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Eurgbpshort

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 see price to reject from bearish order block + institutional big figure 0.86000 after filling the imbalance. Fundamental analysis: Tomorrow we have news on GBP, will be released yearly CPI. If the result is positive, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
EURGBP still showing downside - with warningM Formation on a large scale has formed. We had the price break below and then retest the pattern once again. Thing is we haven't had the price break above the downtrend as of yet. This means, the bias does remain bearish but anything can change if the selling doesn't continue. 200>21>7 (bearish) RSI<50 (Lower highs) Target -0.8200 SMC (Buy Side Liquidity is where Smart Money comes in and sells into the Order Block. However, with the price still flirting at the support means, the selling is not as a strong as anticipated. I'm bearish but cautiously bullish if the price does break above the downtrend.
Short
by Timonrosso
EURGBP downside due to a large M FormationM Formation has been in the making since 19 August 2022. The price then broke below the neckline, restested and is now showing a ton of downside to come. We have other indicators showing bearishness. 200>21>7 (bearish) RSI<50 (Lower highs) Target -0.8200 SMC (Buy Side Liquidity Order Block is clearly shown (green box) Smart Money sells into positions (and sweeps liquidity) from traders who are short (get stopped) and for long traders who buy and enter into their trades.
Short
by Timonrosso
1
SHORT - EURGBP (D) (28 May 2023)Position Trade - EURGBP EURGBP is not a profitable pair to trade due to the distance between the Supply and Demand Zones in the Monthly Chart. However, SHORT opportunities are available for multiple positions for traders to profit from. In the Monthly Chart, - SHORTS are playing out already and the price is in equilibrium. Hence any trades in the WK and D1 needs confirmation. In the Weekly Chart, - We can set a pending SELL limit trade for price to retrace back to the Weekly Supply A pending SELL limit order is placed on 28 May 2023 In the Daily Chart, - Price needs to break an opposing zone before we can look for possible sells, as there were too many wicky Daily candles to the left of the chart Alert/s were set in the Daily Chart if price breaks the zone as of 28 May 2023
Short
by angieh
1
EURGBP Long Term 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.
Long
by ForexPlanet20
EURGBP SHORT/SELL🔰 Pair Name :EUR/GBP 🔰 Time Frame : 4hrs/ Daily 🔰 Scale Type : Mid/ Long Scale 🔰 Direction : SHORT /SELL The EURGBP price has reached the 4-hour resistance level at 0.8622, which is just below the daily resistance at 0.86325. If a bearish pin bar forms after the closure of the Daily candle, it indicates a potential reversal, and we can expect the price to retreat towards the daily support level at 0.84775, or even further down towards the possible lower daily support position at 0.84133. We will closely monitor the price action until the closure of the Daily candle to assess the market conditions and make an informed decision regarding the opening of a sell position.
Short
by Moon_SmartMoney
2
EURGBP - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a strong bearish market structure, so I am looking only for shorts. I want to see price to continue the retracement and then to reject from bearish order block + institutional big figure 0.86000. Fundamental analysis: Tomorrow week we have news on GBP, will be released yearly CPI and on Thursday Interest Rate. Pay attention to the results in order to validate the analysis, as these news are one of the most important. If the results are positive for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURGBP Expectations: UK Inflation and BoE's Decision this WeekOn Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has experienced a rallied against the EUR and USD (particularly against the USD, marking its largest weekly gain since December 2022). This surge can be attributed to economic data suggesting that inflation in Britain is more persistent compared to the United States and Europe. As a result, traders have started factoring in more interest rate hikes from the Bank of England, leading to increased yields on British government bonds and bolstering the pound. Additionally, investors' expectations have been heightened by recent data showing a faster-than-anticipated growth in British wages. Currently, the pound is down 0.26% against the dollar, trading at $1.278. However, it remains close to the 14-month high of $1.285 reached on Friday. British inflation data is scheduled to be released on Wednesday. Economists predict that the headline Consumer Price Index will have slightly cooled to 8.5% year-on-year, down from 8.7% in April. However, they anticipate that the core CPI, which excludes volatile food and energy costs, will remain steady at 6.8%. If these figures align with expectations, the pound could strengthen further due to the anticipation of additional interest rate increases by the Bank of England. Nevertheless, any unexpected results could introduce volatility into the market, and perhaps validate the recent rebound in the EUR. On Thursday, the Bank of England will announce its decision on interest rates, with investors and economists expecting a 25 basis point hike to 4.75%. There is little uncertainty surrounding this decision, so traders will closely examine the bank's forward guidance. Indications of future interest rate hikes are likely to bolster the GBP.
by BlackBull_Markets
EURGBP - More Bearish Pressure To Come?Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its move to the downside. For added confluence we also have a downwards trendline that has been respected multiple times showing us that the bears are in control of this market. So with this trend line lining up with our area of resistance there is a good chance that we will see price continue its move to the downside. Fundamentally the EUR is the strongest major currency whereas the GBP is the 3rd strongest major currency. Although this doesn't go in our favour this isn't the full picture. For many weeks now we've seen the GBP gain more and more strength and we expect this to continue whereas we're seeing institutions closing their long positions on the EUR. So although currently the EUR is stronger then the GBP we can see this changing in the future which is why we are bearish on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
2
EURGBP - Bearish price action ✅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 position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low. Fundamental analysis: Tomorrow we have news on GBP, will be released monthly GDP, but on Thursday we will see the Interest Rate on EUR. Pay attention to the results of those news in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD