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EURGBP.P trade ideas

EURGBP → False break of liquidity zone (resistance)FX:EURGBP within the distribution (news background) tests resistance 0.84616 and liquidity zone, but without the possibility of continued growth the price forms a false breakout The dollar index falls amid Trump's introduction of new tariffs, which generally provokes a rally in the whole market. But before NFP, the market shifts to profit-taking because of the growing risks. There are quite important news ahead, which may provoke high volatility. Technically, after a strong move, the currency pair forms a false resistance breakout and consolidates in the selling zone. If the bears keep the price below 0.84616, in the short term we should wait for a correction to 0.5 fibo or to the fvg zone. Resistance levels: 0.84600 Support levels: 0.8427, 0.8396 The situation is quite complicated due to unstable background, but technically we have a classic situation with a false breakout of strong resistance, and as we know, according to statistics, the strongest movements start after it (in relation to the trade of level breakout). Regards R. Linda!
Short
by RLinda
7
DeGRAM | EURGBP decline in the channelEURGBP is in a descending channel. The price is moving from the resistance level and the upper boundary of the channel. The chart maintains a downward structure and has already formed a harmonic pattern. We expect that the pair will continue to decline after consolidating under the support level, which coincides with the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3
EURGBP: A Multi-Time Frame AnalysisEURGBP: Range Trading Opportunity EUR/GBP recently tested a strong resistance zone near 0.8470, showing for a possible price reaction. The same zone pushed the price downward several times. We have to be careful as the situation is not that stable from Trump's tariffs but it could be the case for EURGBP to respect the same pattern again. Based on historical price behavior, there is potential for the pair to move downward again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
3
Why EURGBP Bullish ?? Detailed Analysis EUR/GBP is currently trading around 0.8470, having recently completed a breakout accompanied by increased trading volume. This surge suggests strong bullish momentum, with the pair targeting a potential gain of over 300 pips, aiming for a price level of 0.8700. Fundamental factors contribute to this bullish outlook. The euro has shown resilience amid recent economic developments in the Eurozone. Notably, Eurozone inflation decreased to 2.2% in March from 2.3% in February, driven by a significant reduction in energy costs and slowing service inflation. Core inflation, which excludes volatile food and fuel prices, also fell to 2.4% from 2.6%, which was below expectations. This easing of inflation is likely to reinforce expectations for another interest rate cut by the European Central Bank (ECB) later in April. The ECB has already reduced rates six times since last June. Conversely, the British pound has experienced fluctuations due to recent trade developments. On April 3, 2025, the pound surged to a six-month high against the U.S. dollar amid global market concerns following the announcement of new U.S. trade tariffs. Despite facing elevated duties on exports such as cars, steel, and aluminum, optimism surrounding a potential UK-U.S. trade agreement provided a positive outlook for sterling. citeturn0news24 However, ongoing trade negotiations and potential fiscal adjustments by the UK government may introduce volatility, influencing the pound's performance against the euro. Technical analysis supports the bullish sentiment for EUR/GBP. The pair's breakout above previous resistance levels, coupled with increased volume, indicates strong buying interest. Key resistance levels to monitor include 0.8500 and 0.8600, with a sustained move above these levels potentially paving the way toward the 0.8700 target. Traders should also observe support levels around 0.8400 to manage potential pullbacks effectively. In summary, the EUR/GBP pair exhibits a bullish trajectory, underpinned by favorable technical patterns and evolving fundamental factors. Traders should implement robust risk management strategies, including setting appropriate stop-loss orders, to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will be crucial in effectively capitalizing on this trading opportunity.
Long
by AndrewsMarket-Mastery
3
DeGRAM | EURGBP broke through the trend lineEURGBP is in a descending channel above the trend lines. The price is moving from the support level and the lower boundary of the channel. The chart formed a harmonic pattern, broke the upper trend line and reached the 50% retracement level. The indicators indicate that a bullish divergence is now being worked out on the 4H Timeframe. We expect the growth to continue after consolidation above the correction level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
2
I'm selling EURGBPIf you dont trade this pair directly, you can use it to know which pair is stronger between EUR and GBP. But you should trade it tho, why limit yourself to any pair in particular? Now, it is better to buy GU than EU as GU will move more massively ie if the analysis hold. I will like for you to trade it tho, the risk is small when compared to the massive result. Follow me as my trades are market orders and not limit orders so you will be able to see the trades on time and enter on time. Ya gazie
Short
by UGBOR
EUR/GBP Bullish Breakout from Falling Wedge – Buy Setup!Introduction This EUR/GBP 4-hour chart analysis presents a high-probability bullish trading setup based on a falling wedge breakout. A falling wedge is a reliable bullish reversal pattern, signaling that selling pressure is fading, and buyers are regaining control. The price has now broken out of the wedge, confirming potential upside momentum. This setup provides a well-defined entry, stop-loss, and target level, allowing traders to capitalize on the bullish breakout while maintaining a proper risk management strategy. 1. Chart Pattern: Falling Wedge (Bullish Reversal) The primary pattern on the chart is a falling wedge, which is a bullish reversal pattern that forms after a downtrend. It is characterized by converging downward-sloping trendlines, indicating that sellers are gradually losing momentum. 🔹 Key Characteristics of the Falling Wedge Pattern: Lower highs & lower lows within a narrowing price range. Decreasing selling pressure, indicating a potential shift in trend. A bullish breakout above the upper trendline confirms a reversal. Typically followed by a strong price surge, aiming for previous resistance levels. The price action confirms this pattern as it broke above the wedge's upper boundary, signaling the start of a bullish trend. 2. Key Technical Levels & Market Structure 🔹 Resistance Level (Target) – 0.84183 This level marks a previous strong resistance zone, where the price faced rejection multiple times. It serves as the primary profit-taking area for this setup. A successful breakout and close above this level could lead to further upside movement. 🔹 Support Level – 0.83154 This is the major demand zone where price previously bounced. Strong buying pressure emerged at this level, leading to the recent breakout. It serves as an important level to define risk and set stop-loss orders. 🔹 Stop-Loss Placement – Below 0.83154 A stop-loss is placed slightly below the support zone, ensuring a logical exit if the market reverses. This prevents unnecessary losses while allowing room for normal price fluctuations. 🔹 Entry Point Consideration Ideal entry: Around 0.83700, just after the breakout confirmation. Confirmation: A strong bullish candle closing above the wedge. 3. Trade Execution Plan: Long Setup 📌 Trade Idea – Bullish Setup 📈 Buy Entry: 0.83600 – 0.83700 (After wedge breakout) 🎯 Target: 0.84183 (Major resistance level) ❌ Stop-Loss: 0.83154 (Below support level) 🔄 Risk-to-Reward Ratio (RRR): ~1:1 📊 Risk Management Strategy Trade with discipline: Never risk more than 1-2% of your capital per trade. Adjust position size: Based on risk tolerance and account balance. Use trailing stops: To secure profits if price continues upward. 4. Market Sentiment & Price Action Analysis Prior Uptrend: The price previously had a strong bullish rally, indicating overall bullish strength. Corrective Move: The market entered a falling wedge correction, allowing for a healthy pullback before resuming the trend. Breakout Confirmation: The breakout above the wedge's upper trendline confirms bullish momentum. 📊 Factors Supporting a Bullish Move: ✅ Breakout confirmation above the wedge pattern. ✅ Higher buying volume supporting the move. ✅ Support level holds strong, preventing further downside. 5. Trading Psychology & Risk Considerations ⚠️ Key Considerations Before Entering the Trade: ✔ Wait for confirmation – Ensure a strong breakout candle before entering. ✔ Avoid chasing the price – Enter at a reasonable pullback level post-breakout. ✔ Monitor economic events – Watch for news that could impact EUR/GBP volatility. ✔ Follow a strict risk-reward ratio – Stick to your predefined stop-loss and target. 6. Conclusion – Bullish Outlook This falling wedge breakout on EUR/GBP suggests a bullish reversal, offering a high-probability long trade setup. The price is expected to move towards the 0.84183 resistance level, with 0.83154 as the key stop-loss level. ✅ Bias: Bullish 🎯 Target: 0.84183 ❌ Stop Loss: 0.83154 📊 Risk-to-Reward: ~1:1 📌 TradingView Idea Title & Description Title: 🚀 EUR/GBP Falling Wedge Breakout – Bullish Move Incoming! Description: 📈 Bullish breakout confirmed! EUR/GBP has broken out of a falling wedge, signaling a trend reversal. A long position above 0.83600 targets the 0.84183 resistance level with a stop-loss at 0.83154. Watch for strong bullish momentum! 📊💹 💡 Risk Management: Stick to your stop-loss, and don’t chase price action. Manage your trade wisely! 🔥
Long
by GoldMasterTrades
EUR/GBP: Inverse Head & Shoulders Breakout Towards TargetChart Overview Asset: Euro / British Pound (EUR/GBP) Timeframe: 1-hour (1H) Date and Time: Published on April 2, 2025, at 19:21 UTC Publisher: GoldMasterTraders on TradingView Current Price (at the time of the chart): Open: 0.83668 High: 0.83670 Low: 0.83260 Close: 0.83635 Change: -0.00035 (-0.04%) Price on the Right Axis: The price scale ranges from approximately 0.83100 to 0.84447, with the current price around 0.83642 (ask) and 0.83635 (bid). Chart Elements and Technical Analysis 1. Candlestick Price Action The chart displays a 1-hour candlestick representation of EUR/GBP, showing price movements from mid-March to early April 2025. Trend Context: Prior to the formation of the pattern, the price experienced a downtrend, declining from around 0.84200 (March 12) to a low of 0.83260 (March 25). This indicates a bearish trend leading into the pattern formation. Following this decline, the price began to consolidate, forming the Inverse Head and Shoulders pattern, which suggests a potential reversal from bearish to bullish. Recent Price Action: On April 2, the price appears to have broken out above the neckline of the Inverse Head and Shoulders pattern, closing above the resistance level with a bullish candle. The current price of 0.83642 is above the breakout level, supporting the bullish thesis. 2. Chart Pattern: Inverse Head and Shoulders Pattern Identification: The chart highlights an Inverse Head and Shoulders pattern, a bullish reversal pattern that typically forms after a downtrend. It consists of three troughs: Left Shoulder: A low around 0.83400 (March 20), followed by a bounce. Head: A deeper low at 0.83260 (March 25), marking the lowest point of the pattern. Right Shoulder: A higher low around 0.83400 (March 30), indicating diminishing selling pressure. The neckline is drawn by connecting the highs between the shoulders (around 0.83600–0.83700), sloping slightly downward in this case. Pattern Dynamics: The Inverse Head and Shoulders pattern signals a shift from bearish to bullish sentiment. The left shoulder and head represent selling pressure, while the higher right shoulder indicates buyers stepping in at a higher level, showing increased demand. The breakout occurs when the price closes above the neckline, confirming the reversal. In this chart, the breakout is confirmed around April 2, with the price closing above the neckline at approximately 0.83600–0.83700. Breakout Confirmation: The price broke above the neckline on April 2, with a strong bullish candle closing at 0.83635. The current price of 0.83642 is holding above the breakout level, which is a positive sign for bulls. The breakout level aligns with the resistance zone, making the move significant as it also clears this key barrier. 3. Key Support and Resistance Levels Support Level: A horizontal support zone is marked around 0.83425 (approximately 0.8340–0.8345). This level corresponds to the lows of the left and right shoulders, where buyers stepped in to defend the price. It also aligns with the lower boundary of the pattern, reinforcing its importance. Resistance Level: A resistance zone is marked around 0.83700 (approximately 0.8365–0.8375). This level corresponds to the neckline of the Inverse Head and Shoulders pattern and a previous high from March 19. It acted as a barrier during the pattern formation but has now been broken, turning it into potential support on a retest. Target Level: The target for the breakout is projected at 0.84447. This target is calculated using the standard method for Head and Shoulders patterns: measuring the height of the pattern (from the head at 0.83260 to the neckline at 0.83700, which is 0.00440) and projecting that distance upward from the breakout point (0.83700 + 0.00440 = 0.84140). The target of 0.84447 is slightly higher, possibly adjusted for the next significant resistance. The chart indicates a potential move of 0.00627 (0.75%), which aligns with the distance from the breakout level (0.83700) to the target (0.84447). 4. Stop Loss and Risk Management Stop Loss: The stop loss is suggested below the support level at 0.83425. Placing the stop loss below this level ensures that if the breakout fails and the price falls back below the neckline and the right shoulder, the trade is exited with a controlled loss. The distance from the breakout level (0.83700) to the stop loss (0.83425) is 0.00275, representing the risk on the trade. Risk-Reward Ratio: The chart indicates a potential move of 0.00627 (0.75%) to the target. The risk is 0.00275 (from 0.83700 to 0.83425), and the reward is 0.00627 (from 0.83700 to 0.84447), giving a risk-reward ratio of approximately 2.28:1 (0.00627 / 0.00275). This is a favorable ratio for a trading setup. 5. Additional Annotations Pattern Components: The chart labels the Left Shoulder, Head, and Right Shoulder, clearly identifying the structure of the Inverse Head and Shoulders pattern. A blue arrow labeled “Inverse Head & Shoulder pattern” points to the formation, making it easy to recognize. Arrows and Labels: A green arrow labeled “Support Level” points to the 0.83425 zone, indicating where buyers have defended the price. A red arrow labeled “Resistance Level” points to the 0.83700 zone, highlighting the neckline and the breakout area. A blue arrow labeled “Target” points to 0.84447, showing the projected price objective. A blue arrow labeled “Stop Loss” points to 0.83425, indicating the risk management level. Price Labels on the Right Axis: The right axis shows key price levels, with the current ask price at 0.83642 (red) and bid price at 0.83635 (black), reflecting the live market spread. Trading Setup Breakdown Based on the chart, here’s the detailed trading setup: Entry: Position: Long (buy) EUR/GBP. Entry Point: The setup suggests entering after the price breaks out above the neckline of the Inverse Head and Shoulders pattern, which occurred around April 2, 2025, at approximately 0.83700. Confirmation: The breakout is confirmed by a strong bullish candle closing above the neckline, with the current price at 0.83642, slightly below the high of 0.83670 but still above the breakout level. Traders might wait for a retest of the neckline (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart. Stop Loss: Level: Place the stop loss below the support level at 0.83425. Rationale: This placement protects against a false breakout. If the price falls back below the neckline and breaches the right shoulder, the bullish thesis is invalidated, and the trade should be exited. Risk: The distance from the entry (0.83700) to the stop loss (0.83425) is 0.00275, or approximately 0.33% of the entry price. Take Profit/Target: Level: The target is set at 0.84447. Rationale: This target is derived from the height of the pattern projected upward from the breakout point. It also aligns with a logical extension toward the next significant resistance. Reward: The distance from the entry (0.83700) to the target (0.84447) is 0.00627, or approximately 0.75% of the entry price. Risk-Reward Ratio: The risk-reward ratio is approximately 2.28:1, which is attractive for a trading setup. For every unit of risk (0.00275), the potential reward is over 2 units (0.00627). Trade Management: Trailing Stop: Once the price approaches the target at 0.84447, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling. Partial Profit Taking: Some traders might take partial profits at a minor resistance level (e.g., 0.84000) and let the remaining position run toward the target. Broader Market Context Trend Analysis: The broader trend before the pattern was bearish, as evidenced by the decline from 0.84200 to 0.83260. The Inverse Head and Shoulders pattern suggests a potential reversal to the upside, with the breakout confirming this shift. The price action after the breakout will be critical. A strong move toward 0.84000 with high volume would confirm the bullish momentum. Volume and Momentum: The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of an Inverse Head and Shoulders breakout includes: Volume: An increase in volume on the breakout candle, indicating strong buying interest. Momentum: A bullish signal from indicators like RSI (e.g., moving above 50) or MACD (e.g., a bullish crossover). Traders should check these indicators to validate the breakout’s strength. Market Factors: EUR/GBP is influenced by factors like Eurozone and UK economic data, interest rate differentials, and Brexit-related developments. On April 2, 2025, traders should consider: Economic Data: Key releases like UK GDP, Eurozone inflation, or central bank statements around this time could impact the pair. Geopolitical Events: Any developments related to UK-EU relations or global risk sentiment could drive volatility in EUR/GBP. Potential Risks and Considerations False Breakout: If the price fails to hold above the neckline (0.83700) and falls back below the right shoulder, the setup is invalidated. The stop loss at 0.83425 mitigates this risk. Resistance at 0.84000: The price may encounter resistance around 0.84000, a psychological level and a previous high. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near this level. Market Volatility: EUR/GBP can be volatile on a 1-hour timeframe, especially around economic data releases. Unexpected news could lead to sharp price swings, potentially triggering the stop loss prematurely. Timeframe Limitations: This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management. Conclusion The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for EUR/GBP based on an Inverse Head and Shoulders pattern. The price has broken out above the neckline on April 2, 2025, signaling a potential move toward the target of 0.84447. Key levels include support at 0.83425 (where the stop loss is placed) and the neckline resistance at 0.83700, which the price must hold above to maintain the bullish thesis. The setup offers a favorable risk-reward ratio of 2.28:1, making it an attractive trade for short-term traders. However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on EUR/GBP or check the outcome of this setup, I can assist with that!
Long
by GoldMasterTrades
"Euro / British Pound - 45 - FXCM"The chart represents the EUR/GBP currency pair on a 45-minute timeframe, as published on TradingView. ### Key Elements: 1. **Support and Resistance Zones**: - A **support zone** is marked at the lower region around **0.83524**. - A **resistance zone** is drawn at the upper region around **0.83783**. 2. **Entry and Target Levels**: - A **buy signal ("EURGBP Buy Now")** is indicated at approximately **0.83586**. - The price is expected to move upward, targeting **0.83783**. 3. **Trade Projection**: - The chart includes an upward price projection, indicating a bullish move. - The price action suggests a breakout from the support zone, aligning with an expected upward trend. 4. **Risk-to-Reward Ratio**: - The green shaded area represents the **profit target**. - The red shaded area indicates the **stop-loss zone**, below the support level. 5. **Current Price**: - The current price of EUR/GBP is **0.83596**, as seen in red. This chart suggests a bullish trade setup where the price is expected to rise toward resistance after bouncing from support.
Long
by Michael-trades-
EUR/GBP SHORT FROM RESISTANCE Hello, Friends! We are now examining the EUR/GBP pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.831 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EUR/GBP Triangle Pattern - Bearish Breakdown SetupProfessional Analysis of the EUR/GBP Chart This EUR/GBP (Euro/British Pound) daily chart from OANDA, published on April 3, 2025, highlights a key technical setup based on price action analysis, chart patterns, and support/resistance levels. 1. Market Context: Accumulation & Transition to a Triangle Pattern Curve Zone Formation (Rounded Bottom): The market initially exhibited a rounded bottom structure (curve zone) from July 2024 to February 2025, indicating a gradual accumulation phase. This phase often signals a shift in market sentiment, where sellers lose dominance, and buyers start stepping in. Breakout from Accumulation: After reaching the support zone (~0.8250 - 0.8300), price rebounded sharply in March 2025, confirming strong buyer interest. However, it failed to sustain upward momentum near the resistance zone (~0.8470 - 0.8500), leading to consolidation. 2. Formation of a Symmetrical Triangle Pattern Lower Highs & Higher Lows: Price action began forming a symmetrical triangle, a classic consolidation pattern that typically precedes a strong breakout. The market is currently trading near the apex of the triangle, indicating that a breakout is imminent. Potential Breakout Direction: Symmetrical triangles are neutral patterns, meaning they can break either upward or downward. However, the price structure and resistance rejection suggest a higher probability of a bearish breakdown. 3. Key Levels & Trading Setup Resistance & Support Zones: 🔴 Resistance Zone (~0.8470 - 0.8500): This area has repeatedly acted as strong resistance, where sellers have consistently pushed prices lower. A breakout above this zone would indicate a bullish invalidation of the current bearish bias. 🟢 Support Zone (~0.8250 - 0.8300): This level has held price multiple times, acting as key support. A break below this zone would confirm bearish momentum, targeting lower price levels. 4. Bearish Trade Setup 📉 Entry Strategy (Short Position): Wait for a confirmed breakout below the triangle’s lower trendline (~0.8320 - 0.8350). A retest of the broken support turning into resistance would provide the best short entry. 📌 Stop-Loss Placement (~0.84764): Positioned above recent highs and the resistance zone to minimize risk. This ensures the trade is protected against potential false breakouts. 🎯 Profit Target (~0.81190 - 0.81134): The projected move aligns with historical support levels, making it a logical target. This level represents a previous market structure where buyers stepped in. 5. Conclusion & Trade Considerations ✅ Bearish Bias: The price action and pattern suggest a higher probability of a downside breakout. ✅ Defined Risk & Reward: A well-structured stop-loss and target level ensures a solid risk management strategy. ✅ Watch for Confirmation: Traders should wait for a confirmed breakout before entering a trade to avoid false moves. 📊 Overall Verdict: A high-probability short setup is forming, with a clear entry, stop-loss, and take-profit strategy. If the market respects the triangle breakdown scenario, this could lead to a significant bearish move toward the 0.81190 target.
Short
by GoldMasterTrades