EURGBP - Exhaustion Reversal on 4HR using 15 mins and 5 mins timExhausted. Several rejections with long wicks. 4HR, 15min and 5min all pointing to a reversal.
GBPEUR trade ideas
EURGBP is BullishA strong downtrend seems to be exhausted as bullish divergence emerged on both daily and four hourly time frames. The bulls seem to be in control on the four hourly time frame as previous lower high is successfully broken and a higher high is printed instead. If the bullish momentum continues we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
EUR/GBP "European Cross" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/GBP "European Cross" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
EUR/GBP entry opportunityOANDA:EURGBP broke out of its strong resistance very strongly, we could profit off of its pullback, what do you think?
EURGBP trade for London or NY openTechnicals in respect to Fundamental analysis
Short either at the BS LQ( buyside liquidity) or at the 0.682 Fibonacci level, the choice is yours also avoid FOMO.
EUR/GBP BEST PLACE TO BUY FROM|LONG
Hello, Friends!
EUR-GBP downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.847 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/GBP pair.
✅LIKE AND COMMENT MY IDEAS✅
Check the trend It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed. If the price crosses the 138% level, the continuation of the downward trend is likely
EURGBPCurrently on EURGBP on the daily timeframe took out the Monday lows on Tuesday and closed above them indicating a strong reversal to the upside, but on the 4hr timeframe price took out the CSD high and closed below it, and now price has to take out the CRL for the CSD before going up which will make low of the week on Wednesday.
Buy OpportunityTrade Idea: Buy EUR/GBP
Entry: 0.83300
1st take Profit: 0.83719
2nd Take Profit: 0.84183
Rationale:
Technical Analysis: EUR/GBP has shown strong Support near the 0.83100 level, with recent price action indicating potential for an upword move.
Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.82500 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.
Would You Take EUR/GBP Long? If Not, Why Not?EUR/GBP has fallen largely due to a weakening Euro and GBP strength (hesitancy from the BOE).
This weakness can only really go on for a limited amount of time before short side action stops and long side entries are filled in.
Investor longs likely to come through and occur.
EUR/GBP Bullish Reversal SetupEUR/GBP is at its major weekly support, with bullish divergence indicating potential upward momentum. A buy position is planned above the previous lower high for confirmation of a trend reversal.
EURGBP Bearish Continuation EURGBP has breached it's pivot point and mostly likely it will continue at bearish side because of following confirmations.
Trendline continuation
Crab pattern
Descending triangle
30-09-2024 _ Short Term Bearish Idea _ EURGBP H301. Strong Impulse to the downside.
2. Price action bouncing from the bottom of the channel.
3. Expect correction towards the mentioned zone.
4. Followed by further continuation to the down side.
EURGBP Short - Do You Even Check Fundamentals?I'd like to see at least one wick of a major past price point on the htf which will reset the longs before any potential up movement. In general, fundamental wise, I literally have no idea why people long EURGBP while its obvious that EUR will further decrease its rates while GBP stays at it.
EURGBP trade idea pt 1Everything on this pair is flowing in sync towards the downside. In order for us to get an entry we need price to now retrace back up to or around that zone area. We would then look for a new lower high formation ⚐
EURGBP: Bullish Continuation & Long Signal
EURGBP
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry Level - 0.8316
Sl - 0.8294
Tp - 0.8357
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EUR/GBP 1-Hour Technical Analysis1. Wyckoff Accumulation Schematic (Phase B)
Phase A: This is the initial phase where preliminary support (PS), selling climax (SC), and automatic rally (AR) occur. In your chart, this is indicated by the initial sharp drop followed by the first corrective move upwards (AR).
Phase B: This is the phase of accumulation, where the smart money starts accumulating positions in anticipation of a breakout. In the chart, you’ve labeled "ST IN PHASE B," which means the price is undergoing tests within the trading range and still has potential for further consolidation. We can expect some further tests of support/resistance before a decisive breakout happens.
2. Elliott Wave Count (ABC Correction and Impulse Waves)
In the chart, the ABC correction seems to have completed after an impulse wave labeled as wave (1)-(5). We are in the corrective phase (wave A-B-C). It looks like a zig-zag pattern with the corrective wave B overlapping, hinting at the potential for a new impulsive structure to follow.
After the corrective wave finishes, we anticipate a fresh impulsive wave (likely Wave 3 based on Elliott Wave) to the upside, aligning with the bullish narrative.
3. Harmonic Patterns
A harmonic pattern, potentially a Bullish Gartley, is highlighted with the key Fibonacci retracement ratios (0.618, 0.786). The price is currently at a critical Fibonacci support level (likely the completion of point C).
The 0.786 Fibonacci retracement is a key harmonic confluence, indicating a reversal zone, and aligns with a bullish order block.
4. Volume Profile (Accumulation Evidence)
The volume indicator at the bottom highlights an uptick in volume around the accumulation phase, which confirms that significant accumulation is taking place. The phase after this may indicate that institutions are preparing for a mark-up phase, where price moves out of this range.
5. Order Block and Smart Money Concepts
You’ve marked a Bullish Order Block where the price has reacted multiple times, suggesting a zone of interest for institutional traders. This zone typically holds strong buying pressure and can be a key reversal point.
It’s also in alignment with Wyckoff’s accumulation phase, suggesting that smart money is preparing for an upward move.
6. Macro Factors and Event Timing
Notably, there are three vertical red lines indicating upcoming Inflation Rate YoY Sell events, likely key economic events that will influence EUR/GBP. You’ll want to monitor these macroeconomic drivers, as they could spark volatility.
Given that these are labeled “Sell” events, the market might expect a bearish response to these inflation data releases.
7. Projection for Next Week (October 1st - October 7th)
Near-Term Expectation: The pair appears to be in the final stages of Phase B accumulation and is testing critical support. You may see some choppy action early in the week as price tests these zones and final shakeouts occur.
Breakout Potential: After this accumulation phase and the completion of the current correction, we can anticipate a breakout above the resistance line, aligning with the Elliott Wave count.
Bullish Scenario: If the bullish order block and harmonic support hold, we could see the start of an impulsive rally (Wave 3) towards the resistance levels and above. The breakout should coincide with the weekly close marked around October 4th. Watch for confirmation on price action breaking higher highs.
Bearish Scenario: If price breaks below the current support, it could extend the corrective move lower. However, this would invalidate the current bullish wave count.
Trading Strategy (Based on the above analysis):
Buy Zone: Around the completion of wave C (0.8320 level), which is also a confluence of harmonic support and Wyckoff accumulation.
Stop Loss: Place it just below the current support at 0.8300 to account for false breakouts.
Take Profit Target: Aim for the high marked near wave 3 (~0.8410 and above) for a medium-term target.
Event Risk: Watch for the inflation data releases as volatility could trigger sharp moves, so adjust your position sizing accordingly.
By focusing on these levels and aligning the Wyckoff, Elliott Wave, harmonic, and macroeconomic frameworks, you should be able to navigate the next week with a clear trading plan
Change the trend According to the behavior of the price in the current support ranges, possible scenarios have been identified. As long as the price fluctuates above the support level of 78.6%, there is a possibility of an upward trend
EUR/GBPComplete analysis of the EUR/GBP pair
1 The presence of a bearish price channel on the daily frame
2- Touching the price channel from below
3- The emergence of strong demand areas
4- The appearance of divergence on two RSI-MACD indicators
Therefore, we wait to touch the nearest display area and begin searching for areas to buy
EURGBPEURGBP weekly chart shows that the price is approaching a strong support zone of 0.83104-0.82226. If the price fails to break through the 0.82226 level, a rebound is likely. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Retest of EURGBPWhen H1 trade above SMA 50 that will be the entry of this pair. But the bullish move will stop at Daily SMA 20. The pair will shift to bearish market until the end of the week.
Bearish Pennant on EUR/GBP @ D1This chart shows a bearish pennant on the daily chart of the EUR/GBP currency pair. It can be used as a trend continuation pattern in case of the price closing below the lower border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.83861), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.82562), it is placed at the pole's length below the SL. I will wait for the price to close significantly below the lower border of the pennant area to execute a trade here.
