eurgbp|foxforexEURGBP is in an important support area within the falling trend channel. If it moves downwards, its first target is 0.82000, then 0.80500. If it moves upwards, its first target is the 0.84600 resistance.
EURGBP trade ideas
Trade Analysis Of EUR GBP1️⃣ Market Context
The chart is showing a Head & Shoulders (H&S) pattern, which is a bearish reversal pattern.
The price has broken below the neckline (black trendline), confirming the pattern.
A retest of the neckline is occurring, which could lead to further downside.
2️⃣ Trade Setup Breakdown
🔹 Pattern Breakdown:
Left Shoulder: Formed around 0.8410 - 0.8420.
Head: Formed at a higher high near 0.8450.
Right Shoulder: Lower high, confirming bearish structure.
Neckline Breakout: Price broke below 0.8370 - 0.8380 and is now retesting it.
🔹 Trade Setup:
✅ Entry (Short Position): The short trade appears to be taken at the retest of the neckline (~0.8380 - 0.8400).
✅ Stop Loss (SL): Around 0.8410 - 0.8420 (above the neckline).
✅ Take Profit (TP): Around 0.8300 - 0.8310, where strong demand is present.
3️⃣ Possible Scenarios
📉 Bearish Case (Preferred):
If price rejects the neckline, it could continue downward to 0.8310 - 0.8300 (profit target).
📈 Bullish Case (Invalidation):
If price breaks and holds above 0.8410, the H&S pattern fails, and price could push higher.
📌 Conclusion
Current Bias: Bearish (Short Setup in Play)
Ideal Confirmation: A rejection from the neckline with strong bearish candles.
Watch for breakdown below 0.8350 for momentum continuation.
EURGBP Bearish Continuation Setup Potential Drop to Key Support📌 Overview:
The EUR/GBP pair is showing signs of bearish continuation after failing to break above key resistance levels. Price action indicates a potential downward move towards a major support zone, aligning with the overall market structure.
🔎 Technical Analysis:
The pair has formed a lower high, indicating weakness in bullish momentum.
A breakdown from the recent consolidation zone suggests sellers are in control.
Price has breached a key support level, turning it into a resistance zone.
The market structure indicates a potential drop towards 0.82773, which aligns with a previous support area.
📊 Key Price Levels:
✔ Resistance: 0.84000 - 0.84200 (previous support turned resistance)
✔ Current Price: 0.83876
✔ Target: 0.82773 (major support and liquidity zone)
✔ Stop Loss: Above 0.84000, invalidating the bearish setup
📉 Trade Plan & Execution:
🔹 Entry Strategy:
Traders can look for a retest of broken support (now resistance) near 0.84000 to confirm selling pressure.
A bearish rejection candle (such as a shooting star, bearish engulfing, or pin bar) could confirm the continuation of the downward trend.
🔹 Profit Target:
The primary target is 0.82773, which acts as a strong demand zone from previous price action.
🔹 Risk Management:
A stop loss should be placed above 0.84000, as a break above this level would invalidate the bearish setup.
Maintaining a favorable risk-to-reward ratio (1:2 or better) is advisable for optimal trade execution.
📢 Market Outlook & Considerations:
✅ Bearish Confirmation: Sustained rejection from resistance and lower highs strengthen the bearish outlook towards 0.82773.
🚨 Bullish Reversal Risk: A break above 0.84000 could invalidate the setup, signaling a potential return to bullish momentum.
📊 Fundamental Factors: Keep an eye on GBP and EUR-related economic data, central bank policies, and risk sentiment, which could impact price movements.
EURGBP Wave Analysis – 27 March 2025
- EURGBP broke support area
- Likely to fall to support level 0.8300
EURGBP currency pair recently broke the support area between the key support level 0.8350 (which has been reversing the price from the start of March) and the 38.2% Fibonacci correction of the upward wave 2 from the end of February.
The breakout of this support area accelerated the active impulse wave iii of the higher impulse waves 3 and (3).
Given the strongly bullish sterling sentiment, EURGBP currency pair can be expected to fall to the next support level 0.8300.
EURGBP SWING UPDATE: SCALING INTO PULLBACK AT 0.83376!ICMARKETS:EURGBP
🟢 LONG EURGBP @ 0.83376 (Short-Term Add-On)
✅ Catalyst: Retest of swing support + H1 bullish reversal.
🛑 SL: 0.83125
🎯 TP1: 0.83766 (1:1.5 R:R)
🎯 TP2: 0.84125 (1:3.0 R:R)
📊 Chart: Pullback to 0.8310 (swing low) aligns with uptrend. RSI confirms bullish momentum.
🌍 Context: Core swing trade (TP3: 0.85151) still active; BOE dovishness vs. ECB resilience favors EUR.
💬 “Holding swing + adding here? What’s your move? 👇
#Forex #EURGBP #SwingTrading
EURGBP: Rectangle Top rejection. Sell opportunity.EURGBP is neutral on its 1D technical outlook (RSI = 52.272, MACD = 0.002, ADX = 25.202), going from an almost overbought RSI to neutral as it got rejected on the R1 Zone. That is the top of the 6 month Rectangle pattern, where the last rejection pulled the price all the way down to the S1 Zone. This time the presence of both the LH and HL trendlines makes us consider a slightly tighter trading range. The trade is short, TP = 0.82600.
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EUR/GBP Analysis – Bearish Momentum Gaining StrengthThe EUR/GBP pair has shown a significant shift in market structure, breaking below a critical support level and signaling further downside potential. After facing strong resistance near the 0.84400 region, the price struggled to maintain bullish momentum and started forming lower highs, indicating selling pressure.
Technical Breakdown:
Resistance Zone: The upper boundary near 0.84400 acted as a supply area where sellers gained control. Multiple rejection candles at this level confirmed that buyers were losing strength.
Support Breakdown: The price recently broke below a key support zone, which had previously acted as a demand area. This breakdown suggests a shift in market sentiment from bullish to bearish.
Bearish Continuation Pattern: The chart displays a clear lower high and lower low formation, reinforcing the bearish trend. The price is now retesting the breakdown zone, which could serve as a new resistance level before further declines.
Target Projection: The next major support lies at 0.82508, which aligns with a previous consolidation zone. If the bearish momentum persists, we may see a test of this level in the coming sessions.
Trading Considerations:
📌 Bearish Bias: Traders may look for sell opportunities on pullbacks toward resistance levels.
📌 Confirmation: A retest of the breakdown level with rejection signals could provide a strong entry point.
📌 Risk Management: Stop-loss placements above 0.83800 could help manage risk in case of an unexpected bullish reversal.
💡 Final Thoughts:
With the prevailing bearish momentum, EUR/GBP is likely to continue downward unless buyers regain control at key levels. Traders should watch for price action signals near support and resistance zones to confirm trade setups.
EURGBP: Bullish Continuation is Highly Probable! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy EURGBP.
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EUR-GBP Will Grow! Buy!
Hello,Traders!
EUR-GBP is going down
To retest the horizontal
Support of 0.8369 one
More time and as it is
A strong support level
We will be expecting a
Local bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
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EUR/GBP Bearish Trading Setup | Resistance Rejection & BreakdownMarket Context & Overview
The EUR/GBP currency pair is currently showing signs of bearish momentum, as illustrated in this 1-hour trading chart. The price is facing a strong resistance zone while forming a descending trendline, indicating that sellers are gaining control over the market. Given this technical setup, traders can anticipate a potential breakdown leading to further downside movement.
This analysis highlights key price levels, technical indicators, and potential trade opportunities based on current price action. The bearish outlook is supported by the market structure, which is displaying signs of a potential trend reversal from the resistance zone.
🔹 Key Technical Levels
1️⃣ Resistance Zone (0.84200 - 0.84300)
This area has acted as a strong selling zone in previous price action.
Multiple rejection points indicate that buyers are struggling to push beyond this level.
This resistance aligns with the descending trendline, further strengthening the bearish bias.
2️⃣ Support Level (0.84000)
The current support level has provided temporary demand, preventing immediate downside movement.
If the price breaks below this support, it will confirm a bearish continuation.
3️⃣ Major Resistance Zone (0.84495)
This is the all-time high resistance zone in the short-term structure.
A break above this level would invalidate the bearish setup and could lead to bullish momentum.
4️⃣ Target Level (0.83735)
If the price successfully breaks below 0.84000, the next target would be 0.83735.
This level aligns with previous swing lows, making it a realistic downside target for short positions.
5️⃣ Stop Loss Placement (Above 0.84201)
A stop-loss above 0.84201 ensures protection against false breakouts.
If price breaks above this level, it could signal a shift in market structure.
🔹 Technical Insights & Market Sentiment
1️⃣ Descending Trendline: The price is respecting a descending trendline, indicating a bearish bias.
2️⃣ Multiple Resistance Rejections: Price has tested the resistance zone multiple times without breaking through.
3️⃣ Bearish Price Action: The recent candles show lower highs, reinforcing the downtrend.
4️⃣ Volume Analysis: A drop in buying pressure at resistance signals potential weakness among buyers.
5️⃣ Fundamental Factors : GBP strength due to macroeconomic factors could add further pressure on EUR/GBP.
🔹 Trade Plan & Strategy
📌 Entry Criteria
Ideal entry near 0.84150 - 0.84200 if price shows rejection at resistance.
Alternatively, enter after a confirmed breakdown below 0.84000 for safer confirmation.
🎯 Profit Target
First target: 0.83735
If bearish momentum continues, price could extend towards 0.83600 as an extended target.
🛑 Stop Loss Placement
Above 0.84201 to minimize risk.
This ensures the trade remains valid while avoiding market noise.
🔹 Risk-Reward Ratio & Trade Management
✅ Risk-Reward Ratio (RRR): Approximately 2:1, making this a favorable setup.
✅ Trade Management:
If price starts reversing before hitting the target, consider trailing stop-loss to secure profits.
If price consolidates around support, watch for breakout confirmations before entering.
🔹 Final Thoughts & Market Sentiment
This trading setup suggests a strong bearish opportunity based on price action, resistance rejection, and trendline confluence. The break below 0.84000 will be the key trigger for further downside movement. If price remains below resistance, a sell position with a stop-loss above 0.84201 and a target of 0.83735 offers a high-probability trade setup.
EUR/GBP Bullish Flag (18.3.25)The EUR/GBP pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8433
2nd Resistance – 0.8448
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EUR/GBP Bullish Breakout Setup Ahead of London OpenEUR/GBP is showing strong bullish momentum, with the euro gaining strength over the pound. The weakening GBP against EUR suggests the possibility of a range breakout on the upper channel, especially as the London session opens. The daily timeframe signals a classic breakout-pullback-continuation pattern, reinforcing the bullish outlook. If buyers sustain momentum, we could see an upward extension, confirming the breakout structure. Traders should watch key resistance levels for confirmation and potential entry opportunities.
EURGBP oversold bounce back capped at 0.8384The EUR/GBP pair continues to exhibit bearish sentiment, reinforced by the prevailing downtrend. The key intraday resistance level is at 0.8385, marking the current swing high.
Bearish Scenario:
An oversold rally from current levels, followed by a bearish rejection at 0.8385, would likely target downside support at 0.8340. A break below this level would open the door for further declines toward 0.8307 and 0.8260 in the longer timeframe.
Bullish Scenario:
Alternatively, a confirmed breakout above the 0.8385 resistance, accompanied by a daily close above this level, would invalidate the bearish outlook. This would pave the way for further rallies, with the next resistance levels at 0.8420 and 0.8460.
Conclusion:
The prevailing sentiment remains bearish as long as 0.8385 holds as resistance. Traders should watch for rejection at this level to confirm downside momentum. Conversely, a decisive breakout above 0.8420 would signal a potential shift to a bullish bias, targeting higher resistance levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EUR/GBP (2H) Market AnalysisTrend & Market Structure
The pair was in a downtrend, forming lower highs and lower lows within a descending channel.
A breakout has occurred, signaling a possible trend reversal or correction.
Key Levels & Zones
Support Zone: 0.8333 - 0.8340, where price found strong buying pressure.
Resistance Zone: 0.8372 - 0.8375, where price is currently testing.
Higher Resistance: 0.8423, the next key level if price breaks above 0.8375.
Possible Scenarios
Bullish Break & Retest (Most Likely)
If price holds above 0.8372, a retest of the breakout zone could confirm further upside.
Targets: 0.8414 - 0.8423.
Fakeout & Rejection
If price gets rejected at 0.8372 - 0.8375, it might drop back to 0.8333 before another attempt to push higher.
Conclusion
Bias: Bullish if price holds above 0.8372, bearish below 0.8360.
Watch for confirmation on the retest before entering long positions.
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! 🔥
EUR/GBP: Caught Between Key Support and Resistance LevelsEUR/GBP is currently consolidating between critical technical levels, with price action centered around 0.8360-0.8361. The pair recently bounced from support at 0.8346 but appears to be facing resistance at the 0.8367 level.
The multiple EMA crossover zone (0.8346-0.8359) is creating a decision point for this pair. Recent price history shows a clear downtrend from the March highs above 0.8400, suggesting bearish momentum remains in play.
Volume readings indicate moderate market interest at current levels.
Trade Scenario
Bearish Case:
Failure to break above 0.8367 resistance could trigger another downward move
Initial target: 0.8346 support
If broken: Watch for extension to 0.8320 horizontal support
Bullish Case:
Decisive break above 0.8367 with increased volume would signal potential trend reversal
Initial target: 0.8400 psychological level
Key Levels to Watch:
Resistance: 0.8367, 0.8400
Support: 0.8346, 0.8320
#EURGBP
EUR_GBP RESISTANCE AHEAD|SHORT|
✅EUR_GBP is going up now
But a strong resistance level is ahead at 0.8385
Thus I am expecting a pullback
And a move down towards the target at 0.8353
SHORT🔥
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EURGBP LONGHi traders, watch as I closely monitor and forecast the overall structure
-Tap into D FVG
-Expect one more pullback
break of high towards 0.85000
-If price extends below, greater
chance of longs
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EUR/GBP Weekly Forecast: Double Bottom Pattern, Bullish ReversalOverview of the Chart
This is a EUR/GBP daily chart, showcasing a Double Bottom Pattern, which is a classic bullish reversal formation in technical analysis. The pair has been in a downtrend for several months, but recent price action indicates a potential shift in momentum.
The double bottom pattern consists of two distinct lows (Bottom 1 & Bottom 2) at nearly the same level, forming a W-shaped structure. This suggests that sellers attempted to push the price lower twice but failed both times due to strong buying pressure at the support zone.
As the price starts to rise from the second bottom, the neckline resistance becomes a crucial level to watch. A confirmed breakout above this neckline would validate the pattern and signal a potential bullish rally.
Chart Breakdown & Key Components
1. Double Bottom Pattern Explanation
The first bottom formed in December 2024, marking the lowest price point where buyers stepped in.
The second bottom formed in March 2025, confirming strong demand in the support zone.
The pattern suggests bearish exhaustion, as sellers were unable to push the price lower.
The neckline at ~0.84778 acts as a key breakout level. Once price moves above it, the bullish reversal is confirmed.
🔹 Why is this pattern important?
It signals a trend reversal from bearish to bullish.
It attracts buying interest as traders recognize the formation.
The measured move suggests a potential target of 0.87307, aligning with previous resistance levels.
2. Key Support & Resistance Zones
✅ Support Zone (0.82249 - 0.82458)
This level has been tested twice, making it a strong demand area.
Buyers aggressively defended this zone, preventing further downside.
A break below this level would invalidate the bullish setup.
✅ Neckline Resistance (~0.84778)
This is the breakout level that confirms the double bottom pattern.
A strong bullish daily candle closing above 0.84778 would indicate a trend shift.
The price may retest this level after breaking out, offering a second entry opportunity.
✅ Major Resistance & Target Areas
0.86251 → The first major resistance zone, where price may face some selling pressure.
0.87307 → The final target based on the pattern projection, aligning with historical resistance.
3. Trading Setup & Execution Plan
🔹 Entry Strategy (Breakout Confirmation)
Enter a buy position after the price breaks and closes above the neckline (~0.84778).
A retest of the neckline provides a second chance to enter at a better price.
Look for high volume confirmation on the breakout for additional confidence.
🔹 Stop Loss Placement (Risk Management)
Place the stop-loss below 0.82249, just under the support zone.
This ensures protection against false breakouts.
Avoid placing the stop too tight, as price fluctuations can trigger early exits.
🔹 Take Profit Levels (Reward Calculation)
First Target: 0.86251 (Intermediate Resistance Level)
Final Target: 0.87307 (Measured Move Projection)
Partial profits can be taken at 0.86251, while runners target 0.87307.
🔹 Risk-Reward Analysis
Entry near 0.84778, stop loss below 0.82249, target at 0.87307.
This setup offers a risk-to-reward ratio (R:R) of over 3:1, making it a highly favorable trade.
4. Market Sentiment & Potential Scenarios
Bullish Scenario (High Probability) ✅
Price successfully breaks above the neckline at 0.84778.
Retests the neckline and holds as new support, leading to strong bullish momentum.
Moves toward 0.86251 first, then extends to 0.87307.
This scenario aligns with technical confirmation & volume breakout strategy.
Bearish Scenario (Low Probability) ❌
Price fails to break the neckline and faces rejection.
The pair revisits the support zone (0.82249 - 0.82458) for a third test.
If the support breaks, it could invalidate the bullish setup, leading to continued downtrend.
5. Final Thoughts & Summary 🎯
✅ Pattern Identified → Double Bottom, signaling bullish reversal.
✅ Breakout Level → Watch for confirmation above 0.84778.
✅ Risk Management → Stop loss below 0.82249.
✅ Profit Target → 0.86251 (Partial Profit), 0.87307 (Final Target).
✅ Trade Plan → Buy on breakout, retest entry for better positioning.
🔥 This is a high-probability bullish setup! Watch for breakout confirmation before entering a trade.
BEARISH MARKETThe overall Market looks Bearish on the D TF, where we can see an M structure with double top rejection and market looking to close the last half of the leg of the M (Blue brush). On the 4hrs TF the market is doing HL and LL confirming the Bearish structure. Highlighted in the yellow rectangle we have 2 big Bullish candles that show MARKET IMBALANCE.
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