🏌️‍♂️This pair is difficult but if we open our eyes and understand what price has done, we can assume a reversal soon. Now that the low has been wiped and liquidity has been taken from there, the price may now want to target the right shoulder liquidity. This is a long shot but definitely one to keep your eye on for fantastic risk to reward. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
11
EURGBP Long OpportunityHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for EURGBP for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
EURGBP -Short/Medium Term forecast!The EURGBP has been in a mid term downtrend, "Is the trend going to continue?". Currently we are completing a WXY correction in the minor green degree which should see the pair push high from current level into our bluebox area. As long as we don't go beyond the bluebox(0.8800) then we should see a reversal which will take the pair even lower in the coming months/year. We should start looking for selling opportunities from 0.8730. If we see a correction in the bluebox then we are likely to see a double correction which will take the pair further up, but we still should remain bearish for the mid-term.
Short
by pkhumalo
A glance into CHF crosses (The ultimate safe heaven)Hi traders, in this post let's take a look into the CHF crosses which not only I think presents good trading opportunities, but also will give us a " feeling" about the risk in the markets at this moment. EurChf: As you can see in the main chart (weekly) EurChf is in a clear downtrend since the beginning of the 2007-2008 financial crisis and in the past 7 years, the pair has formed a pattern that resembles an H&S. More importantly though is that the pair is trading at this moment exactly in a strong support above 1 very important figure(We don't care about 3% difference looking at a longer TF) Going to daily Here we can see that since March's top above 1.1, the pair has started to drop, and since September, this drop is accelerating, but more importantly, in the past 2 months, EurChf has broken under 3 important daily support levels. The month of December is marked by consolidation with the pair trading in a tight range. However, last week can give us a clue, with the strong selling and reversal before the 1.05 figure. In conclusion, I expect EurChf to continue its descent at the beginning of 2022 and to reach at least parity figure. GbpChf: Similar to EurChf, here also we have a multi-year downtrend, and going to the daily chart, we can see that the pair is accelerating down since late October also here. December, in GbpChf's case, is marked by a flag, which can lead to continuation, and, very important in my opinion, the BoE rate rise did nothing but a spike up, strongly reversed, leaving a Pin Bar on our chart. 1..2150-1.22 is the support zone, and a break here could accelerate losses to the next important support under 1.17. Such a trade would have a 1:3 risk: reward ratio and, in my opinion, GbpChf needs to be on our watch list in the next weeks. AudChf: We can see something similar in AudChf, a pair very sensitive to risk... The pair is accelerating its loss in late October and we have a break under very important 0.67 support, with this break confirmed as genuine last week. The next support for this pair is 0.64 zone, but once this is cleared, AudChf can spiral down to at least 0.6
Short
by Mihai_Iacob
13
EurGbp strong reversal after BoEYesterday BoE has risen interest rates, this fact only affected EurGbp for the moment, with the pair dropping to 0.8450 zone but strongly reversing after and closing the day above 0.85 figure and leaving the chart with a very nice long-tailed Pin Bar. This is a clear indication for me that the market already priced in this rase and the road for EurGbp is in fact up. My target for buy trades is 0.8650 resistance and only a new low under yesterday's one would change my opinion
Long
by Mihai_Iacob
3
EURGBP Butting Heads with SupportEURGBP currently bouncing around just above a strong previous support level on the 15Min, while still looking Strong Bearing on the 4H. Possible to see a short term bounce up, but longer term view we're looking to see a break below this support line to test the previous lows from October and then November. Price continues to follow a choppy downtrend with lower lows highs, with the exception of a brief December 8th rally that was quickly extinguished.
Short
by HayeTrading
EURGBP 1000+ PIP REENTRYHad a beautiful 200pip move which hit tp1 on the long term eurgbp buy. I am now looking for a reentry based of the 4D candlestick and looking to swing this up. Potential take profit areas are the same as shown through the horizontal lines. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Long
by Turtlesoup_Maestro