EurgbpLast we share idea running 200+pips now
We just still looking more bullish pulse
Expecting that weekly down trend breaks with for daily close candel outside the trend then enter after confirmation
Stiil monthly bullish
GBPEUR trade ideas
posibility of uptrendThe price is expected to change direction within the current resistance range and begin a correction.
If the price breaks through the resistance range, the upward trend may continue to the next resistance levels
Potential Buy Opportunity on EURGBPReasons why I think this pair will continue to rise:
- Confirmed Trendline break on H4
- RSI was oversold on H4
- Bullish RSI divergence on H4
What do you think?
EUR-GBP Possible ShortEUR-GBP Possible Short
We can observe that the price has confirmed a potential double top and is ready to test the support around 0.84207. The first signal is that the MACD and RSI have shown overbought levels near 0.84480. This level has been confirmed again as resistance, causing the price to reject and move lower.
Considering this resistance level and the alerts from the MACD and RSI indicators, along with price action, we can deduce that a retest of the 0.84207 support level is likely.
Important: Before testing this support, we need to break the upward trendline!
Possible Short Setup If the price re-enters resistance levels, we could consider taking a short position. Remember, the stop loss should be placed above the 0.84584 level.
I don’t recommend entering right now. It’s better to wait for a pullback to improve the risk-reward ratio.
Let me know what do you think in the comment section!!!!
EURGBP Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.84200 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84200 support and resistance area.
Trade safe, Joe.
EURGBPEUR/GBP represents the exchange rate between the euro (EUR) and the British pound (GBP), showing how many British pounds are needed to buy one euro. It reflects the economic relationship between the Eurozone and the United Kingdom.
The exchange rate is influenced by factors such as monetary policies of the European Central Bank (ECB) and the Bank of England (BoE), interest rate decisions, inflation, GDP growth, and Brexit-related developments. Political events and economic data releases in both regions can cause significant fluctuations.
EUR/GBP is a less volatile currency pair compared to others like EUR/USD or GBP/USD, as both currencies are relatively stable. Traders use it to analyze economic strength differences between the Eurozone and the UK.
EURGBP channelIf price broke the channel's support trndline we can look for short ; or price can break resistance and retest then continue to go up
EURGBP (Projection of possible opportunity zone)I believe Forex traders should pay attention to the area ranging from approximately 0.84784 to 0.84569, as this zone marks the upper boundary of a downtrend channel that has been respected for an entire year. To further reinforce the upper part of the channel, the 20-month EMA is also positioned over this area.
Another detail related to price action is that the trend has moved without pulling back until nearly reaching the top of the channel, which increases the likelihood of a reversal.
This is just a projection of what could happen. I do not recommend entering the market without a prior pattern or formation to justify it.
Channels have been used for over a century due to their ability to clarify price action and highlight probable opportunity zones.
EURBGP: Sell signal on the Channel Down top.EURGBP is almost overbought on its 1D technical outlook (RSI = 68.286, MACD = 0.003, ADX = 49.271) as it crossed over the 1D MA200 and almost touched the top of the short term Channel Down. This is a solid first entry for a short, the second being under the 1W MA200 near the dashed trendline of the long term Channel Down. Target the 0.786 Fibonacci retracement level (TP = 0.82800).
See how our prior idea has worked out:
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EURGBP-SELL strategy 12 hourly chartYesterday's idea of a short-term up move did not happen, and indicators re turning south again. Overall the pair is overbought, and feel we will see a move back towards 0.8350.
Strategy SELL @ 0.8418-0.8440 and take profit near 0.8350.
EURGBP Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8407
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8381
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURGBP-BUY strategy 3 Hourly chartThe pair is overbought overall, but has some pressure removed. The 3 hourly chart stochastic suggests we may have a chance to re-test 0.8458 top of regression channel. Once reached we may be short again.
Strategy BUY 0.8425-0.8432 and take profit near 0.8460.
Long buddy!!!News came out and GBP weakened.
This adds confidence in my confluences that have been triggered.
1. Price action
2. divergence
3. Negative gbp news
My range for this trade is 60-75 pips within 15hours.
What are your thoughts on this pair?
Trade safely my friends
EUR/GBP Trade Idea.After CPI even yesterday making a valid pullback we will be looking to take Buy Side Liquidity.
MacD is supporting our entry along side with staying above both EMA's and staying Bullish on the HTF
For my entry Im looking to enter from this Mitigation Block sitting at this Demand zone.
To confirm this entry we will be looking to fill this imbalance.
Phycological number being 85300 for TP. If this TP reaches then we will be at a valid Batwing pattern.
EUR/GBP: Ready to reach the level 0.83!The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected inflation data. This factor, combined with growing concerns about stagflation in the UK, creates an unfavorable environment for the Pound, increasing the likelihood of a dovish stance from the Bank of England. On the European side, the stabilization of inflation in the Eurozone provides relative support for the Euro, further reinforcing the bearish sentiment on the EUR/GBP pair. Key upcoming events in the short term include the BoE rate decision on January 25, 2025, which could significantly impact the Pound: a more accommodative stance would further weaken the British currency, favoring an upward movement in the pair. This will be followed by the Eurozone GDP data release on February 2, 2025, and the PMI results for both the UK and the Eurozone in early February, with the potential to influence market dynamics depending on the relative strength of their economies. Market sentiment remains oriented toward short-term stability, with limited movements expected until new significant signals emerge from economic data or central bank decisions.
EURGPB Wave Analysis 15 January 2025
- EURGPB reversed from multi-month resistance level 0.8445
- Likely to fall to support level 0.8380
EURGPB currency pair recently reversed down from the strong multi-month resistance level 0.8445, which has been steadily reversing the price from the start of September, as can be seen below.
The resistance level 0.8445 was further strengthened by the upper daily Bollinger Band and by the nearby 61.8% Fibonacci correction of the downtrend from the start of August.
Given the overbought daily Stochastic, EURGPB currency pair can be expected to fall to the next support level 0.8380.
Buy opportunityEUR/GBP – 4H Chart Analysis
Overview:
EUR/GBP is displaying bearish momentum following a strong rejection at the key resistance zone. The price action, along with volume analysis and risk-reward dynamics, supports a short trade setup targeting lower support levels.
Trade Setup:
Instrument: EUR/GBP (FX)
Trade Type: Short (Sell)
Entry Zone: 0.84340 - 0.84380
Stop Loss: 0.84695 (Above recent highs and resistance)
Take Profit: 0.83270 (Next support level)
Risk/Reward Ratio: 1:3.02
Analysis:
Resistance Zone: The area around 0.84695 has acted as a significant supply zone, with price unable to break higher.
Support Zone: The target level at 0.83270 aligns with previous demand and historical price reactions.
Volume Profile: A high concentration of orders near the current levels suggests a bearish continuation.
Trend Structure: Lower highs and consistent selling pressure indicate a continuation of the downtrend.
Expected Move:
If EUR/GBP fails to reclaim 0.84695, we anticipate a drop toward the next major support at 0.83270, offering a high-risk-reward opportunity for sellers.
EURGBP is bullish trendafter breaking the marked resistance price, new HHs & HLs, and currently the price is marking its later and there is also a bearish divergence which is also pushing the price downwards. In such scenarios, Fibonacci levels play an important role and with the help of that, we can make our entry better with more RR. One can buy either at .5 or.618 Fib point SL is also mentioned. Instant buy is also another option but in all cases SL will remain same
EURGBP Potential correctionThe EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum.
With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710
EUR/GBP BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.834 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair.
✅LIKE AND COMMENT MY IDEAS✅
EURGBP - Looking To Buy Pullbacks In The Short TermH1 - Bullish trend pattern
Strong bullish momentum
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Lingrid | EURGBP shorting OPPORTUNITY from November HIGHThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP recently tested the November high, resulting in a false breakout on the 4H timeframe after taking liquidity above the 0.84500 level. The market printed five consecutive bullish days, but at this point, we may see some retracement. Although the price has continued to make higher highs, there's a bearish divergence forming, indicating potential weakness in the upward momentum. Given that the market is testing the monthly high with this bearish divergence, I expect a downward move from resistance and channel border. My goal is support zone around 0.83710
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Downtrend It is expected that a trend change will occur in the current resistance range and we will witness the beginning of a downward trend. Otherwise, the upward trend will continue to the 61.8% level
