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Eurgbpbuy

EURGBP Buy/LongEURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these trades. EURGBP Buy/Long ENTRY: 0.85820 TAKE PROFIT: TP 1: 0.87096 SL: 0.85574 Please use proper risk management upon entering this trade.
Long
by KingTraderFX
7 Dimension analysis for EURGBP 🕛 TOPDOWN - Navigating a Sideways Consolidation Overview: This pair has been trading in a sideways range between 0.9501 and 0.8260 since 2017, establishing a considerable consolidation area. The monthly chart reflects a vast consolidation region, making it one of the most consolidated pairs in forex, lacking a clear direction. On the weekly chart, after forming a valid low, the pair initiates an upward move, seemingly with a short post-breakout buildup. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective, nearing a valid Point of Interest (POI). 🟢 Inducement: Completed, forming a valid high, with prices approaching a potential buy area. Anticipating the 1st pullback, which might be deep at extreme levels. Internal structure appears bearish with an unmitigated overbought (OB) scenario. 🟢 Support/Resistance Areas: Support, Demand, Accumulation areas are vital, marked with trendlines. Identifying potential buy entries in these zones. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal Double bottom formation indicative of a potential reversal. 🟢 CANDLE PATTERNS Key Observations: The last candle, a significant bear candle, indicates profit booking by climax players. Momentum candles reflect strict bearish momentum, but bear in mind that substantial bear candles near support might not have significant implications. Climax players' activity in the area warrants careful observation. 3️⃣ Volume: High volumes at both the beginning and end, signaling bullish volume. There's a high chance of price reversal or support emergence from these levels. 4️⃣ Momentum RSI: 🟢 Momentum State: In a sideways zone. 🟢 Divergence: Two consecutive bearish divergences indicate active bears, although a bullish divergence is currently forming. 5️⃣ Volatility Bollinger Bands: 🟢 Bands are below the middle band, suggesting a bearish trend. However, a punch from the upside signals strong bearish pressure. 6️⃣ Strength - ROC Values: EUR is stronger than the bears. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bullish ☑️ Current Move: Corrective ✔ Support Base: Previous support area ☑️ Candles Behavior: Climax player activity, record session count with an extreme bearish candle unable to break support. ☑️ Trend Line Breakout: Not yet observed. ☑️ Final Comments: Buy at the support. 💡 Decision: Buy once the price reaches the support area. 🚀 Entry: 0.8670 ✋ Stop Loss: 0.8647 🎯 Take Profit: 0.8831 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:7 🕛 Expected Duration: 30 days SUMMARY: The analysis focuses on a bullish scenario, given the corrective move and potential support areas. However, cautious optimism is advised, considering bearish momentum and climactic activity. The strategy revolves around waiting for the price to reach a key support level for a buy entry, aligning with the broader bullish outlook.
Long
by Optimum369
EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
17
EURGBP faces dual resistance challengesEURGBP currently encounters two resistance levels : one from the downtrend and another from a sideway pattern. We're closely monitoring this pair, and if it manages to break through both of these resistances, it could potentially make a strong upward move towards the next resistance levels at 0.8850, 0.8920, and 0.8950. Moreover, if it respects these resistance levels and shows signs of weakness, we may consider a short position with targets set at 0.8520, 0.8430, and 0.8350 .
by FKW-Millions
Will 0.84 Provide Buying Opportunities??This pair is currently locked within a long-term range on the Monthly charts, spanning from 0.82 to 0.92. Our current path is leading us downwards, inching closer to the lower boundary of this range, which is setting the stage for nice buying opportunities. We a Weekly BUY/DEMAND zone that was created in Aug last Year, starting at 0.845. Additionally, a weekly resistance level is identified at 0.84. Zooming into the daily charts we can see the target areas more clearly see image below I will be waiting for a signal on the TRFX indicator within the 4-hour to 8-hour timeframes as we approach the 0.845 and go below. Stop loss will depend on the entry price of the trade. As for target for this concept, the first target will be at the 0.865 resistance level. This area might also present an interesting opportunity for more selling as its a nice resistance area and will be the newly created Weekly SUPPLY/SELL area if we break 0.85, if selling comes in here again then we will likley be heading towards 0.82 bottom of range. Should price successfully break the 0.865 resistance , then a climb towards 0.885 is on the cards . Then focus might shift towards the top of the range. I will keep you posted on the idea as it progresses Hope you enjoyed the read!
Long
by TheFxAce
13