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GBPEUR trade ideas

EURGBP BUY SETUPKey Observations: Liquidity Zone (Confirmation): The highlighted liquidity area represents a critical zone for confirmation. I need the market to grab this liquidity before validating my long entry setup. Demand Zone: The area around 0.83172 acts as a significant demand zone. This is where buyers have previously stepped in, and I anticipate bullish momentum to emerge again. Key Level at 0.83350: This is an important reaction zone, which could act as the first target for the trade or a consolidation point. Imbalance Fill: The market is currently filling an imbalance (highlighted zone). I’ll monitor for bullish price action once this imbalance is mitigated. Fibonacci Confluence (Premium Zone): My demand zone aligns with a Fibonacci retracement level in my premium area, adding confluence to the long trade setup. Demand in Volume Profile: This demand zone also aligns with a high-volume area in the volume profile, suggesting strong interest from buyers, making this an ideal entry point. Trade Idea: Bullish Bias: Entry Area: Around 0.83172 (demand zone). Target Levels: TP1: 0.83350 (key level). TP2: 0.83650 (higher liquidity zone). Stop Loss: Below 0.83050, to protect against demand zone failure. Risk Management: Maintain a risk-to-reward ratio of at least 1:2. Wait for the liquidity grab and signs of bullish momentum (e.g., bullish engulfing candle or strong rejection wick) at the demand zone before entering. Volume, liquidity grabs, and Fibonacci align perfectly in my EUR/GBP long setup. Do you see the same bullish potential, or do you expect a bearish breakdown? Let’s discuss below!👇
Long
by Safaric
EURGBP - Interest rates will stay high for a long time!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a valid failure of the ceiling of the channel, we can see a supply zone and resell within that zone with a reward for the appropriate risk. The breaking of the drawn upward trend line will provide us with the path for the downtrend of this currency pair to the support range. According to expert analysis, President-elect Donald Trump’s commitment to imposing tariffs on imports from Mexico to the United States could have a greater negative impact on European automakers like Volkswagen and Stellantis, as well as their suppliers, than any direct tariffs on European Union goods. Should these tariffs be implemented, significant questions would arise regarding the future of global automakers’ operations in Mexico, particularly European manufacturers. Many companies have established factories in Mexico to take advantage of cheaper labor and proximity to the lucrative U.S. market. In response, some automakers may choose to relocate their production facilities to the U.S., abandoning their operations in Mexico. Bernstein analysts stated in a report to clients that Trump’s tariff threats, if enacted shortly after his inauguration in January, leave little time for automakers and suppliers to adjust to major supply chain disruptions. They wrote: “The consequences of tariffs on imports from Mexico and Canada for U.S. manufacturers are so significant that they do not appear to be merely a bargaining tool.” Similarly, Stifel analysts noted that around 65% of the vehicles Volkswagen sells in the U.S. would lose their competitive edge if tariffs on imports from Mexico were applied. Volkswagen’s largest car plant in Mexico, located in Puebla, produced approximately 350,000 vehicles in 2023, including Jetta, Tiguan, and Taos models, all destined for the U.S. market. While automakers and suppliers are exploring various scenarios, predicting future developments remains challenging due to the uncertainty surrounding final decisions. Nick Klein, vice president of Chicago-based OEC, remarked: “Based on past experience, Trump is likely to use the tariff threat as leverage, but predicting his exact actions is difficult.” Christine Lagarde, president of the European Central Bank, has suggested that the European Union should engage in discussions with the U.S. regarding potential tariffs rather than immediately implementing retaliatory measures. Lagarde reiterated previous warnings about the adverse effects of a full-scale trade war, proposing that the EU could offer to purchase certain U.S. goods as a gesture of willingness to negotiate. She also stated that it is still too early to assess the impact of these tariffs, but if implemented, they might cause short-term inflationary effects. Nagel, a member of the ECB, warned that Trump’s proposed tariffs could increase inflation in the Eurozone, presenting a significant risk. He pointed out that if wage growth slows, upward pressure on prices in the services sector would diminish. He also highlighted that Germany’s economy faces challenges that could lead to a recession in the final quarter of the year, with its economic performance lagging behind the Eurozone average. Philip Lane, ECB Chief Economist, emphasized that restrictive monetary policies should not be maintained for an extended period. In an interview with Les Echos, he advocated for a gradual reduction in interest rates, noting that the rapid rate hikes have curtailed housing investment and encouraged saving over spending. Lane predicted that most inflation targets will be achieved by next year unless new political or geopolitical risks arise. He stressed that monetary policy should not remain excessively restrictive and that further adjustments are needed to achieve stable inflation. Lane also forecasted a rise in consumption during 2025-2026 and called for monetary policy to address both downside and upside risks. Meanwhile, a UBS note revealed that despite stronger-than-expected inflation data in the UK and the Bank of England’s recent rate cut, market sentiment toward the British pound remains bearish. The inflation figures align with BOE Governor Andrew Bailey’s cautious stance, consistent with his recent call for a gradual approach to rate cuts. The BOE’s reduction of the base rate by 25 basis points to 4.75% on November 7 fits within this broader strategy.
Short
by Ali_PSND
What’s Next for EUR/GBP? Wyckoff Clues You Can’t Ignore!!!EUR/GBP Analysis Breakdown 1️⃣ Key Structure Zones Premium Zone (Above Equilibrium): Price is currently testing the premium zone as marked by the 0.5 Equilibrium Level. Significant resistance zones: 0.84473 (Potential Wave 3 completion) and 0.84554 (1.618 Fibonacci projection). The region also aligns with possible liquidity grab zones (Buy Side BSL) where stop-losses of short sellers may be triggered. Discount Zone (Below Equilibrium): The support lies around 0.82594 (Swing Low Zone - dealing range base). If the price falls below equilibrium and liquidity shifts bearish, this would act as the major downside target. 2️⃣ Wyckoff & Internal Structure Accumulation/Redistribution? Current structure reflects Internal Change of Character (CHOCH) and Internal BOS (Break of Structure) as price attempts a higher move from the low near 0.82994. Internal liquidity zones have formed, showing potential for bullish intent as price moves into resistance. Distribution in Premium? Possible Order Flow (H) at the higher levels indicates areas where orders may accumulate to reverse price or reject the uptrend. 3️⃣ Harmonic & Fib Levels Potential Zigzag C-Wave Completion: Price is approaching the 0.786 (0.84071) and 1.236 (0.84102) extensions, signaling a possible corrective wave (Wave C in the zigzag structure). A deeper retracement could hit 1.618 (0.84554), but this would depend on whether internal liquidity holds. Fibonacci Support Levels: The 50% equilibrium level aligns with 0.83124, a critical decision zone for bulls. 4️⃣ Bullish & Bearish Scenarios Bullish Scenario: If price respects Internal CHOCH and the 0.5 equilibrium, we may see a continuation toward 0.84473-0.84554 (Wave 3). Targets would align with Buy Side Liquidity and final resistance zones. Bearish Scenario: Failure to hold Equilibrium (0.83124) could lead to a breakdown below Internal BOS and Dealing Range Low (0.82594). This would confirm redistribution, targeting the 0.82259 low. 5️⃣ Trade Plan Recommendations Long Setup: Entry: Wait for a retrace to 0.83100-0.83200 (discount area). Stop Loss: Below 0.82994 (internal BOS level). Target: 0.84000, then 0.84500. Short Setup: Entry: Look for signs of rejection near 0.84473 or 0.84554. Stop Loss: Above 0.84554. Target: 0.83000, then 0.82594.
by spaceangel
1
EURGBP Will Move Lower! Sell! Please, check our technical outlook for EURGBP. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.833. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.828 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Weekly CLS range. Looking for model 2 entry ...if looking to play on the CLS range edge entry model 2 of the CLS sequence. You are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. If we get the confirmation, I will look to position myself with my students and followers, as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
8
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