Eurgbplong
EURGBP potential longLooking for potential bounce here in range. Then potential shorts from 0.618 fib. I will look to take some profits here and evaluate again nearer the target. Some potential for some pips though. Always risk what you can afford, and follow an appropriate risk management strategy.
EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
EURGBP, tries to break the strong support, LongEURGBP, tries to break the support but the momentum is WEAK.
+ Oversold
+ The Momentum is weak
+ The price action tells further advance
EURGBP BUYSTOPeurgbp is consolidating and its in a correction move wait for the 3rd touch in small support area and take a buy order , as expected it will break impulsively and will give good profits ( I anlysed it for hours and its expected to move up according to my analysis ) MULTIPLE TIMEFRAME ANALYSIS
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FALCON STRATEGY
EURGBP BUY! Going Up!,Good Luck tradersHello Traders, here is the full analysis for this pair
Watch strong price action at the current levels for Buy. GOOD LUCK! Great BUY opportunity in EURGBP ..
I still did my best and this is the most likely count for me at the moment.
EURGBP BUYA downtrend is likely to reverse now as it is having multiple touches in downtrend and now it touched the weekly trend line and a strong bullish candle is formed in 1H time frame , put a buy limit few pips above the small 1H structure amd then be patient 🙌
EurgbpGood luck to you!
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This is just an idea, not financial advice.
EURGBP: LONG Idea on this CHANNEL'S SUPPORT levelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since December, the price started following a clear descending channel, many bounces on the dynamic support level confirmed this channel.
At the end of December, the price reached a daily resistance zone at about 0.90882, getting a strong rejection and it also failed the second attempt happended during the first week of January.
The price actually reached an important area for two reasons, the first one is the dynamic channel's support and the second reason is about the weekly secondary trendline, that previously rejected the price three times. The next price action is essential to understand the next market's movement.
CONCLUSION:
I believe the price will get a trend correction, trying to reach the next resistance level. The volatility is actually high and the price overbought, that is essential to know in this specific moment.
IF THE PRICE will clearly bounce on the support level, we could get a great long opportunity, my first target is around the level 0.89900 and eventually the price will continue the uptrend I'll hold my position until the next resistance zone at about 0.90900.
Stay tuned for updates!
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Trade Safe and Responsibly
Gianni
Bullish Alt Bat PatternEURGBP BULLISH ALT BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (0.89339)
Take-Profit 1: (0.89832)
Take-Profit 2: (0.90225)
Stop-Loss: (0.88817)
Max Risk-Reward: (1.70)
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EUR/GBP could get interesting to BUY!Hey tradomaniacs,
EUR/GBP could get interesting if we see momentum back into the Trendchannel and above Key-Support👉
Since EUR/GBP is not trendy in the bigger timeframe and more in a volatile consolidation we can expect EUR/GBP to move up again of we don`t see a violation of the key-support-zone.
Market is generally very quiet today, so be carefully with volatility and shake-outs.
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Peace and good trades
Irasor
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A buy setup for eurgbpelliott wave count on eurgbp. price is expected to move down to complete the wave e of the triangle B. after that, price is expected to move up hence completing the wave (c) of zigzag abc of the subdivision of wave B.
EUR to outperform GBP?Tension seems to be growing in #EURGBP cross.
Expect exit up from the triangle/wedge towards 0.9750
Stop can be pretty tight in that Long position scenario.
EURGBP LONG SETUPRejecting the EURGBP 200 MA line, it swayed upwards. The old resistance is seen as a bounce back to the active pattern as a support. The forecast is presented because there is some clear technical confirmation
EURGBP LONG Which means my bias on gbpusd long was incorrect. I’ve been seeing this inverted h&s on EG. Waiting for the breakout.
EUR/GBP- Flag PatternEUR/GBP has made the flag pattern on the 15m timeframe. To complete the flag pattern, the trend will hit 0.9056 - 0.9066 .
