EURGBPWe looking for shorts on the third touch of the ascending pattern, We anticipate price to consolidate before selling pressure pushes price bearish
Eurgbpchart
Eur Gbp long EUR/GBP Long Signal: Bullish Outlook
Analysis:
The EUR/GBP pair is showing a promising long signal, driven by a combination of technical patterns and fundamental factors suggesting upward momentum. Here’s a brief overview of the bullish outlook:
Technical Indicators:
Support Zone: EUR/GBP has found strong support around the 0.84700---0.84430 level, This support zone provides a solid foundation for potential upward movement.
Eurozone Economic Recovery: The Eurozone is showing signs of economic recovery, supported by robust manufacturing and services sector data. This positive economic backdrop strengthens the Euro against the British Pound.
The European Central Bank (ECB) is maintaining a relatively more supportive monetary policy stance compared to the Bank of England (BoE), which is grappling with inflationary pressures. This divergence in policy outlooks is likely to favor the Euro over the Pound.
The EUR/GBP pair presents a compelling long opportunity, supported by strong technical indicators and favorable fundamental factors. Traders should stay vigilant and adjust their positions as needed, keeping an eye on key economic data releases and geopolitical developments that could impact market dynamics.
EURGBPEURGBP IDEA , market is so lovely when you decide to wait, PAytience all always work in this industry.
EURGBP (4 HR)EURGBP is looking very bearish & looks like we're going back down to the Daily support level. Now we wait for price to make a correction to the previous level of support with a proper candlestick confirmation.
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
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
EURGBP hrly long | Algo training **EURGBP hrly long**
⚠️ GBP news tmr via <#908418734362886186>
Buystop @ .84375
TP #1 @ .84436 81.82% wr
TP #2 @ .84580 50.91% wr
SL @ swing low .84123 12.73% hr
EURGBP Symmetrical Triangle Pattern.!#EURGBP Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
[EURGBP W3 Aug 2021]EURGBP
Short Setup
Continuation trade:
👉🏻 Price is respecting the markups. The break below 0.85000 was the biggest giveaway, further sell off could be anticipated until ~0.83500 area.
EURGBP W3 July 2021EURGBP
Long Setup
Continuation trade:
👉🏻 Price made another extension on this correction, testing the 78.6% retracement level instead. Impulse move will be seen after a break above this whole corrective channel.
EURGBP W1 July 2021EURGBP
Long Setup
Continuation trade:
👉🏻 As mentioned earlier here, Wave-2 looks pretty much like a flat ABC correction, H1 OB still holding as support and has potential to continue forming its next impulsive Wave-3
Main trade setup
[EURGBP W5 June 2021]EURGBP
Long Setup
Continuation trade:
👉🏻Apparently marked the H1 OB wrongly and now whole structure is showing that price is squeezing into a falling wedge. Elliot Wave Theory also shows a WXY corrective pattern with a 3-3-3 sub waves accordingly. Impulse soon?
EURGBP W4 June 2021EURGBP
Long Setup
Continuation trade:
👉🏻 Price formed a complex ABC-X-ABC instead, it is still a 3 waves correction. More opportunity if price were to tag that H4 order block.
[EURGBP W1 June 2021]EURGBP
Long Setup
Continuation trade:
👉🏻 Wave-i was a leading diagonal, retested the 78.6% level at 0.85844 with a Wave-ii. More upside movement will be expected when price breaks Wave-i.
EURGBP W4 May 2021EURGBP
Long Setup
Continuation trade:
👉🏻 This minor pullback is healthy as it significantly breaks the previous minor wave-i at 0.86317. Wave-iii in this major Wave-3 will be expected to break the major supply zone and reach our next target.
Major zones may be referred here.
[EURGBP W3 May 2021]EURGBP
Long Setup
Continuation trade:
👉🏻 Wave-2 is a corrective wave of ABC. Now we are preparing for the most impulsive Wave-3
EURGBP analysis on the daily and 4 hour charts1 - An upside transcend a downtrend.
2- It is at the end of the inverted head and shoulders model.
His purchasing goals are:
0.87746
0.88054
0.88222
0.88562
0.88885
0.89126
0.89225
Note: its rise continues as long as 0.86675 is not broken
________________
Personal opinion: Better to buy, and this is more certain when it crosses the neckline of the head and shoulders pattern.
EURGBP W4 Apr 2021EURGBP
Short Setup
👉🏻 After a week's rise between zones marked here, from 0.84800 -> 0.87000, price has formed a significant double top at the resistance zone. Elliot Wave Theory wise marks the end of an impulse wave and is forming a corrective wave of a possible ABC, with a 3-5-3 movement. Invalidation may be placed above the double top
EURGBP - Continue to the 618Respecting the trendline and daily ema orange
price going to fall to reach the 0.618 (possible double bottom)
[EURGBP W1 Mar 2021]EURGBP
Short Setup
👉🏻 Was on a bearish bias since last week after price made this break to the downside. Pullback has already been seen, plus with the fundamentals in the UK, price could be driven further down
EUR/GBP Will Support HoldThis is at a big support level. I previously posted that this was in a range from this support and the upper resistance. Now we are at this support we need to see if it can hold before rising or if it breaks and drops. It has had a lower closing candle on the 21 Jan so there may be big pressure. I would keep a close eye on this and if it does break the support and has a closing daily candle beneath the support then this can be shorted on a retrace back to this level which would then be resistance.
EURGBP, Monthly Set up, Short EURGBP, Monthly Set up, Short! Price Rejection at the Strong Resistance Above!
