💡Don't miss the great buy opportunity in EURGBPTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8563).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.8573
TP2= @ 0.8591
TP3= @ 0.8609
TP4= @ 0.8633
TP5= @ 0.8657
SL= Break below S2
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Eurgbplong
Wait for a buy setup with EURGBPH4 time frame.
The downtrend structure has been broken, the price is currently retesting the Key level at 0.85500.
Wait for the buying signals to appear here.
The profit target is the old resistance area at 0.86600.
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Wish you all have a good trading day!
EURGBP, 4hr tf, buy the end of wave-4
I am expecting further upside in this pair.
Price currently retracing to complete wave-4.
Notice that wave-1 and wave-3 are almost same length.
Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison.
Buy EURGBP 0.8558
Stop loss 0.8530
Take profit 0.8638 (2.8R)
Use only 1-2% risk
Good luck
Strong Fight between "EUR/GBP".1:Market in overall bullish trend .
2:Market Respecting Fibs Level.
3:Moving Average below the price.
RR:1:2.
Notes:
:Simplicity is a way to win.
:Trade at your own risk, wait for conformations on smaller time frames or whatever your approach is of conformation.
:It is all about probabilities.
:Look for News.
:Ideas for educational purpose only.
:Follow for more Ideas.
If any quire Comment on send me direct Message.
LONG POSITIONEUR/GBP technical outlook
The EUR/GBP trades around 0.8576 in between the 100 and the 50-daily moving averages, while the 200-DMA stands at 0.8710. In the short term, the pair is in an uptrend. Strong resistance lies at the confluence of the 100-DMA and a psychological round level at 0.8600, whereas the July 20 high at 0.8669 is the second resistance, followed by 0.8700. On the other hand, the first support is the 50-DMA at 0.8550, followed by the 0.8500 and then this year low at 0.8450.
Wait some retracement before going long. also wait for price to give you that full confirmation.
EURGBP TO CONTINUE SELLS?With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair.
We're keen as to what price will continue to do at this level.
We already see rejections at the level, and we're looking to pick up entries on the lower timeframes.
We're moving with the trend. It's the best we can do.
EUR/GBP in strong support level, possibility of a reversalEUR/GBP is struggling at the bottom of a range for a long time now.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.
Price is showing some signs of a rebound in a strong support level and so traders
can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the next target would be 0.8850.
EURGBP Is Expecting to Have Bullish Move
Welcome back Traders, Investors, and Community!
EURGBP on H4 it has been rejected 2 times from a significant Support. After the large green candle we expect a Bullish move.
⬆️Buy now or Buy at 0.8472
⭕️SL @ 0.8450
✅TP1 @ 0.8520
✅TP2 @ 0.8580
✅TP3 @ 0.8640
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EurGbp- Reversal underway?Since mid-July, EurGbp traded downwards and the pair also has broken under 0.85 important support
However, after this break, lows are marginal and without power
At this moment the pair is facing descending trend line and a break here should accelerate gains
0.8550 is a logical target for bulls. Also 0.85 is now resistance