Long trade Wed 17th July 24
Buyside
7.15am
15min TF Entry
LND Session AM
RR 5.76
Entry 0.83894
Profit level 0.84084 (0.23%)
Stop level 0.83861 (0.04%)
EURGBP trade ideas
EURGBPWeekly TF
The general picture shows the movement created choch and broke the structure.
After breaking the structure, the price droped to retest the demand zone
However, the price has rejected the zone several times
Now, the posibility of uptrend will signal us by either
4h choch, bos and the retest of the demand zone in that 4h
Because this is a higher Tf needs more patience.
Trade safe
EURGBP: BullishAfter making LL and LH, the instrument is in accumulation phase. Double Bottom with divergence on RSI and MACD at 1 hr time frame suggest bullish momentum. breakout of accumulation box will show bulls strength.
EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss
EURGBP is testing an old weekly support zone that proved to be strong several times.
Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area.
We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone.
The price tested this area in 2016, 2017, 2020 and 2022.
After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend.
You may find more details in the chart!
Thank you and Good Luck!
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EURGBP DUE FOR A SELL!!Price is due for a massive sell on EURGBP as it currently trade at 0.83876
A sell opportunity is envisaged from the current market price.
We may see a massive decline in price.
Buy AnalysisEUR/GBP Buy Analysis
Trade Idea: Buy EUR/GBP
Entry: 0.8370
Take Profit: Up to 0.84342
Rationale:
Technical Analysis: EUR/GBP has shown strong support near the 0.8370 level, with recent price action indicating potential for an upward move.
Resistance Break: A breakout above recent resistance suggests bullish momentum could carry the pair towards the 0.84342 level.
Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84250 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84250 support and resistance area.
Trade safe, Joe.
EURGBP - Possible Short OpportunityEURGBP is in a downtrend on higher timeframes and now, in my opinion, is starting a corrective move on lower timeframes after having broken the previous low at 0.85.
We will have to wait for confirmations, but I believe that we will have a short opportunity, in the retest of the 0.85 level, or higher on the major downtrendline/SMMA, I drew on the chart the 2 possibilities that I believe are most likely.
If we get the confirmations I will update the idea with my entry into the trade.
Correction It is expected that after some fluctuation and correction, the beginning of an upward trend will be formed, and with the breaking of the resistance range, the confirmation of the upward trend will be formed.
Eurgbp I posted this setup few days ago cause we had price on down trend so we expect price to go short
EURGBP - Short from trendline !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.5 level.
Fundamental news: Tomorrow (GMT+3) we will see results of CPI on GBP and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
EURGBP projection Looking at the candle stick patterns and price movement at 0.8398. Am expecting EURGBP to pump up from that level.
EURGBPanother trade to be profitable in minutes
hope anyone who sees my trades learns something if any one has any difficulty, let me know
BUY EURGBPI personally see a Small Buy here due to the curvature of the candles and the previous cup pattern formed before
Could EUR/GBP drop from here?The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support.
Pivot: 0.84037
1st Support: 0.83687
1st Resistance: 0.84306
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Disclaimer:
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Long trade 2min TF Entry
Observed BOS trendline
Buyside
Entry 0.84031
Profit level 0.84086
Stop level 0.84018
RR 4.23
EurgbpEurgbp is on a down trend so we are following the trend and we are not trading against the trend
Downtrend We see market has been moving bearish and we broke previous support and retested it Turing it to a resistance continuing with the trend which is bearish
EURGBP Long from OBThis is my EURGBP Long scenario.
This is based on market structure and SMC.
Trade safe.
EURGBP ShortDaily Bias Bearish
GBP is stronger than EUR in fundamental.
In Daily TF, price broken the Daily support level and close below it. Price retrace back to H4 horizontal level and rejected from there. Going down to M15 TF, price broke below the M15 support after consolidation. Price is bearish again.
Short trade at broken support level. SL above consolidation and TP H4 swing low. R:R 1:2
EURGBP ShortDaily Bias Bearish
GBP is stronger than EUR in fundamental.
In Daily TF, price broken the Daily support level and close below it. Price retrace back to H4 horizontal level and rejected from there. Going down to M15 TF, price broke below the M15 support after consolidation. Price is bearish again.
Short trade at broken support level. SL above consolidation and TP H4 swing low. R:R 1:2
