GBPEUR trade ideas
EURGBP finding support at the 78% retraceIntraday Update: The EURGBP continues to slide now that is it is back below the .8500 level pivot, however the 78% retracement at the .8434 is attracting buyers intraday. Any move back to the .8500 level (should it be seen) should find sellers intraday.
EURGBP- Buying signalThis Pair has already hit extreme support creating an opportunity for short term trade.
EURGBP ShortCurrently, EURGBP is in an uptrend. However we can see there is a liquidity Sweep in the Week Time Frame and in the 4-Hour a Double Top has formed.
EURGBP is changing to downtrend.
EURGBP: Long Trade Explained
EURGBP
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURGBP
Entry - 0.8439
Sl - 0.8407
Tp - 0.8504
Our Risk - 1%
Start protection of your profits from lower levels
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EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 78.60%
EURGBP BUY @0.8410On the daily chart, EURGBP has fallen back in the short term and the current price is about to enter the previous demand area. Pay attention to the position near 0.8410, which is the buying position of point D of the potential bullish bat pattern.
Bearish momentum to extend?EUR/GBP is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is a pullback support.
Pivot: 0.8476
1st Support: 0.8437
1st Resistance: 0.8507
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EURGBPSHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
Confluence liquidity below sentiment order block
SHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
SHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
Confluence liquidity below sentiment order block
SHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
SHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
SHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
SHORT EURGBP SELL EURGBP SHORT EURGBP SELL EURGBP
EURGBP Short Opportunity Descending Channel:
The price is moving within a descending channel, indicating a bearish trend. The current price action suggests a continuation of this trend.
Moving Averages:
The 200-period Simple Moving Average (SMA) is above the current price, providing resistance and confirming the bearish outlook.
The 50-period SMA is also above the price, acting as additional resistance.
Trade Justification:
The descending channel indicates a bearish trend, and the presence of resistance from moving averages further supports the case for a short position.
The proximity of the current price to key resistance levels increases the likelihood of a rejection and a move lower.
EURGBP Trading Opportunity! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8464 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8509
Recommended Stop Loss - 0.8434
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURGBP is going to repeat its bearish pattern for the 3rd timethe pattern is that whenever the pair makes a new LL it creates a temporary support zone there moves upwards near the fib zone and then comes downward rectangles have been drawn on the chart for more understanding. this time it is also making new LL with temporary support w8 for the price to come at any fib level which has also been drawn and place sell order
Buy EUR/GBPTrade Idea: Buy EUR/GBP
Entry: 0.84731
1st take Profit: 0.85300
2nd Take Profit: 0.86126
Rationale:
Technical Analysis: EUR/GBP has shown strong Support near the 0.84300 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 0.83500 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.
Eurgbp Bearish Reversal The Bulls are pulling out and in are stepping the bears ready to scoop the underlying liquidity @0.85153 as the aggressive traders will try and drive the market down to around @0.84600 but since am just a moderate trader I will be eyeing my 1st tp @ 0.85153 I can see potential unmitigated orders which the big banks will also be targeting as the fuel the currency back up again but as of this week they will be more focused on mitigating those orders so am with the Bears on this one.
EURGBP : a mid-term trading setup (Price in Sell zone)Trading Setup:
There is a Trading Signal to Sell in EURGBP Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 0.8579
⭕️SL@ 0.8627
🔵TP1@ 0.8471
🔵TP2@ 0.8406
🔵TP3@ 0.8326
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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B/C Correction for E/G Before Descent To .8400?!Here I have EUR/GBP on the 4Hr Chart!
Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area.
This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405!
Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133!
*Golden Zone @ .85032 - .85087
After which I will be looking to take Sell Opportunities to finish the Wave!
Indicators:
-Price Trading Below DSR
-Price Trading Below 200 EMA
-DSR + EMA leading to "Death Cross"
-RSI Below 50
-BBTrend Printing Red Bars
Correction It is expected that the current downtrend will end in the current support range and we will see the beginning of the uptrend.
If the green support zone is broken, the continuation of the downward trend is likely
Potential bullish rise?EUR/GBP is currently reacting off the support level which is a pullback support that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8458
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Stop loss: 0.8406
Why we like it:
There is a pullback support level.
Take profit: 0.8508
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
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EURGBP POTENTIAL LONG OPPORTUNITYAlright what is happening everyone! Hope you are all doing great! Just wanted to come on here and post a potential opportunity I see on the EURGBP currency pair. So let’s dive in!
OK so for me what fueled this trading idea was the large market move it had made a couple weeks ago shooting prices from the 0.84000 zone to the 0.86000 zone showing a significant interest from the buyers in this market. And if the bigger players want to buy, then I want to buy. BUT I want a discount…make sense right? Isn’t everyone when looking to buy something wanting to wait for a discount before doing so? SAME THING IN THE MARKETS! OK had to do that short little rant lol.
But truly this move left a historical level of previous demand (buyer zone) that I am truly interested in for the near future moving forward. So let’s watch price as it comes down into that zone of demand and see if the buyers are still interested in this currency pair.
OK hope you all get some value out of this and please boost this post and follow my page for more accurate analysis and trade ideas! Cheers!
EURGBP - Confluent ShortThis idea is for a short on the EURGBP pair from a high probability zone.
This area of confluence is the merger of 3 factors.
1. Structure - the .8500 level has acted as both support and resistance since June 24.
2. Trendline - can be observed from August 8th, acting as angular resistance for the downtrend form the recent Supply Zone.
3. Moving Averages -
a. 20/50 - with the 20 below the 50 = bearish bias.
b. 200 EMA Channel - with price crossing below , we have a bearish bias.
4. Psychological level - the large round number.
Look for candlestick formation , showing a rejection of price from .8500 early next week.
The Target is the Demand Zone below.
EURGBPEURGBP is strongly bearish, I would like to see a little correction at where price is presently before continuing downwards
EURGBP - Confluence of Bat Pattern, Divergence and Vol SpikeEURGBP has printed strong divergence on MACD and also seem to be completing harmonic bat pattern . We had a volume spike in this support area as well. All this seem to suggest we are in for correction up till next resistance zone.
EURGBP "Chunnel" Bullish Robbery Plan on Long SideMy Dear Robbers / Traders,
This is our master plan to Heist EURGBP 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Stop Loss : Recent Swing Low using 2h timeframe
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