EURGBP: Bearish Momentum Building, Potential Selling OpportunityThe EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement.
Several technical indicators support this bearish outlook. The pair's recent price action has formed a series of lower highs, indicating a weakening upward trend. Additionally, the 50-day moving average has crossed below the 200-day moving average, signaling a potential shift in market sentiment towards the downside.
Traders may consider entering a short position if the price breaks below the immediate support level at 0.8663. A potential profit target could be set near the next support level at 0.8600, with a stop-loss ord er placed slightly above the recent resistance at 0.8702 to manage risk.
It is important to conduct thorough analysis and closely monitor market conditions before executing any trades. This idea should be considered as a suggestion and not as financial advice.
Eurgbpshort
Potential swing trade short on EUR/GBP EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices.
Prices are consolidating near the cycle lows on the 1-hour chart within a potential bear-flag pattern, and the flag projects an approximate target near the December low / daily S2 pivot point. A weak inflation report for the Eurozone later today could help send prices directly low.
However, should prices instead recycle higher first (which seems plausible given the magnitude of the bearish move) then bears could look to fade into the daily pivot point ~0.8610 or the volume cluster around 0.825.
Given the strength of the downtrend, we’d view a retracement higher as an opportunity to increase the potential reward to risk ratio.
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are bearish from daily perspective as we have huge imbalance lower that has to be filled. I expect price to make a retracement to fill firstly the imbalance higher and then to reject from 4H bearish order block + institutional big figure 0.88000.
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📌 Potential SELL setup for: EUR/GBP👩🏽💻Technical: Taking a look at the EURO, it's shown some weakness recently, unable to break the 0.88650 level despite several attempts. With daily support now broken, and a completed push > exhaustion cycle that also includes a rejection of the MA 200.
🎯 For an ideal entry: The price is currently within the channel. You could consider entering now, targeting a decent gain of approximately 20 pips before a potential re-test of the previous bottom. Alternatively, you might prefer to wait for the H1 closure for further confirmation.
EURGBP Buy for scalpers and sell for day traders?EURGBP looks good for sellers, however we would not want to sell at the first POI as price would still be cheap (In the discounted area) from the swing high that created that BOS. Otherwise, the second OB should definitely give us opportunities to go short.
All the best!!!
EURGBP Short Term Sell IdeaH4 - Bearish divergence.
Lower lows.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
eurgbp long welcome
here is my eurgbp long idea
its based on
market lost levels dramaticly from 27th to 1st may, no retest of lost levels happened
on 1st may we created a higher high / low and it seems we magnatified by the weekly pivot (currently trading under)
in order to retest lost levels we will get in the area of broken weekly pivot of last week where alot of pa happened
market is bearish on higher tf like m, w, d
if the retest would not accour i will look because of bearish higher tf´s for good short trades to swing down
im thankful to see how this setup plays out
EURGBP - Bearish Trend Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: As I said in my previous analysis, I was looking for a short if price takes buy stop liquidity, fills the imbalance and rejects from bearish order block. All of these aspects were confirmed, so I opened a short position.
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W9.1-31 EURGBP BEARISH IDEA (HARMONICS BEARISH PATTERN)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of Harmonic Bearish reversal Patte coupled with bearish divergence at potential reversal zone (PZR)
Entry at LL on the basis of harmonic reversal pattern and support and resistance.
SL & TP Levels are defined