EURGBPEURGBP has been on a downward trend for some days, I expect the downward movement to continue, from currently position, I am expecting EURGBP to move downward and make a new lower low.
Eurgbpshort
EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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Which one ? SELL or LONG ?Hello Traders, I hope you doing great.
for upcoming week, we'll have two option.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
if this post was helpful to you, please like and share.
EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
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 look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block.
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EUR/GBP SELL STOP at .8620Yesterday I SHORTED this pair from just below the WR1 pivot.
There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was.
All releases came out in green numbers and inevitably this gave a boost to the EUR.
Key now was the realease of the same data out of the UK.
This too came out in green numbers for Services amd red for manufacturing (mirroring the French and German print).
Before all this data EUR/GBP was drifting lower and I expect this direction south to continue.
However. The price has been stuck at 25 EMA which has so far supported the price and prevented EUR/GBP BEARS from driving the price south.
We need to see this EMA broken so in anticiaption of this, I've set a SELL STOP at .8620 which is 6 pips under the currenct price.
ON the H1 time frame RSI is declining as is MACD.
The red SELL line of the Andean Oscillator is rising and the green BUY line has crossed the signal line.
All these are BEARISH signals so its likely we may see the price decline.
There's Manufacturing and Services news out in the US at 14:45 but its uncertain how this will affect the market.
If the trade is triggered then place stops above the 25 EMA and look at the WPP pivot at .8583 as potential target though momentum will (as ever) determine stops and take profit.
SHORT EUR/JPY from .8642Since the middle of last week we have seen all GB P pairs selling off.
GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south.
Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these at the start of week and plan for when/if the price hits.
In the last few hours we can see GBP is rising.
WS1 has been hit across several GBP pairs and its clear that there is some BULLISH momentum around.
Obviously, if GBP is rising then EUR/GBP will fall.
The price has just failed to reach WR1 and its not impossible EUR/GBP BULLS may try to take the price to this level but its also possible that EUR/GBP BEARS will jump on this pair and drive the price south.
RSI was as high as 88 a couple of candles ago but now is reading 73.
MACD on the lower timeframes is signalling SHORT and the Andean Oscillator sees the red SELL line reading over zero having been flat.
The path of least resistance is south and the BULLS have it all to do to push back into overbought to move the price higher.
STOP for this is a hard stop at .8650 (8 pips) and the target initially is .8583 which is WPP mid pivot though the I'll close the trade if there are signs of any BULLISH recovery.
EUR/GBP H4 | Rising to 61.8% pullback supportAccount FP - #1080732
EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 0.85498 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.41
Take profit 2 is at 0.85412 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28
Total risk 1.3%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
EURGBP Analysis (10th April 2024)
Market Analysis PT2/2 (9th April 2024)
EURGBP Analysis
On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well.
In order for price action to continue shorting, i expect price to pullback into either the FVG or the Orderblock before creating a 15 minute Change of Character to continue shorting.
Should the FVG be tapped and rejected, i expect a sharp rejection off the FVG, not a slow one. If a slows rejection shows up, highlikely hood for price action to fill the FVG and tap in to the Orderblock before seeing some proper rejections.
Make sure to risk less if you do take this set up as there is CPI and FOMC coming up later on during the NY session.
EURGBP: Exploring a Potential Sell OpportunityCurrently, EURGBP is exhibiting bearish institutional order flow , leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the downside, facilitating smooth movement through inefficiencies such as Liquidity Voids and Fair Value Gaps towards the Order Block.
I have considered taking a Risk Entry Trade off the H1 Order Block, with the Stop Loss positioned at the high of the Order Block.
Kind Regards,
The_Architect
EURGBPThere has been a reaction to the downward trend, but there is weakness in the correction and as a result, the power to rise. The targets have been identified
EURGBP BUY PossibleDetailed EUR GBP forecast as well as a Euro British Pound technical analysis via moving averages, buy/sell signals, and common chart indicators.
EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Consolidation Phase
Completed " 12345 " Impulsive Waves
EURGBP Trade Idea - VideoRegarding the previously posted EURGBP trade idea, this video provides an explanation of the thought process behind considering this trade opportunity.
On the 1-hour timeframe for the EURGBP currency pair, the price has broken through the established structure to the downside. We can observe the formation of lower highs and lower lows, indicating a potential bearish trend. The plan is to look for a short entry on a retracement, targeting the previous low levels as indicated by the chart markup. This information is presented for educational purposes only and should not be considered financial advice.
EURGBP Trade IdeaThe EURGBP on the 1H time frame has broken structure to the downside we can see lower highs and lower lows and we're looking for an entry short on the retrace targeting previous lows as shown on the chart markup. For educational purposes only, not financial advice.
EURGBP Risky Short!EUR-GBP is making a bullish
Rebound towards the horizontal
Resistance level of 0.85686
And after the retest I believe
We will see a bearish correction !
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block.
Fundamental news: On Thursday we have news with high impact on EUR, we will see results of Interest Rate.
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Pattern within a pattern confirmation // EURGBP shortA reversal channel pattern is forming on the 1hr time frame, within a bearish flag that was formed in a HTF (4hr - Daily) of the EURGBP. If the price completes the reversal channel pattern, then there's a high probability of price dropping towards the weekly support area or reverse on the trendline that was formed by the falling wedge Pattern on the HTF (Daily).
Place a pending order on the 15m time frame near the top of the reversal channel that is potentially forming currently.
🐂(EUR GBP Bullish trand pullback forecast)Hello traders what do you think about EURGBP ) ?
(Technical analysis forecast)📊📈📉
EURGBP peris bullish trand pullback short last week erugbp peris big bullish 0.85447 short .084977) 📉 tast support pullback reset taste down resistance 0.85686) price big 🐂 bullish candle pullback short 0.85116) 📉📊
(Short analysis forecast)📈📉📊
Selling short entry EURGBP peris bullish candle 🕯️ I think taste resistance big bullish short 📈📉)
safe trade 🙏 pales like and comment's don't forget next analysis) 🫰🙏
EURGBP - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Tomorrow we'll see results of yearly CPI on GBP
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EURGBP ShortReason:
Liquidity grab
Break of structure
Fair value gaps
1.Fundamentally EUR is weaker than the GBP
2. Retail Sentiment is more long this pair
3. Smart Money (COT Data) for this week showed me that they were more bullish the Pound and more bearish the Euro
EURGBP/EURJPY/EURAUD UPDATE! 2/6/2024Im going to attach my analysis from last night to this thread but mainly i was only anticipating these euro currency pairs to go short. they were all high probability set ups with multiple confulences. now ill be waiting for shorts to continue throughout the week holding these trades.
*eurgbp
* Eurjpy
* euraud
