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EURGBP to find sellers at previous resistance?EURGBP - Intraday Previous resistance located at 0.8350. The lack of interest is a concern for bulls. We look for a temporary move higher. Preferred trade is to sell into rallies. We are trading at overbought extremes. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.8345 (stop at 0.8367) Our profit targets will be 0.8290 and 0.8275 Resistance: 0.8325 / 0.8350 / 0.8375 Support: 0.8306 / 0.8295 / 0.8280 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Sell EUR/GBP Channel BreakoutThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8340 2nd Support – 0.8305 Stop-Loss: To manage risk, place a stop-loss order above 0.8422. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
6
EURGBP to attract buyers at market price?EURGBP - 24h expiry Yesterday's Marabuzo is located at 0.8412. The primary trend remains bearish. Preferred trade is to sell into rallies. Trading has been mixed and volatile. We look for a temporary move higher. We look to Sell at 0.8412 (stop at 0.8434) Our profit targets will be 0.8357 and 0.8347 Resistance: 0.8397 / 0.8420 / 0.8448 Support: 0.8369 / 0.8353 / 0.8340 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
7 Dimension Sell Setup for EURGBP😇 7 Dimension Analysis Top-Down View: A daily internal swing breach indicates the possibility of a retracement to fill the Daily Fair Value Gap (FVG) area. Additionally, an H4 Change of Character (CHoCH) along with a major swing liquidity sweep suggests a move towards the H4 inducement area, which aligns with the H1 decisional order block and the Daily Bullish FVG, creating a robust buy Point of Interest (POI) for long-term entries. However, in this 15-minute analysis, we focus on the short-term bearish momentum for a counter-trend sell entry. Analysis Time Frame: 15-Minute (15M) Swing Structure: Bullish with BOS (Break of Structure): The 15M structure is bullish with a valid BOS, which took an inducement to confirm a swing high. Discount Zone: We’re waiting for the price to enter the discounted zone to mitigate the POI, which has been refined across multiple time frames. The target area is between 0.8340 and 0.8420, where liquidity is expected to be resting. Pattern: 🟢 Chart Patterns: Flag Pattern: An H1 flag pattern indicates strong sell-side momentum, reinforcing the idea of a retracement within this bullish structure. 🟢 Candle Patterns: Momentum Candles: Strong momentum candles closing bearishly indicate solid selling pressure in the area of interest. Volume: A noticeable increase in volume on the last candle suggests significant interest from sellers, supporting a bearish bias in the short term. Momentum (RSI): 🟢 Super Bearish Zone: Momentum is in the super bearish zone with a clear range shift, indicating that bearish pressure may continue in the immediate term. Volatility (Bollinger Bands): 🟢 Contraction and Squeeze: Following a volatile move, price contraction has led to a tight squeeze on the bands. A clear “M” pattern has formed within this squeeze, and we now expect a continuation of bearish momentum with a “walking on the band” move on the downside. Strength (ROC and DMI): ROC and DMI Analysis: The Bearish DMI line is sharply increasing, indicating strong bearish momentum. The setup suggests an anticipated strong selling attempt as the market opens. Rating: ⭐⭐⭐⭐ Probability: 75% Overall, the analysis provides high confidence in a short-term pullback, with several technical indicators and patterns supporting a temporary bearish move. Trade Setup: Entry Details: Entry Time Frame: 15-Minute Entry TF Structure: Bullish (counter-trend) Point of Interest (POI): Recent Order Flow Trade Execution: 💡 Decision: Sell Limit 🚀 Entry: 0.8379 ✋ Stop Loss: 0.8391 🎯 Take Profit: 0.8340 😊 Risk to Reward Ratio: 3.25 RR 🕛 Expected Duration: 1 Day SUMMARY: This short-term sell setup targets a counter-trend pullback within a larger bullish structure on the higher time frames. With multiple confluences including strong sell-side volume, bearish flag patterns, and clear RSI bearish momentum, this setup anticipates a retracement to the identified support zone. A Sell Limit order at 0.8379 seeks to capture the downside move towards 0.8340, offering a favorable 3.25 RR.
Short
by Optimum369
EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024 EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP. H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease. /// SELL EUR/GBP : zone 1.83780 - 1.83980 SL: 1.84250 TP: 60 - 120 - 200 pips (1.81980) Safe and profitable trading
Short
by Moon-ForexAcademy
1
EURGBP to find sellers at market price?EURGBP - 24h expiry The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Selling spikes offers good risk/reward. 20 1day EMA is at 0.8343. We look to Sell at 0.8355 (stop at 0.8375) Our profit targets will be 0.8290 and 0.8280 Resistance: 0.8322 / 0.8340 / 0.8352 Support: 0.8315 / 0.8295 / 0.8280 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
EURGBP:More Selling Is Indicated Next-week. Long positions soon. An easy trend following Short of EURGBP, forget the complexities of for-example trading Gold, this one was 'in the bag' as a Short all week. Just pull up a 4 hour chart and it looks so easy! Further Short-selling I think next week of EURGBP but if you take a look at the monthly-chart below you will see where the 200EMA-Monthly has supported price previously and lots of historical buying from Order-blocks from 0.8250 to 0.8316. So a Short from current price 0.8377 should work well but I think buying accumulation from 0.8316 - 0.8250 and I think before long EURGBP which is severely oversold even on a weekly & monthly-timeframe, will get a bounce in price - but for how long? Sellers could move back-in very quickly if the EUR does not bounce back with strength - Sellers would next time Short the EUR through and south of the monthly 200EMA.
Long
by Easy_Explosive_Trading
EURGBP to find bears at market price?EURGBP - 24h expiry We are trading at oversold extremes. We look for a temporary move higher. Preferred trade is to sell into rallies. The primary trend remains bearish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 0.8320 and 0.8305 Intraday - We look to Sell at 0.8370 (stop at 0.8390) Resistance: 0.8352 / 0.8375 / 0.8390 Support: 0.8340 / 0.8330 / 0.8317 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
$EURGBP | Sell Trade | Market Exec |Technical Confluences: Price action is bounced off an Interest Zone and created a newer low Price is breaking through a support trendline To note, Stochastics is moving into Oversold conditions but fundamentally, there is support for OANDA:EURGBP to be weaker Fundamental Confluences: This FX pair is a trade-related pair and normally doesn't move much against one another unless there is a change in fiscal or monetary front In this sense, we got a gauge of how both central banks, ECB and BOE stance are. ECB is taking on a data dependent stance and is trying to resist cutting interest rates while BOE sent out a hawkish note the other day that majority of them do not want to cut rates Naturally from a yield perspective, holding GBP compared to EUR is more attractive and this is what we are aiming for. ----- Will be taking on a short OANDA:EURGBP position when market reopens on Monday. This trade may take some time to complete as it there is normally not much action with this pair except during London's trading hours. -----
Short
by weekendanalyst
EURGBP to find sellers at marabuzo resistance?EURGBP - 24h expiry Broken out of the channel formation to the downside. Yesterday's Marabuzo is located at 0.8431. Preferred trade is to sell into rallies. The primary trend remains bearish. We look for a temporary move higher. We look to Sell at 0.8430 (stop at 0.8446) Our profit targets will be 0.8390 and 0.8375 Resistance: 0.8420 / 0.8430 / 0.8445 Support: 0.8415 / 0.8404 / 0.8380 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURGBP | Hidden Bearish DivergenceCurrently, EURGBP is in an uptrend, making new higher highs and higher lows as the price moves upward. However, a double top has formed, and the price has broken the recent low, indicating that the structure is beginning to shift into a downtrend. This suggests the market may soon start printing new lower highs (LH) and lower lows (LL). Additionally, on the 4-hour time frame, there is a hidden bearish divergence, further indicating a potential trend reversal into a downtrend. The combination of the double top formation and the hidden bearish divergence strengthens the likelihood that the trend will change, leading to the formation of new lower highs and lower lows. In summary: 1: Current Uptrend: EURGBP has been making higher highs and higher lows. 2: Double Top Formation: Suggests a potential reversal at a key resistance level. 3: Break of Recent Low: Indicates a shift towards a downtrend. 4: Hidden Bearish Divergence: On the 4-hour time frame, confirming the likelihood of a trend change. 5: Expectation: The trend may soon shift to a downtrend, with new lower highs and lower lows likely to form. These confirmations suggest that while the EURGBP has been in an uptrend, But rejected from its daily supply zone the recent developments point to a possible reversal into a downtrend. It is important to monitor these indicators closely and consider them in your analysis before making trading decisions.
Short
by awaisulabdeen
10
Sell EUR/GBP Bearish FlagThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8428, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8396 2nd Support – 0.8377 Stop-Loss: To manage risk, place a stop-loss order above 0.8440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
5
EURGBP Short Opportunity Descending Channel: The price is moving within a descending channel, indicating a bearish trend. The current price action suggests a continuation of this trend. Moving Averages: The 200-period Simple Moving Average (SMA) is above the current price, providing resistance and confirming the bearish outlook. The 50-period SMA is also above the price, acting as additional resistance. Trade Justification: The descending channel indicates a bearish trend, and the presence of resistance from moving averages further supports the case for a short position. The proximity of the current price to key resistance levels increases the likelihood of a rejection and a move lower.
Short
by Metow1sw
1
EURGBP "Chunnel" Bullish Robbery Plan on Long SideMy Dear Robbers / Traders, This is our master plan to Heist EURGBP bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader