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Eurgbpbuy

LONG EURGBPLong EURGBP @ 0.86 TP: 0.88 SL: 0.85 EURGBP has bounced nicely off the 0% fibbo level (0.85390) which suggests that the low is in place for now. Im looking for a correction or retracement that will take us up to the 50% fibbo resistance or 0.88 level. GBP has been very strong of late however I think it has run out of steam up here and we are starting to see better sellers of the Sterling. USD is still relatively week thus I stay out of EURUSD and trade EURGBP instead. If the US dollar does decide to turn and find buyers, it will drive down GBP and as a result help out our EURGBP position. This trade offers a 2:1 risk reward ratio. Goodluck!
Long
by WhosPipsAreTheseAnyway
3
EUR/GBP LONG SETUPEUR/GBP is in a down trend, respecting the green descending channel. It is s lowly approaching the important weekly support area that is marked with the blue rectangle . GBP/AUD is currently on a key support area ( Green rectangle ) which the price has been retesting on a hourly time frame. 1) I expect the price to fail to break this key support area indicating a reversal, breaking the descending channe l that is has been following. Then i would expect to enter a long position after the price retested the upper green trend line with the take profit at the next key resistance. This is shown by the grey path . 2) I f the price manages to break the current support approaching the weekly support area ( Blue Rectangle ). I expect the p rice to fail to break below the weekly resistance, starting a reversal, breaking the descending channel and forming a new uptrend market structure . I would enter a long position once the price retested back to the Green descending channel, successfully indicating a trend line breakout . This is shown by the Orange Path .
Long
by wookyu2001
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP We had seen the bearish run down raiding the support level at 0.88500 many buyers and sellers were interested in this very special level. Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows. Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe. We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities. It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential. We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals! Remember this is our free analysis! To learn more find out below. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
14
EUR/GBP LONGEUR/GBP has been respecting the descending channel drawn by the green trend lines. The Price has recently failed to break below the key resistance level and is showing a reversal within the channel. I expect the price to increase until it reaches the upper green trend line continuing the descending channel as drawn by the grey path. If the price reaches the upper green trend line and breaks above it, I would wait for the retest back onto the trend line and go long until it reaches the next key resistance level
Long
by wookyu2001