Looking at EURGBP ahead of ECB Rate Decision TomorrowAhead of the ECB rate decision tomorrow, the futures markets see almost zero chance we get anything other than a hold at 4.50%. This falls in line with other economies including the Bank of Canada which held rates earlier today.
From a technical perspective the Daily chart is back above the wedge breakout level. I took a Long this morning from 0.87140 after a nice rejection candle close yesterday, but price moved sideways and failed to push higher. This continues the pairs lack of conviction above 0.8700 which starts to make it more and more difficult to see price making a clean break higher.
So 0.8700 is the line in the sand tomorrow, if we see buyers really step up and drive price higher I'll be looking for more Longs, but if we fall back inside 0.8700 I'll flip my bias short, specially if we fall back inside after the rates have been announced.
Best of luck out there and I'll see you tomorrow.
Eurgbplong
EURGBP - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement and then to reject from bullish order block.
Fundamental analysis: On Thursday will be released Interest Rate on EUR followed by ECB Conference, based on the result and the speech we will see direction for the next couple of weeks.
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EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
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EURGBP: Riding the Bullish WaveEURGBP appears to be on a medium-term uptrend that began on August 23rd at 0.84922. Here's how it's been progressing from Elliott wave perspective:
First, there was a move up to 0.86105 (Wave 1) .
Then, an ABC correction in wave 2 brought it down to 0.85239.
The uptrend continued in wave 3, reaching 0.87094.
After that, a corrective wave 4 formed a triangle pattern and finished around 0.86328 .
Currently, we're anticipating the start of Wave 5, which should break out of the triangle pattern, indicating an upward move. The best approach is to wait for the price to pass 0.86550 and possibly retest it on a shorter time frame before considering a long position.
Our target for this uptrend is 0.87405 . This outlook becomes invalidated if price breach the 0.86103 price level.
EURGBP - Potential long ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow will be released yearly CPI on GBP, one of the most important news, so if the result is positive, we can see the retracement.
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EURGBP Short Term Buy IdeaH4 - Bullish trend pattern followed by a double wave correction.
Price respected a strong support zone and bounced higher.
Most recent downtrend line breakout.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong support zones hokd my short term view remains bullish here.
EURGBP Long Term Buying Trading IdeaHello Traders
In This Chart Forex ForecastEURGBP DAY By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
EURGBPEURGBP is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.8700.
EURGBP a break out could change everything very intense scenario going on eurgbp at the moment
analysing the weekly tf looks to me like the price is bullish , the price formed a double bottom broke and retested neckline .
but on lower tfs looks like something else the price formed a double top on daily and decending triangle on 1hr .
the neckline of the double to in daily is also accompanied with 100 and 200 moving averages if the price manages to break all of them without a doubt we will see a bearish move
All in Long EURGBPOn the weekly, #EURGBP
is very bullish and it is making a corrective wave 4, take a buy from here to 0.88 and possible to the moon.
Sellers are finding it difficult for them to push the price down because it is very bullish.
Never counter a trend,
Follow the bullish trend and go long!!!!
Don't miss out of such breakout trade as weekly is very bullish.
Always buy on a correction.
Trading with the trend is easier than being against the tide.
#forex FOREXCOM:EURGBP SAXO:EURGBP #elliottwave #wave theory
EURGBP 04/10 MovePair : EURGBP ( Euro / British Pound )
Description :
Completed Corrective Waves " ABC " in a Corrective Pattern " Rising Wedge " and Impulsive Waves " 1234 " in a Corrective Pattern " Bullish Channel " in Short Time Frame if it Breaks the Lower Trend Line of Bullish Channel / Rising Wedge and Retrace then Sell
EURGBP MID-WEEK ANALYSIS-UPDATE 24/09/2023In the upcoming days, I'll be closely monitoring EUR/GBP with an expectation for a further continuation of the current uptrend, aligning with its recent movements. However, if the prevailing trend were to shift, we would need to consider a bearish scenario instead. Stay tuned for real-time updates as we navigate the evolving market conditions. 📈📉 #EURGBP #Uptrend #BearishScenario
EURGBP - Potential retracement ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: As we can see here price started to form higher highs and higher lows, so we are in a bullish market structure, now I expect we could see a retracement after price took out buy side liquidity. I look for a long if price fills the imbalance lower and then rejects from bullish order block.
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EURGBP Long Term Selling Trading IdeaHello Traders
In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURGBP WEEKLY DOUBLE BOTTOM ? Very BULLISHHello traders ,
today i took a look at EURGBP the pair looks very very bearish to me. here our your clues
Weekly TF
Double bottom on key level formed
Broken bearish trendline
Broken neckline with strong bullish candle.
i believe the trend has reversed the pair is bullish now you should be looking for buying opportunities.
EURGBP - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow will be released yearly CPI on GBP and on Thursday Interest Rate. These are important news which will indicate the structure for short and mid term perspective, so pay attention to the results in order to validate the analysis.
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EURGBP I Headed for top of the rangeWelcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
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