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GBP-EUR

Potential swing short on EGAfter that liquid raid to the top side and rejection, I think we will see a bearish order flow seeking rebalance below. We have a weekly RTO structure on the weekly chart resting below 0.81000 flat. I would like to see the week open with EG taking PDH early on and showing a willingness to sell off. This is backed by my fundamental vision of current economic conditions in the UK and Europe. Of course, it can go either way faster than lightning - I suspect sterling to have a great catalyst with a new king taking the throne as we may see radical fiscal and monetary reform providing a perfect smokescreen for the pound to get rowdy. What does Europe have? Unless a black swan event involving the Ukraine / Russia conflict - not much. Something tells me we may see some VERY WILD and VERY BIG events unfold in the near future, but I don't know exactly when - this is based on what I see in the charts, and I do believe that the market tells the future if you know what you are looking at. Trade light, trade smart, move fast, and keep your head down - the last thing you want is to get caught in the BS that will inevitably ensue.
Short
by MarketWarriorFX
2
EURGBP: Classic Bearish Continuation 🇪🇺🇬🇧 EURGBP recently broke a key horizontal structure support. The broken structure turned into a key resistance. Retesting the broken structure the market reacted nicely to that. The price broke an intraday rising trend line and closed below that. Now I expect a further bearish continuation at least to 0.845 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
EURGBP AGED WELLYesterdays analysis update for EURGBP played out very nicely targeting the bottom of the channel. Here we can identify what we like to call a double zone. This is when structure meets a horizontal level, trend line or 50EMA. In this instance we have the top of the channel and horizontal level creating our double zone which was rejected with the double wick. Price then sold off creating the push phase, after a push phase an exhaustion phase will follow; this is where our short zone was created.
Short
by THE_GOLDEN_SUITE
1
Euro May Be Readying to Reverse Against British Pound Post BoEThe Euro may be readying to push higher against the British Pound in the aftermath of Thursday's Bank of England monetary policy announcement. There, it was revealed that two policymakers seemed further hiking as 'not appropriate'. EUR/GBP has been steadily falling since 2020, with recent months on the premise of a more hawkish BoE compared to the European Central Bank. This could be changing... EUR/GBP cleared a falling trendline from September, as well as taking out the March high. That has exposed November and September 2021 levels before the 0.8695 - 0.8731 resistance zone nears. FX_IDC:EURGBP
Long
by QM_Dubrovsky
EURGBP: Important Decision Ahead! Your Plan 🇪🇺🇬🇧 Hey traders, EURGBP is consolidating. The pair is trading within a narrow horizontal trading range on 4H. To catch a bearish move, wait for a bearish breakout of its lower boundary. You need 4H candle close below 0.836 - 0.837 area to confirm the breakout. Then the price will most likely drop to 0.831 / 0.8265 In case of a bullish breakout of the range though the price can go higher. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
16
USD/CAD - 08/03/2022H4 Timeframe USD/CAD has finally broken out of structure and set a higher high. We are approaching a level of resistance where price recently failed to hold the breakout so we do need to be mindful of a reaction from this zone. If we do break above I would expect heavy momentum to follow to break away from the consolidation. M15 Timeframe Price is currently performing a break and retest after recently breaking out of structure to set a higher high, we could get an entry if we get momentum of this key level however, the range may not be sufficient to capitalise on. Plan of Action I will be waiting to see how price reacts to the key level on the M15 and look for any signs that the key level is holding strongly. If the range works out good then we just need to wait for momentum in the market to support us taking a buy position. FX:USDCAD
Long
by Official_VIFX
Morning Analysis - 07/03/2022Good morning traders, Hope everyone had a wonderful weekend. Are we ready for another week of trading? GBP has started to breakout of structure now and had a very convincing bear run, we seem to be pulling back now. USD/CAD has broken back into consolidation. However, with the rejection from resistance and GBP starting to pullback we could see USD/CAD continue back down to support. I have traded a break and retest from a key level on the M15 and I am expecting momentum to continue now we are starting to see cross USD pairs begin to move to the upside. What are your thoughts on this and what are you looking to trade for the day? Let me know in the comments below.
Short
by Official_VIFX
EURGBP Supply And Trade ReviewHigher Timeframe (right chart): - Price reacting off of weekly/monthly demand so I want to look for buying opportunities with confirmation. -Trend = down so any longs will be counter-trend and trade management/take profits will be adjusted. -Price reacting off of the bottom of the downward channel range so price is in a potential area for longs. Lower Timeframe (left chart): -Price showed confirmation of buyers taking control by breaking downward trend lines. -Price removed opposing daily supply zones. -Quality drop base rally demand zone was created based on the strength of the buyers. -TP was at 2.5:1 News: Over the last 2 days EUR/GBP rates came out which raised interest rates from 0.25-0.5% and USD unemployment numbers came out.
E
by MoneyballAustin
1