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.
Eurgbpforecast
EURGBP (Bearish)Price seems to be consolidating from a Daily perspective on EURGBP & seems to be heading towards the Daily support level.
EURGBP top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
EURGBP Long IdeaPotential buy on EURGBP, trading above 200 ema and bounced off support zone. could see some upside from here
SL : 0.87565
TP1 : 0.8823
TP2 : 0.8860
TP3 : 0.8890
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 0.8810 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP TradingView H1Here is my view for EURGBP on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP SELL SETUPI expect the market to test this trend line and then go lower.
ENTRY : 0.8835
TP : 0.8635
SL : 0.8935
*Trade at your own risk
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 BUYSHello Traders, If EURGBP fail to break 0.87766 then we would expect bullishness from that level looking at the daily TF 0.87211 is our main lows on The daily TF and also it’s a fib 0.61 fib area…
So going down to H1 TF zone 0.87766 Is also an area of interest which is also our lows on H1 still also a 0.61 fib level
EURGBP H1Here is my view for EURGBP on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP BUYHello traders, let’s focus on EG, we have a clear view of price at this point, we broke a Trend line and we have a retracement back and we are looking to buy at this point, tell me what you guys think about this trade guys
EURGBP Prediction H1Here is my view for EURGBP on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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-500+ BUYING OPPORTUNITY DO NOT MISS OUT!EURGBP- we did not have a clear movement on this pair especially when both currencies have the same momentum demand and supply. We are expecting price to continue dropping until it drops to our area of entry!!!
Between a level and a zoneThe market is caught up between the supply zone and liquidity pool. By the look of things, it is potentially approaching the liquidity pool. With this being said, we patiently wait and see how it plays out, but the immediate idea is to drop short to the pool, when that happens, then we buy long to the supply zone…
EURGBP WEEKLY ANALYSISFX:EURGBP
Currently we can see that this pair is in a downtrend and could still keep pushing down although, I am currently in a short position on this pair, But we could also see price reject that support level and head back up. So lets just see how it goes
EURGBP LongList of confluence:
1: Breakout and retest of Key Level
2: Change in market structure from bearish to bullish
3: Trendline breakout
EURGBP, D1 Technical Analysis | 14 March, 2023Bullish channel
Symmetrical triangle
High possibility to break the triangle in upside
A possible drawdown experienceThis situation is looking indecisive because of the long bearish candlestick that went through the demand zone, now we have this nice correction that could lead to a massive bearish breakout or it could be a proper retest to validate the demand zone and make a bullish breakout, quite interesting. How the market reacts to this condition will determine the ultimate move, the main priority remains bullish, we’re looking for a clear buy opportunity. If we experience the bearish drawdown, then we’ll buy at the 4h order block if price doesn’t reach the demand zone…
EURGBP top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
EURGBP Cup and Handle target to 0.9312 with a warning due to SMCThe EURGBP formed a Cup and Handle recently, broke out of the brim level, then went right back to retest.
Buyers and sellers are consolidating but looks like with the higher lows we could see buyers win..
7=21>200
RSI>50
Target 0.9312
SMC Warning
If you look back you'll notice a LARGE candle with a big wick. This is where Smart money came in and took out all of the stop losses on the supply side.
This marked a level of liquidity. Then recently, when the price broke above the Brim Level, it tested this high again which is where liquidity was swept, which lead to downside again...
Now we need a new low to form (higher low) and then the buying pressure will kick in and smart money could make a new level of liquidity but on the buy side.
The trade signal is in according to the patterns, now we need a strong move up.
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 RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8958 LEVEL. And after that EURGBP can be SELL to 0.8758 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP Short IdeaPrice knocking at the resistance area, could potentially see a push down from here
TP1 0.88900
TP2 0.88600
TP3 0.88000
SL @ 0.89500 or according to your equity
