EURGBP Outlook May 2022 The Pound is in a precarious position whereas the Euro probably seems the safer bet of the two. I expect a gradual bull run to take place, patience is a must here because the time of the fundamentals unfolding will take time, so getting a solid entry and riding it out will be the way. Technicals will also be posted on my page for the timeframes below!
Eurgbpbuy
EurGbp can correct to 0.8650Since January, EurGbp is trading in a 200 pips range between 0.8250 and 0.8450.
0.8250 at this moment is very strong support and the pair could correct higher to the next resistance at 0.8650
As long as support is intact, buy dips is my strategy for this pair and only a daily close under support would negate this scenario.
EURGBP LONGS📉📉📉📉 Expecting bullish price action on EG as price takes out weekly lows liquidity and closing bullish above. We had a strong bearish movement without correction and i expect the price to retrace in the upcoming days, a lot of bearish imbalances were formed around 0.84200 / 0.84700 price area.
What do you think ? Comment below..
EURGBP LongHello traders, this is my opinion on what will happen next on EURGBP .
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EURGBP has dropped to support level @ 0.84100 where is consolidating now and will see a rise.
My goal is price to go up and settle on the resistance level @ 0.85100
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Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position.
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My TradingView Community if you like my idea, please like and follow for support.
Also if you have any opinion please write in the comments, always open to new ideas.
Thanks for passing by and have a good day traders!
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EURGBP: ASCENDING TRIANGLE PATTERN.Welcome members, old and new ones to this EURGBP hourly update.
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Let's get back to the chart.
EURGBP is under the ascending triangle and technically these patterns are a bullish formation that anticipates an upside breakout. So, here's the deal, once EURGBP breaks out of this ascending triangle that is above £0.843, we can enter long. That will be a clear-cut confirmation. Exit the trade if it breaks down below £0.837.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
EurGbp may have found the bottomSince the beginning of 2022, EurGbp has tried to drop under 0.83 on 5 occasions and each time reversed.
A bottom can be in place for this pair and a rally to 0.85 resistance can follow.
In my opinion, dips should be bought with that target in mind and only a clear break under 0.83 would change my bullish opinion
EURGBP trend continuation ideasPrice is in a downtrend but don't be fooled, many retail orders are stacked up the top ready to be purged. Expect price to reverse in one of the two zones, I vouch for the lower one as institutions have open shorts there and need to be closed first before going up. Trend reversal confirmations needed within the indicated zones before entry. GL