Eurgbpforecast
EurGbp approaching strong supportDecember has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips.
At this moment the pair is approaching very strong support and we can have at least a correction from that point
I'm looking to buy this pair and with a target of around 0.8450
A break of support would negate this scenario
EURGBP - BuyIts look like the EURGBP has found its bottom after bouncing from the lower descending trendline and will most probably will move in upward direction from here and likely to test the upper descending trendline. One can buy from here for the target of 0.84566, 0.84839, 0.85117 and 0.85503 with the stoploss of 0.83682.
EURGBP is in sell zone!!EURGBP has just tested previous support as resistance and is likely to drop from there as this important level is formed by weekly and daily candles. Also, this instrument is in a down trend and now a selling opportunity arises in its downward direction.
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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. 💬
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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.
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
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
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Idea for EURGBP with video with any timeframes still Dropping ?Hi Guys This is my idea for now please press the like button and leave your comment if my idea will be the same as yours and if you like my idea as well please dont hestitate to press like and leave comments ;)
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EURGBP SHORTS 📉📉📉Price should retrace lower after rejecting an important bearish orderblock on h4, price filled all bearish imbalances and right now should be magnetize back above bullish imbalances around 0.84000, best case scenario target is around sell stop liquidity 0.83800 where a lot of buyers hold their stops.
What do you think ? Comment below..