Eurgbplong
10:1 EUR/GBP Trend Developing***Not Financial Advice***
The EUR/GBP has rotated off of the lowest major framework box in its range signaling that we are headed toward the opposite side of the range, or 1000 pips away at minimum. See EUR/USD for a preview of what this market could do.
With the EURO Rate Decision set for Wednesday this week, this could be a high impact event that catalyzes price to start trending.
With many factors lining up in our favor, and the wind to our back, this is a trade setup where you can consider placing a heavier position than normal.
Multiple trade factors coalescing into a singular conclusion is like being dealt pocket kings. There is still some risk that you're wrong about the trade, but you have the option to be more aggressive in how you play them (read: consider lotting up).
May the odds be ever in your favor
***Not Financial Advice***
Euro against pound is ready for long Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:NZDCAD
We can see market is strugling near its previous resistance and currently standing near its a strong support in D1 Support level.
So we are expecting more rise near Trendline,Then we can expect a strong bull run after the formation of Head and shoulder.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EURGBP STILL IN UPTRENDEURGBP reached key technical support yesterday which is marked by the lower boundary of the broad 1:1 structure. Support at 0.8460 is also marked by the 50% Fibonacci retracement of the recent bullish swing started in March 2022.As long as the rate is above the 0.8460 area, we can expect the the pair to continue its upward movement. Moreover, the recent downward move looks like an ABC correction, confirming the bullish scenario.
EURGBP: Who from the weak?!EURGBP
Intraday - We look to Buy at 0.8425 (stop at 0.8395)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.8515 and 0.8600
Resistance: 0.8460 / 0.8600 / 0.8720
Support: 0.8400 / 0.8325 / 0.8200
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EURGBP | SELL ON BREAKEURGBP has been trending for a while now. The price looks a little slowish at the top. It can be the distribution of the price. The barometer for the sell trade is the break of the horizontal support zone and a rising trendline.
Expect the price to move down if it breaks successfully.
EURGBP Long - Dow Theory and Bullish Indicators - Week 03 02EURGBP Long position on basis of HHs and HLs as learned in Dow Theory and on basis of bullish indicators in the bearish trend.
- Inverted Hammer, Bullish Engulfing, Tweezers Bottom has been marked
- SL is last HL
- Placed pending order for mentioned entry point.
EURGBP June W.5: Long-term trend signalHi friend, I hope y'all having a profitable week ;)
Today, we have a long-term trade on this baby. I've been waiting for this trade for 3-4 weeks; I shared an idea on it that failed this month (check the previous posts). Despite that, we got another opportunity, so let us look at how the trade triggered and how we will get out exit signal.
Bulls: -When the price bullish broke and retested the Weekly Neckline together with the 50 and short-term m.a's, it triggered our first trade that we didn't catch. After it did that, it proceeded to bullish break and retest 3rd Weekly Key Lvl on the lower time together with the 200 m.a that's visible on my MT4 chart. So we got 2 trades here, but we hopped on 1 trade, and I call the trade we're in, a "Double Bottom A-E.2 BUY signal".
Bears: -If the price closes with a bearish reversal candle pattern below the 4th Weekly Key Lvl and 200 m.a, that's followed by a bearish break and close below the 8 m.a, then we'll close my trade.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know you thoughts!
Stay Blessed,
Doji-2k1.
EURGBP BULLISH OUTLOOKEUR is gaining in value due to the expectation that ECB will raise interest rates, something that had not happened in more than a decade.
Against GBP the price broke the resistance of the triangle pattern on the 4H graph forming a bullish outlook, which, if gets confirmed, might see the price of the pair testing 0.87 On the other hand, if the bullish scenario does not come to fruition, the price will most likely test the support of the triangle at 0.8568
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EURGBP | FINAL leg up before DOOM??Market structure is in clear uptrend since we constantly have higher highs and lower lows. EW counting suggests Zigzag (ZZ) pattern is about to be completed with one more leg up. Expect them to end around 0.885-0.89 where 1.0 fibo level lies, then we will look for short entry later.
EURGBP: Head & Shoulders Trap 🚨Don't trade the head and shoulders pattern the retail way, trade it the smart money way.
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If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
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When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
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If you locate the correct demand, you can buy into seller stop losses and profit both ways.
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This is a great example of manipulation 👁
I will be joining buyers at the next demand.
EUR/GBP bouncing off daily trendline with a LTF patternHey traders, nice setup is presenting itself on FX:EURGBP .
As you can see, on Friday we got a bounce off a trendline on the daily chart.
And on the hourly chart, we can see an ascending triangle with a nice role reversal level.
I'm looking to enter on a hard retest. Fist profit target being the 0.863 local high and main target the recent swing high at 0.874.
EURGBP potential longBased on my analysis we can see that from a daily perspective we have tested the 0.786 fibonacci level. Should the price action in the coming days break above the blue resistance zone which the market has been stronglyattracted to, we could potentially see a break to the upside. From a weekly perspective we have created a candle with a very long wick on the top which the market tends to fill. So if we get a weekly close with such a candle shape we can expect next week to be potentially bullish. However, if the market fails to break this resistance zone, my setup will prove invalid. Thank you for viewing. Please Comment your thoughts on this below.