Eurgbp daily bullish analysis 6 mayEurgbp daily htf bullish analysis . bullish trend confirm by price.by kulwinderkaur500001
EURGBPSweeps on the London session and a nice fvg left behind for a sniper entry. Targets are the previous sessions high. It's also an uptrend in the 4Hr tf. Also Dumping the pound waiting for BoE Thursday decision.Longby hskarue0
BREAKOUT or FAKEOUT?? - EGHere I have EUR/GBP on the 4 Hr Chart! Ever since its visit at the Support Zone @ ( .8534 - .8528 ), Price has been steadily making Higher Highs and Higher Lows with the most significant High in the Price Action being Friday's High reaching the Resistance Zone @ ( .8586 - .8581 ) on the release of LOWER than expected NFP numbers for USD ( 175K Actual - 238K Forecast ) Now not only did we get an enormous Bullish Break on Friday, but by market close, most of those gains were given back bringing Price back to the cycle of Highs it broke AND a Minor Support Zone. So .. Is this a BREAKOUT or a FAKEOUT?! I think to answer this question, it will come down to the Fundamentals as of late! I believe EUR started to slightly overpower GBP Mar. 21st when BOE decided to HOLD their Interest Rates @ 5.25% Then, Apr. 17th GBP gets the HOTTER than expected CPI of 3.2% with BOE Bailey making the comment that Inflation looks to have quite a STRONG DROP in May ... Followed by a very disappointing Retail Sales read of 0% on Apr. 19th .. -COULD THIS MEAN GBP WILL BE THE NEXT UP FOR RATE CUTS?!?!- Well on Thur. May 9th, BOE meets to take vote on whether they INCREASE, DECREASE or HOLD RATES Also GDP Fri. May 10th .. From a Technical standpoint, I want to watch for Price to either: Find Solid Support at the Minor Level + Ranged Highs to continue higher -OR- Price to drop back down through the High/Low Range with a Bearish Break using Resistance from the Ranged Lows -DOES THE BOE HAVE THE DATA INFRONT OF THEM TO LOWER OR HOLD RATES??-by Novi_FibonacciUpdated 5
EURGBP to find support at market?EURGBP - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. A lower correction is expected. Preferred trade is to buy on dips. Bespoke support is located at 0.8565. We look to Buy at 0.8565 (stop at 0.8545) Our profit targets will be 0.8615 and 0.8625 Resistance: 0.8595 / 0.8610 / 0.8625 Support: 0.8565 / 0.8550 / 0.8535 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA2
possibility of uptrend It is expected that the price will fluctuate according to the specified path, and after the completion of the corrective pattern, an upward trend can be formed. If the price crosses the support range, the upward trend will be canceledLongby STPFOREX0
EURGBP Euro strength to flip?I will be checking in on this chart as the week progresses to see if I will be favoring EURUSD or GBPUSD. Last week Euro had bullish momentum. We are coming into a potential rejection zone for EURO. If that is the case and we pair that with a bullish narrative on DXY, we should see accelerated movement lower on EURUSD. I will make updates to this post as well as the others for my bias so make sure to like and follow so you dont miss them. Any questions feel free to comment. by kamaricolmn0
EURGBPWe looking for buying opportunities as we broke the bearish trend resulting in a change of trend to the upsideLongby officialpotego_fx5
EURGBP 4H Good Spot?!EURGBP rejected from a resistance zone and it Seems Good for a Sell Position!!by FXCalls4
EURGBP - Price can make small correction and then start riseHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Recently price bounced from support level, which coincided with support area, and declined to support line of triangle. GBP turned around and made strong upward impulse to resistance line, breaking $0.8610 and $0.8545 levels. But then price started to decline and in a short time fell to $0.8545 level, breaking resistance level again. Then GBP fell to support line of triangle and at once bounced up, thereby exiting from triangle pattern. Also, price broke $0.8545 level and now it continues to rise, so, in my mind, British Pound can make correction move. After this, price will turn around and start to move up to $0.8590 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️Longby WalterMoon1
Potential Buy for EURGBPGood Demand Area Price break previous structure Waiting for confirmation before taking longLongby DennySantoso1
EURGBP BEARISHSELL STOP at the given price with SL and TP. We will update the trade later.Just watch an eye over it. The impulse wave is downward.You can go to multiple timeframe(D,W,M) to observe it.We expect one more drop before going up.The Sell stop trade can also get cancelled if we go our new high.We will update the sell trade later. Fundamental Reason: Crowd are buying this asset so we are selling it.Shortby sudipsen961
The EURGBP is in a Down trend showing a Bearish Rectangle.The EURGBP is currently experiencing a downtrend and exhibiting a Bearish rectangle pattern. In such circumstances, we may consider initiating a short position (Sell Stop) as the price breaks out from the bottom of the rectangle. Additionally, given the recent behaviour where buyers attempted to drive the price up over the past four candles, there's also a chance to enter a long position (Buy Stop) upon the breakout from the top of the rectangle.by aakalu1
Check the trend If the price fluctuates below the current resistance range, it is expected that the continuation of the downward trend will be created by breaking the support range. If it stabilizes above the resistance range, the above scenario will be invalid Shortby STPFOREX111
EURGBP UP- Owner aims to accumulate enough shares to trade covered calls without constant market monitoring. - Recent activity involves taking profit on a long position and considering a short position. - Discussion includes analysis of NASDAQ's performance, potential shorting opportunities, and bullish sentiments. - Reference to buying the dip before another attempt at all-time highs in the market. - Caution against shorting mid-range during upward movement and skepticism regarding potential dollar rate increases.Longby sanskarburange1
EURGBP Massive Short! SELL! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8553 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8545 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 334
EURGBP : Long Trade , 4hHello traders, we want to check the EURGBP chart. The price has reached a well-defined support level that it has reacted to several times in the past. We expect the price to grow to around 0.85600. Good luck.Longby mrAT_TraderUpdated 10
EURGBP is set to enter in bullish phasewith bullish divergence and the pair is ready to start a bull run, sideway market can be seen for some time but eventually, it will start a bullish runLongby faisal-1011
EURGBP Bearish FlagEURGBP has formed a bearish flag pattern in the absence of divergence, which indicates the continuation of bearish trend.Shortby ruba_hasan960
EUR/GBP - Good sales are coming..!!It couldn't be clearer! If you identify yourself with the operation it becomes part of you (don't forget it)... A trader always waits for the market to come to him, not for him to chase the market. We must take advantage of the opportunities it gives us (sales). Keep it Simple! If you liked it, don't forget to follow me! :)Shortby DAISTRUM2
EURGBP - Bullish TrendAfter a down trend the bulls have shown sign of strenght and make divergence on RSI accompanied by falling wedge pattern shows that bulls are ready to charge.Longby kiki_crypto1
EURGBP 05.01.2024EURGBP The numbers and areas mentioned on the chart are based on breakthroughs or consolidation on them with four-hour and hourly candles. Do not risk more than 1.5% of your capital. Good luck!"by Hejaaa1112
EURGBP BUY EURGBP is in bearish trend, making lower lows and lower highs but now divergence is creating. it is most likely it will change the trend after breaking lower high.Longby shbz863
check the trend Considering the behavior of the price in the current support range, it is expected that after some fluctuation and bottoming, a trend change will be formed and we will see the beginning of the upward trend. If the price crosses the support range, it will be a sign to continue the downward trend.by STPFOREX3