EURGBP: Targeting a 500+ Pips Move! Swing Buy EurgbpDear Traders,
EURGBP has in bearish trend for a such a long time now, price have not shown any bullish momentum or behaviour, however, this might change price is dropping around to our discounted price zone. Where we expect a large amount of buying volume kicking in. historically, price of eurgbp tend to move slowly compared to other major pairs. So it will take months for this pair to hit our target which is 500 pips away from the entry.
**like and comment our idea for more educational ideas, this will encourage us to bring you more knowledgeable ideas**
Thank you,
Team SetupsFX_
Eurgbpsignal
EURGBP Long Trade Setup A #long trade opportunity recently presented itself on the #europound (#EURGBP) #trading chart 📈.
This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 0.85253 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.86400 psychological level and possibly testing the strength of the 0.86473 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
DeGRAM | EURGBP back into the uptrend channelEURGBP has returned to the ascending channel.
The AB=CD pattern has worked out a reversal of the movement.
The chart reached the resistance level.
We think that the price may correct to the support, which coincides with the 38.2% retracement level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP : Long Trade , 4hHello traders, we want to check the EURGBP chart. After breaking the channel and a strong upward movement, the price is making a correction to a key level. We expect this level to play the role of a support level and the price will maintain its upward trend and grow to around 0.86400. Good luck.
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 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.
DeGRAM | EURGBP pullback tradeEURGBP pulled back to resistance and 38.2% fibo levels following a massive sell-off.
Price move is in the descending channel, indicating the bear's dominance.
We anticipate a bearish move since the trend is bearish. It's a simple pullback trade from the reaction zone.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DeGRAM | EURGBP channel breakingEURGBP is making higher lows and higher highs, with bulls pushing the price higher.
The market broke through the descending channel.
Price printing AB=CD pattern where D point completes right at 141.4% fibo extension level.
We anticipate a pullback to support and continue the trend.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
DeGRAM | EURGBP confluence at major resistanceEURGBP is approaching a major resistance level and dynamic resistance.
Price is in a bearish trend, and it's pulling back against the major trend.
The market printed a bearish harmonic pattern, which adds more confluence to the level.
We anticipate a sell off and bearish move.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
DeGRAM | EURGBP compression channel breakoutEURGBP is consolidating, and probably it is about a sell-off.
Price move is in the descending channel. making lower lows.
The market is printing a potential AB=CD pattern, and recently it made a sharp move, which is AB leg.
We anticipate a compression channel breakout and retest of the support level as well as a Fibo extension level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP → Strong support at 0.8600On Tuesday's session, the FX:EURGBP was observed at 0.8605, experiencing slight gains of 0.15%. Following two days of declines and encountering robust support at the 0.8600 level, bears took a break. Despite this, the daily chart still presents a neutral to bearish outlook, and this bearish tilt remains apparent in the four-hour chart as well.
The indicators on the daily chart reflect a prevailing selling momentum. The Relative Strength Index (RSI) displays a positive incline yet remains within the negative territory, implying that while the selling pressure is somewhat easing, there is no pronounced shift in favor of buyers just yet. Concurrently, the Moving Average Convergence Divergence (MACD) with its rising red bars further highlights the current bear dominance. Moreover, the pair's position beneath the key levels of 20, 100, and 200-day Simple Moving Averages (SMAs) reinforces the widespread bearish control.
Zooming into the four-hour chart, the bearish sentiment is echoed. The tilt remains downhill as the negative slope of the four-hour RSI proclaims that sellers dominate the short-term momentum as well. However, the rising green bars in the four-hour MACD indicates a growing bullish undercurrent and a possible bearish exhaustion. It may imply that bears are taking a breather, and a temporary reversal might be on the cards if buyers manage to build an effective momentum. However, the overall outlook remains dominated by the sellers in the short run.