EURGBP Slow moving but likely to fall to supportWelcome back! Let me know your thoughts in the comments!
**EURGBP - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Eurgbpshort
💷The pound is getting up on its feet💷💶Eur/💷Gbp analysis Eur/Gbp analysis
🚀In recent days, we have seen a massive purchase of the British pound following a speculative attack on this currency.
🚀It seems that the Euro has lost significantly compared to the British Pound. The price of the Eur/Gbp was pulled back to the levels before the massive breakout, which could be caused by the interference of the central
bank.
🚀From Friday's information readings, for the first time in history, inflation for the euro area has become two digits and is as high as 10%. The main component of the infomation is the increase in energy prices in the Euro zone.
🚀It is also worth noting the increase in the unemployment rate in Germany, which already amounts to 5.5%
🚀The increase in market interest rates in Great Britain, forecasting that the interest rate in Great Britain could reach 6% next year, had an impact on investors and the British Pound became an interesting asset.
💵 Do you like the analysis? Follow the profile 💵
EUR/GBP - SHORT TRADE SETUPToday the market gives me lemons, so I'm trying to squeeze some lemonade for us to enjoy :D EURGBP has broken past daily MA's of 20/50, heading towards the MA 100. We can see a nice 1-hour descending triangle pattern structure being broken, suggesting bearish power in the market. Based on the new hedge fund report, the euro has been sold off against the pound. This pair might be a slow burner, but the setup looks like a great sell opportunity.
EURGBP This Week: What's New ? Good Evening,
Despite of the meetings the European Central Bank did and especially Bank of England in which it raised the inflation recently, we need to talk in technical analysis language and in an easy simplified language in which traders out there can claim what's going on.
So here are the key points:
- There is bearish order block set in 0.87081 level which is a good sign we're still safe going bear, in addition to a character of change that was broken below from the previous lower low.
- Speaking of EMA's, the current candle is ready to the 50 EMA. Hopefully, things are still going in our favor (for those who are willing to go short).
- In sort of Technical Indicators, the very most popular indicators, MACD, for example, admits
strongly for going short in addition to RSI, was previously overbought and still in a high level.
I can go much more further and give more and more advanced analysis, but I like to keep things simple and easy to catch so traders can find my analysis quite handy.
EURGBP SELL IS THE MOVE yo whats up guys , welcome to another new analysis today we have EURGBP i believe its about to go down and here is why :
first of all we have
- Last monthly candle closed as a big hammer with a huge wick which signals the Sellers are dominating
- and on the 1D T.F we can see a head and shoulder pattern being formed on a KEY level as neckline and under a falling trendline which had few breakouts
- the Neckline was not only broken but was also retested we might be having a bearish move comming soon
this is not financial advice this is just a point of view
personally i will wait for a little bit more confirmation and enter on a sell asap
EURGBP - Breaks the support ✅Hello traders!
⁉️This is my analysis on EURGBP .
As I said in my previous analysis, here price first rejected from support and then filled the imbalance above. After that price rejected from bearish orderblock and I expect price to break the support and re-test it for a short position.
Like, comment and subscribe to be in touch with my content!
UPDATEWhat to Watch: EUR/GBP
This busy trading week is off to a bit of a slow start, so I’m just looking at this simple trend play on the short-term chart of EUR/GBP.
The pair has formed higher lows and higher highs inside a rising channel that’s been holding all month, and it looks like another test of support is due.
Using the handy-dandy Fib retracement tool on the latest rally shows that the 61.8% level lines up with the channel support at .8685 while the 50% level is closer to an area of interest.
EURGBP UPDATE: SELLINGIn that simple EURGBP chart analysis, the price has fallen out of the wedge to the downside, showing that a bearish move is about to start, as the price has failed to make a new high, and it's currently respecting the resistance level in the h1 timeframe. Also, a bearish engulfing candle has formed below the resistance line, showing us the signal to short this market. Entry: market; stop loss: 0.8775: take profit1 0.8737; take profit2: 0.8723
EURGBP BIAS: BEARISHGood morning there. Currently, the EURGBP has broken out of the wedge to the downside. The price is respecting the resistance and an engulfing candle has formed on H1 right now, showing us a cool bearish signal. Watching the analysis in the chart, you will see clearly what is going on in the EURGBP MARKET. YOU CAN TAKE A SELL ORDER NOW. 0.87153 is our profit target area. Your stop should be at t 0.87850. 1:3RR