GBPEUR trade ideas
EURGBP SHORT FORECAST Q2 W15 D11 Y25EURGBP SHORT FORECAST Q2 W15 D11 Y25
Good day Traders!
Take a look at this potential short setup on EURGBP!
It has indeed been a slow week, perhaps we can capitalise on some price action to gain Fun coupons on Friday ! Price action currently sat in the higher time frame order block. For us that means our directional bias is against current trends however, as always if we see shifts and signs in that bullish pressure. Our management skills come into play.
We are currently forecasting a rejection form the weekly order block that was created Christmas week of 2023 of which shifted price action below 0.86607 until now.
Let's see if we price will come to us in a way of bearish price action.
More info on this setup later.
FRGNT X
Long trade
30min TF overview
Trade Breakdown โ Buy-Side (EUR/GBP)
๐
Date: Wednesday, April 9, 2025
โฐ Time: 4:00 AM (Tokyo to London Session Overlap)
๐ Pair: EUR/GBP
๐ Trade Direction: Long (Buy)
Trade Parameters:
Entry Price: 0.85672
Take Profit (TP): 0.86354 (+0.80%)
Stop Loss (SL): 0.85503 (-0.20%)
Risk-Reward Ratio (RR): 4.04
Buy-Side Opportunity During Tokyo-London Transition:
Trying to capitalise on pre-London liquidity grab, signalling a bullish continuation from Asia session consolidation.
EUR/GBP 1H Analysis โ Bearish Setup๐ Timeframe: 1 Hour
๐ฑ Pair: EUR/GBP
๐ Entry: 0.86129
๐ฏ TP (Take Profit): 0.84807
๐ SL (Stop Loss): 0.86565
๐ Risk-Reward: ~1:3.2
๐ง Trade Idea:
This is a Fib-based reversal setup following a strong bearish leg. Price retraced back into a key supply zone, lining up perfectly with:
๐น 61.8% - 88.6% Fib Retracement
๐น Prior structure resistance
๐น Bearish reaction from 0.86626 high
๐ Key Levels:
Fib Retracement Zone: 0.86079 โ 0.86463
Major Resistance: 0.86626 (Previous high)
Key Support/TP Zone: 0.84807 (-27% Fib Extension)
๐ฅ Trade Execution:
๐ป Entered short at 0.86129
๐ Targeting the extension zone near 0.84800, which aligns with the projected bearish continuation move.
๐ SL just above 88.6% Fib and structure at 0.86565
EURGBP Short Term Buy IdeaH4 - Strong bullish momentum
No opposite signs
Expecting retraces and further continuation higher until the two Fibonacci support zones hold.
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EURGBP INTRADAY corrective pullback supported at 0.8450EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8450 โ previous consolidation range and pivotal support
Upside Targets:
0.8576 โ initial resistance
0.8616 and 0.8650 โ extended bullish targets on higher timeframes
A bullish reversal from 0.8450 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.8450 would invalidate the bullish structure, opening the door for further retracement toward 0.8417, with additional support at 0.8400 and 0.8373.
Conclusion
EUR/GBP remains bullish above 0.8450. A bounce from this level supports further gains toward 0.8576. A close below 0.8450 would shift the outlook bearish, exposing downside risk toward 0.8373.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The Day Ahead Key Economic Data
US:
March CPI โ Major inflation gauge, key for rate expectations
Initial Jobless Claims โ Labor market health
Federal Budget Balance โ Fiscal position
China:
March CPI & PPI โ Inflation trends, key for global commodities
UK:
March RICS House Price Balance โ Real estate sentiment
Japan:
March PPI & Bank Lending โ Inflation and credit growth
Italy:
Feb Industrial Production โ Eurozone manufacturing read
Canada:
Feb Building Permits โ Construction and housing activity
Nordics:
CPI (Denmark, Norway), Sweden GDP Indicator โ Regional inflation and growth check
Central Bank Speakers
Fed: Logan, Goolsbee, Harker โ Potential rate path signals
BoE: Breeden โ Insight into UK monetary policy stance
Earnings
Tesco, CarMax, Fast Retailing โ Retail sector insights
Auctions
US 30-Year Bond Auction โ Watch for demand/sentiment on long-term rates
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
REACTION to 90 DAY PAUSE on TARIFFS - Trade the Retrace!!! All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
www.tradingview.com
Bullish rise?EUR/GBP has bounced off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: 0.8524
1st Support: 0.8493
1st Resistance: 0.8589
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Disclaimer:
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EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for selling opportunity around 0.85700 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85700 support and resistance area.
Trade safe, Joe.
EUR/GBP Breakdown from Rising Channel | Reversal in Motion๐ Technical Analysis: EUR/GBP just broke out of a clear rising channel on the 1H chart with a strong bearish engulfing candle, signaling an early reversal.
Price failed to maintain momentum above 0.8662 (previous high/resistance)
Massive rejection at the top of the channel, followed by a sharp sell-off
Entry at ~0.8583, SL above highs at ~0.8670, TP targeting near 0.8320 (previous demand zone)
Clean 2.5+ RRR setup ๐
๐ Fundamentals Supporting Bearish Bias:
GBP Strengthening: Hawkish tone from the Bank of England with expectations of delayed rate cuts, supporting GBP bullishness
EUR Weakness: Euro pressured due to weaker German data and growing expectations that the ECB may cut rates earlier than the Fed/BOE
Recent UK Services PMI also came in stronger than expected, giving a further boost to the pound
Market sentiment shifting toward GBP over EUR due to diverging policy outlooks
๐ Trade Setup Recap:
Trade Type: Instant Sell
Currency: EUR/GBP
Entry Price: 0.8583
TP: 0.8320
SL: 0.8670
Risk:Reward: ~1:2.6
Key Reason for Entry: Rising channel breakdown + strong bearish rejection + fundamental GBP strength
๐ Key Chart Note (for overlay):
โChannel Break + Fundamental Divergence = Sell Setup โ
โ
EURGBP Wave Analysis โ 9 April 2025- EURGBP broke the resistance zone
- Likely to rise to resistance level 0.8700
EURGBP currency pair recently broke through the long-term resistance zone located between the resistance levels 0.8625 (multi-month high from last August) and 0.8645 (strong resistance from April of 2024).
The breakout of this resistance zone accelerated the c-wave of the active weekly upward ABC correction 4 from the end of September.
Given the strongly bearish sterling sentiment seen recently, EURGBP currency pair can be expected to rise to the next resistance level 0.8700 (earlier resistance from December of 2023).