EUR/GBP : Buy trade forecastSimple and easy to understand that how and when can take entry.
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Eurgbptrend
Uptrend for EUR/GBP will continue💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/GBP has been in ascending channel and we believe bullish price movement will continue as EUR are gaining strength across other currencies.
Let us know what you think about this idea.
Trade safe !
EURGBP / BEARISHI am waiting for price to close below the support line before I short to the greyed area where price has been rejected before
Once price has then continued to move I will place another short to the next support line
We will need to wait for the pullback upon breakout before placing the trade
EUR/GBP Wave Analysis
After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
It could be interpreted as a wave pattern and is now forming wave 4.
Further, it is close to a congestion zone which could act as strong support.
Hence, we expect the pair to be bullish in the near-term.
EURGBP SWING SHORT** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it.
** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next.
** Please Like and Leave a comment if you found this helpful or have a contrary opinion, we are all students 😉
EURGBP - RETEST BEFORE DROPPrice has indicated that it will come back up and retest resistance before taking a drop - If youre in a sell you may want to watch and hedge your trade
EURGBP - SELL / KILL ZONEWe can see from the chart that this pair has fallen from this zone a few times in the past, i am currently selling but waiting for price to break this key level before adding another sell
I believe it will come up and test resistance again before dropping
SELL EUR/GBPStop Loss: 0.9035
Entry Point: 0.8983
Target Profit : 0.8885
Do not hesitate any question for clarification.
Good Luck!
EUR/GBP Technical Analysis
The counter is currently in an ascending channel pattern.
It fell off recently from the high to lower parallel, where it found support.
Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover.
Hence, we expect the pair to be bullish in the near-term.
EURGBP bounced from support, potential for a further rise!
EURGBP bounced off 0.90271 where it could potentially rise further to 0.90574.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/GBP, very accurate Long trade idea.We are looking at a great buying opportunity at EUR/GBP to complete the right shoulder of simple market pattern. I think it's very accurate giving the fact, that the price currently approached a strong demand area, from where the price should make pullback.
Ascending channel for EUR/GBP💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
Let's take a look at EUR/GBP on daily chart. We can see nice ascending channel has been formed and now price has been pushed down to this channels support line. We believe price will lose its momentum and EUR will go higher.
Let us know what you think about this idea.
Trade safe !
EURGBP IdeaHey guys, me again still learning forex been really analyzing the markets so any feedback is really appreciated as it helps me improve as we are in it together.
- Really looking for some action in this one. market does seem bearish so im expecting a break and retest for the area however keep in mind your long opportunity too.
- I will be looking to enter either way on monday depending how the market reacts
EURGBP, Still Trapped..Accumulation Zone
Bearish Channel
0.902 Is critical zone and if broken
and retested then next target 0.89 and then 0.87
Else
0.92 Incoming..
Weekly, Daily H4 resistance zone..
Doji candlestick.
Wait for Breakout and Retest..
EURGBP SELL IDEAPrice has made its way to a huge reversal zone at 0.91500 which also lines up with the 0.61 fib level indicating it could either reverse or have a pullback at this area . As i am also expecting GBP to strengthen due to lock down measures being eased and the economy getting back on its feet
it makes sense for me to be shorting this pair at this important level.
Always use 1-2% Risk Management.
EDUCATIONAL PURPOSES ONLY.
EURGBP 4HR LONG An update on previous EURGBP analysis in the past few days broke an eight months resistance and a possible uptrend can actually continue after a retest of the broken minor resistance
