EURGBP I Analysis update & risk management tip Welcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Eurgbplong
EURGBP / LONG TRADE IDEA✅💡Hello Traders!
I'm looking for a long trade on EURGBP. I see that FVG is partially closed, I expect it to be fully closed and after that, I will look for a long entry in case of confirmation.
Also, it could be a good opportunity to look for long trades in a smaller timeframe.
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EURGBPEURGBP pair has experienced a bullish trend in the 4-hour timeframe following a breakout above a significant resistance level. The correction phase, completing 50% of the last impulse, suggests strong upward momentum. With the completion of the Elliott 4th wave, the price is now advancing towards the next resistance level, potentially marking the conclusion of the Elliott 5th wave. This indicates a potential continuation of the bullish trend in the near term.
EURGBP I Potential rising trend and 50% fib rejectionWelcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Buy EURGBP Bullish PennantThe EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase.
Key Points:
Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the support line of the pennant. This offers an entry point close to the perceived continuation of the uptrend.
Target Levels: Initial bullish targets lie at the following levels:
0.8616: This represents the height of the pennant, measured from the top trendline to the bottom trendline, projected upwards from the breakout point.
0.8640: This is a further extension of the upside target, based on the height of the previous price movement before the pennant formation.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the pennant, ideally around 0.8560. This helps limit potential losses if the price breaks down from the pennant pattern.
Thank you
LONG EUR/GBP from .8545I've just gone LONG on this pair for the following reasons.
We've hit WS1 support pivot level and price is now moving away from it.
RSI on H1 was under 30 and now its reading 35.45.
MACD is still lagging behind but the BEARS strength has reduced significantly.
The Andean Oscillator was at zero and has now move away from zero with a reading of .00008.
Price has hit a recent Pivot Point SuperTrend BUY line.
My STOP on this trade is at .8537 which is a minimal 8 pips - this is a hard STOP and will not be adjusted.
Target initially is the WPP mid pivot at .8559 (+14) but if we reach that level and the BULLS are still in control, then I'll adjust the T.P. higher.
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block.
Fundamental news: On Thursday we have news with high impact on EUR, we will see results of Interest Rate.
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Falling wedge PatternPrice will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe.
However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe.
EURGBP - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Tomorrow we'll see results of yearly CPI on GBP
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EURGBP possible scenarioI see eurgbp now in a weekly support after long bearish movement i think the price will go up from here
🔼 EURGBP - BUY NOW - 🔼
AT : 0.8520
❌SL : 0.84533
✅ TP 1: 0.85702
✅ TP 2: 0.85942
✅ TP 3: 0.86235
✅ TP 4: 0.86602
⚠️VERY SMALL LOT SIZE THIS IS LONG TRADE SO SL IS BIG⚠️
GOOD LUCK TO EVERYONE ❤️
EURGBP Pair : EURGBP ( Euro / British Pound )
Description :
BEARISH CHANNEL as an Corrective Pattern in Long Time Frame
Completed Impulse Correction Impulse
RISING WEDGE as an Correction in Short Time Frame and Rejection from Lower Trend Line
BREAK OF STRUCTURE and Completed the Retracement at Demand Zone
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.86000.
Fundamental news: On Thursday will see results of Interest Rate on EUR. News with high impact on currency.
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EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
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