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EURGBP trade ideas

EURGBP Wave Analysis 25 November 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8375 EURGBP currency pair previously reversed up from the support area located at the intersection of the support level 0.8260 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long Legged Doji – strong buy signal for this currency pair. Given the bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise further to the next resistance level 0.8375 (top of the previous minor correction a).
Long
by FxProGlobal
EURGBP The Target Is UP! BUY My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8307 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8338 Safe Stop Loss - 0.8289 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
Long
by AnabelSignals
1
The bears pair of the week. Shorting today into Dec. EURGBP You could definitely do well shorting the EURUSD pair today, but even more lucrative is probably to go short on the EURGBP currency pair. Why do I make this call? Because it is imho more bearish than EURUSD at present, because unlike the latter which will probably have a bounce intraday at least during the start of the Asian session, bears will move in at some point on EURUSDvat about the 1hr timeframe from memory. But every chart I viewed of EURGBP 1minute to 3monthly has the tipping-over effect and right from the get-go I think this will sell-off. Of the other EUR pairs I have checked, i'm only about 1/3 through, EURCAD & EURAUD are also very bearish on the charts and the EURUSD I expect to gain the bearish sell a bit later during Asia Monday. I will probably take a small lot size Short and ride this one into December using a mental-soft-stop which puts me in control to exit the trade when I want. For example, if an intervening bullish news story is released to the market to pump up the falling EUR. I would like to report back when profits or losses are taken. For a review of trade.
Short
by Easy_Explosive_Trading
EURGBP - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
EURGBP is still under pressureEURGBP continues to stay under pressure, inspite of a chart formation being built near current price levels. Euro displays weakness against most of other major currencies including Pound Sterling. So, if the price slides down to the border of the shown widening formation, it's possible to observe a continuation of downtrend with a target built by the measured move to the downside. Don't forget - this is just the idea, always DYOR and never forget to manage your risk!
Short
by Stanislav_Bernukhov_Exness
Bearish drop?EUR/GBP is reacting off the resistance level which is an overlap support and could drop to our take profit. Entry: 0.8322 Why we like it: There is an overlap support level. Stop loss: 0.8340 Why we like it: There is an overlap resistance level. Take profit: 0.8300 Why we like it: There is an overlap support level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURGBP 4hr ShortEURGBP ✅ 4hr Short ✅ 💰ENTRY: 0.83254 👎STOP LOSS: 0.83413 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
5
EURGBP Bullish Medium to Long-Term Outlook “Read The caption"In August 2015, the price began a clear five-wave motive structure to the upside. By October 2016, it transitioned into a multiyear sideways movement, forming an Inverted Triangle or "Broadening Formation." This corrective phase is believed to have ended at the February 2022 low of 0.8203. Since then, the price has moved higher, reaching 0.8275 (the 2022 high), marking wave 1. It then retraced downward in a flat formation, forming wave 2. The market now appears poised to begin wave 3. This scenario remains valid as long as the price does not break below the wave 1 low at 0.8200. A close above 0.8626 would provide strong confirmation of this setup in the short term. Historically, the pair has shown a consistent pattern of rapid upward movements contrasted with prolonged and slower corrective downward phases., underscoring the strength of its uptrend. For example: - Between April 2017 (0.8303) and August 2017 (0.9300), the price rallied nearly 1,000 pips in just 4–5 months. - From February 2020 (0.8283) to March 2020 (0.9495), it surged over 1,200 pips in just one month. In contrast, the downward corrections have taken significantly longer: - From August 2017 (0.9307) to December 2019 (0.8280), the decline spanned over two years. - Similarly, from March 2020 (0.9495) to March 2022 (0.8205), the downtrend also lasted two years. These patterns strongly indicate that the long-term uptrend remains intact. Additionally, the price has recently formed two consecutive bullish Fair Value Gaps (FVGs) after sweeping previous lows. It retraced into the first FVG at 0.8300–0.8305, forming a swing low before moving higher with a new breakaway FVG.
Long
by Market_Minds_SM