EURBGP TREND TRADE -BUY OPPORTUNITYPrice has bounced from weekly support and respecting trend line structure Anticipating price to continue upward to 161.8 fib extension level.
GBPEUR trade ideas
EURGBP .. SHORTOANDA:EURGBP
After the price reaches the specified level,
Enter the SHORT
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
Sentiment Play Before Major Events (Past)Fundamentals & Sentiment
EUR:
- Recent economic data has been bullish, driving the euro up
GBP:
- Raised taxes - bearish in the short-term for the pound
- Recent bearish economic data
Technical & Other
Expectations
- after such a runup, the technical area is good for taking profits, especially before NFP on the same day and the US Elections next week.
Setup: S(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Up
Long-term: Down
Min target: 50% of the upward move
Stop loss: 0.26%
Position size: 0.66 of the normal Risk Unit
EURGBP / LONG / M15EURGBP may rise from the Bullish Order Block
Bullish Order Block: 0.83698 and 0.83643
EURGBP has a high probability of rising from this bullish order block. If price reacts positively, our trade is likely to end in profit. Let's monitor closely to see how the price develops within this zone.
EURGBP / LONG / M15
LOT :- 0.2
Entry price :- 0.83757
Take Profit :- 0.84087
Stop Loss :- 0.83401
EURGBP: Short Trading Opportunity
EURGBP
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short EURGBP
Entry - 0.8391
Sl - 0.8414
Tp - 0.8354
Our Risk - 1%
Start protection of your profits from lower levels
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EURGBP has just started its bullish phaseafter breaking LH the trend moved upwards strongly and marked its new HH and now it is making its HL probably at the .382 fib level. Trade plan has been shown on the chart
EURGBP BULLISHEURGBP bullish in h4
wait for retracement and to complete it C of ab=cd pattern
.50% fib level is good for buynig
Change the trend It is expected that the corrective trend will form up to the specified support levels, then there will be a possibility of a trend reversal and the start of an upward trend. If the strength of the 78.6% level is broken, the continuation of the downward trend is likely
EURGBPIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
EURGBP-SELL strategy 3-hourly chartThe pair is overextended short-term,even though we understand the underlying conditions why.
The facts are, we are overstretched, and it requires some pullback short-term.
Strategy SELL current 0.8435-0.8450 and take profit around 0.8375 or slightly lower. SL based on personal risk appetite.
Could the EUR/GBP reverse from here?The price is rising towards the pivot and could reverse to the 1st support level.
Pivot: 0.84541
1st Support: 0.84046
1st Resistance: 0.84860
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EURGBP with two probabilities for 11/1/2024This is my idea Nbr 24 after 20 ✅️
EURGBP with a high probability to make the decision for 11/1/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
EurGbp is bullishEur/Gbp is heading down according to the Htf so i will be anticipating to take advantage of the internal structure on D1 tf that shows strong bullish momentum.
I will see how it goes.
Happy trading.
EUR_GBP SHORT FROM RESISTANCE|
✅EUR_GBP will soon retest a key resistance level of 0.8460
So I think that the pair will make a pullback
And go down to retest the demand level below at 0.8428
SHORT🔥
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EUR/GBPIn financial markets, "AB=CD" is a harmonic pattern that traders use to predict potential reversals or continuations in price movements. It's named after its basic structure: the price forms two legs (AB and CD) that are equal in time and price magnitude.
A "bullish AB=CD" pattern suggests that the price is likely to rise. Traders look for specific Fibonacci ratios between the lengths of AB and CD, typically 0.618 or 1.618, to confirm the pattern. When these ratios align, it's seen as a signal that the price may continue to rise after completing the CD leg.
However, like any technical analysis tool, it's not foolproof, and traders often use it in conjunction with other indicators and analysis methods to make informed decisions.
EURGBP Potential DropHi there,
EURGBP appears bearish on the M30 chart, with a price target of 0.83425 and a bias of 0.83200. Monitoring will be necessary due to a lack of clarity in momentum.
Happy Trading,
K.
Support test and possible ignition move in the EURGBP.EUR/GBP is sitting in a significant support area on the daily chart, marked by a descending trendline (which was broken in yesterday’s candle) and a horizontal level of support that comes all the way from 2022. Below are some key points about the pair at the moment:
Horizontal Support at Lowest time since 2022: The orange line on the chart marks a critical support area, coinciding with the lowest price recorded since 2022. This horizontal support suggests a strong turning point where sellers seem to be losing steam, which could indicate a possible reversal if the price remains above this level.
Bullish Engulfing Pattern: On September 30, in the daily chart a Bullish Engulfing pattern has recently formed after the price touched the support area. This pattern, characterized by a bullish candle completely engulfing the previous bearish candle, signals renewed interest from buyers and potential bullish momentum in the coming days
Break of downtrend line: On September 30th, EURGBP showed the beginning of a break of a downtrend line that has been in place since August 8th. This also indicates a potential increase in buying interest in this region.
Fibonacci Levels as Potential Targets: The 0.382 and 0.5 Fibonacci levels stand out as potential targets for an upward correction. The red zone near the 0.5 level (around 0.8460) is an important resistance point, which could serve as a target if the price maintains its recovery.
Resistance and Support: The orange line at the 0.8339 level represents a critical support zone. On the other hand, the region near 0.8460 (0.5 Fibonacci level) is a potential resistance and target for buyers if the bullish momentum continues.
Considering these factors, an upward move could occur if the price remains above the support, with a possible target for levels near 0.8460. Alternatively, a break below the horizontal support and the descending trendline could trigger renewed selling pressure, driving the price to lower levels.
Watch for NonFarm Payrolls (NFP) on Friday:
Traders interested in EUR/GBP should also keep an eye on the upcoming US NonFarm Payrolls (NFP) report, which is due out on Friday, November 1. This economic indicator affects the dollar directly, but it can also impact global market sentiment, influencing pairs such as EUR/GBP. A strong NFP reading could lead to an overall strengthening of the dollar, which could indirectly affect the euro and pound, while a weak reading could have the opposite effect.
Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested.
Sell OpportunityTrade Idea: Sell EUR/GBP
Entry: 0.83730
1st take Profit: 0.83529
2nd Take Profit: 0.83200
EURGBP stalling at the 61.8, but is bullish now. Intraday Update: The EURGBP has found very strong resistance at the .8383 level, the 61.8% Fibonacci retracement level of the Oct 10 highs to Nov 4th lows. A break of this level would open a move beck to the mid .84's.
DeGRAM | EURGBP has reached a resistance levelEURGBP is between the trend lines above the ascending channel.
The price has already reached the trend line and resistance level, which have already acted as pullback points.
We expect a decline.
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EURGBP Potential Bullish ReversalHi there,
EURGBP is experiencing bearish momentum below the trendline right now. A break below 0.83217 could signal a continuation of the bearish trend, targeting a bias of 0.82000.
It will need to be monitored as there is meaningful bullish pressure in the current candlestick.
Happy Trading,
K.
EURGBP is BullishBulls have assumed control of the price action after the emergence of bullish divergence on four hourly time frame. Previous lower high is broken successfully and if the momentum sustains then we can expect further upside in price action. Targets are mentioned on the chart.
EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024
EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP.
H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease.
/// SELL EUR/GBP : zone 1.83780 - 1.83980
SL: 1.84250
TP: 60 - 120 - 200 pips (1.81980)
Safe and profitable trading
