EUR/GBP Short Setup – Technical Breakdown Aligns with Dovish ECBTechnical Insight:
EUR/GBP is once again rejecting a major higher timeframe resistance zone, showing clear signs of bearish pressure. Price action has decisively broken below the ascending trendline that held since April 2, confirming a market structure shift. The break adds to confluence as momentum turns in favor of sellers.
Fundamental Backdrop:
This week’s European Central Bank (ECB) meeting is highly anticipated, with increasing speculation that policymakers will lean dovish—potentially signaling readiness to cut rates as early as June. Recent data from the Eurozone (including sluggish PMI prints and easing inflation figures) has further pressured the euro, making it vulnerable ahead of the announcement.
In contrast, the Bank of England remains cautious on rate cuts amid persistent wage and services inflation, which may keep GBP relatively supported in the near term.
Key Takeaways:
Bearish market structure confirmed with trendline break
HTF resistance still holding firm (0.8737–0.8743)
ECB likely dovish, weakening euro fundamentals
BoE more hawkish stance strengthens GBP outlook
Risk-reward ratio remains favorable with downside targets around 0.8350–0.8320
GBPEUR trade ideas
EURGBP SHORT FORECAST Q2 W16 D18 Y25EURGBP SHORT FORECAST Q2 W16 D18 Y25
Fun Coupon Friday !
SUMMARY
- Trading areas identified
- Long position via 4H order block + weekly wick imbalance fill alignment. 15' breaks of structure required prior. 15' order block to be created post 15' break of structure. B set up.
- Short position via weekly order block 15' order block identified.15' breaks of structure required prior & lower time frame break of structure + turn around in price actions. A Set up
FRGNT X
EURGBP – Bullish Cypher Harmonic Pattern EURGBP – Bullish Cypher Harmonic Pattern 🟢🌀
✅ Pattern Overview:
Pattern Type: Bullish Cypher Harmonic
Status: Pattern completed or completing at D-point (PRZ)
Timeframe: Typically on 1H / 4H / Daily
Bias: Bullish Reversal expected from PRZ
🧩 Cypher Pattern Structure:
XA: Initial strong bullish leg
AB: Retraces to 38.2%–61.8% of XA
BC: Extends beyond X (typically 1.272–1.414)
CD: Retraces to 78.6% of XC
→ D-point = Potential Buy Zone
📍 Key PRZ Zone: Near 78.6% Fibonacci retracement of XC leg
📈 Trade Plan – LONG Setup
Entry:
Buy at or near the D-point (PRZ) – ideally with confirmation (e.g., bullish divergence, support zone, or price action signal like engulfing candle)
Wait for 1H/4H bullish candle close above local low
Stop-Loss:
Just below the X-point or local swing low
Allow some breathing room for harmonic volatility
Take Profit Levels:
TP1: 38.2% of CD
TP2: 61.8% of CD
TP3: Revisit of B-point zone (optional)
R:R Ratio: Minimum 1:2, ideally more
⚠️ Things to Monitor:
Euro and Pound fundamentals (news/data releases)
Price must respect PRZ zone and show momentum before entry
Confluence with trendline support, order block, or RSI divergence is ideal
EUR/GBP – Trendline Break & Retest: Reversal Confirmed?Technical Outlook:
EUR/GBP has broken above the descending trendline and is now retesting it from above near 0.8540–0.8560. This zone is critical — holding it confirms a trend reversal. If successful, the next upside targets are 0.8625 and 0.8680. RSI remains above 50, and MACD continues to support bullish momentum.
Fundamentals:
Dovish expectations from the BoE weigh on the pound. The euro gains support from improving inflation outlook and capital inflows. Interest rate differentials now favor EUR.
Scenarios:
📈 Main: bounce from 0.8540–0.8560 → move to 0.8625 and 0.8680
📉 Alt: break below 0.8540 → retracement to 0.8500–0.8480
EUR-GBP Bullish Bias! Buy!
Hello,Traders!
EUR-GBP is trading in a
Strong uptrend and the pair
Made a bullish breakout of
The key horizontal level
Of 0.8623 then surged
Further up and is now
Making a local bearish
Correction so we are
Bullish biased and after
The retest of the new
Support level we will be
Expecting a further
Bullish move up
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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!!
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Lingrid | EURGBP tests RESISTANCE at July 2024 High. ShortThe price perfectly fulfilled my last idea . It hit TP. FX:EURGBP market shot up and reached the resistance zone as well as channel border. The price is now near the July High of 2024. The market has completed an ABC move where the C point is near the psychological level at 0.86000. On the 1H timeframe, the price has formed a double top with bearish divergence, suggesting a potential pullback. If the market remains below this resistance zone, I expect the price may retest the lower levels after the impulse leg. My goal is support level 0.84600
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EUR/GBP Analysis Double Bottom Breakout Toward TargetOverview of the Chart
This chart displays a EUR/GBP daily timeframe setup, highlighting a Double Bottom Pattern, a well-known bullish reversal formation. The pattern consists of two consecutive lows at a similar price level, followed by a breakout above a key resistance zone. This setup suggests a potential trend reversal from bearish to bullish.
Technical Analysis Breakdown
1. Double Bottom Formation (Reversal Signal)
Bottom 1: The first low was established after a prolonged downtrend, where the price found support and bounced higher.
Bottom 2: Price revisited the same support area but failed to break lower, indicating that sellers are losing strength and buyers are stepping in.
A double bottom pattern signals that the asset is forming a strong base and is likely to move higher after breaking the neckline (resistance level).
2. Support and Resistance Levels
Support Level (~0.8322):
This level acted as a demand zone, preventing further downside.
It marks the price area where buyers accumulated positions, leading to a reversal.
Resistance Level (~0.8500):
This level previously acted as a supply zone, where sellers controlled the price.
A breakout above this level is crucial to confirm the bullish trend continuation.
3. Breakout Confirmation & Retest Expectation
The price successfully broke above the resistance zone, confirming a bullish reversal.
A potential retest of the broken resistance (now turned support) could occur before further upside movement.
Traders often wait for this retest to confirm that the breakout is genuine before entering a position.
4. Price Target Projection
Based on the measured move strategy, the expected target is calculated by measuring the height of the double bottom pattern and projecting it above the breakout zone.
Target Price: 0.8742, aligning with historical resistance levels.
5. Stop Loss Placement
Stop loss at ~0.8322 (below the double bottom support).
This ensures risk is managed in case of an invalid breakout or a false move.
Trading Plan & Execution Strategy
📌 Entry Strategy:
✅ Breakout Entry: Buy after the breakout above resistance.
✅ Retest Entry: Wait for a pullback to the previous resistance (now support) before entering.
📌 Risk Management:
🔹 Stop Loss: Placed below the recent support at 0.8322 to limit downside risk.
🔹 Take Profit: First target at 0.8742 based on the double bottom structure.
📌 Market Outlook:
A successful breakout and bullish momentum could push prices toward the target.
If the price fails to hold above the breakout zone, a deeper retracement could occur before continuing higher.
Conclusion
The EUR/GBP pair has formed a bullish double bottom reversal pattern, signaling a potential uptrend continuation. The key levels to watch include 0.8500 (resistance turned support) and 0.8742 (target projection). Traders should monitor price action around the breakout zone for confirmation and consider risk management strategies before entering a position.
EURGBP Massive Short! SELL!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8674 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8620
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EURGBP is ready to take off ... the week of 07 Apr 2025Weekly chart – strongly bullish, broke above previous structure
Daily chart – strongly bullish, broke above previous structure
H4 chart – bullish, now pulling back towards previous resistance, now turned support.
The formation of a higher low on the daily adds to my confidence that we are headed higher. This is actually a breakout-retest setup. When/If price reaches this zone, I will be monitoring PA on H4 and H1 timeframes with a view to find evidence of a bullish continuation. We could easily have a much deeper retracement too. In the current uncertain world economic situation, it is vital to establish that control of the market has returned to the bulls, before taking a trade.
Stop may be larger than what I would like, but it will need to be below the nearest swing low. Target can be generous too – at 0.8613 or anywhere higher right up to 0.8750.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, only trade with money you can afford to lose and carefully manage your capital and risk.
If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
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.
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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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP Discretionary Analysis: Eyes on the SupplyIt's that feeling when you just know the tide's about to turn (like when you're waiting for the wind to pass but can already smell the rain). EURGBP is giving off that "Next stop? Supply zone" kind of vibe. I see it pushing up to test that level, like it's gearing up for a showdown. If I'm right, I'll be eyeing some clean entries to make a move. If I'm wrong, I'll just grab a coffee and wait for the next opportunity to roll in.
Just my opinion, not financial advice.
Short trade
15min ~TF overview
📉 Trade Breakdown – Sell-Side (EUR/GBP)
📅 Date: Thursday, April 10, 2025
⏰ Time: 12:30 PM (NY Time) – NY Session AM
📈 Pair: EUR/GBP
🧭 Direction: Short (Sell)
📐 Structure/Concept: Based on PD Array reference (0.5 Target)
Trade Parameters:
Entry: 0.86418
Take Profit (TP): 0.86102 (–0.37%)
Stop Loss (SL): 0.86609 (+0.22%)
Risk-Reward Ratio (RR): 1.65
Reason: price reaching a pivotal price level and making a higher high (NY Session) suggests an indication of a sellside trade idea.
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
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURGBP SELL TRADE PLAN🔥 EUR/GBP TRADE PLAN
📅 Date: 08 April 2025
🔒 Format: Institutional 0.01% Precision
🔖 Plan Type:
Main Swing Trade
📈 Bias & Trade Type:
Bearish Swing Continuation
🔰 Confidence Level: ⭐⭐⭐⭐ (80%)
Reasons / Confluences:
– D1 lower high structure holding
– H4 bearish OB + FVG overlap
– Volume absorption at premium
– EUR weak vs GBP in macro sentiment
📌 Status:
Price nearing Primary Sell Zone – Waiting for Confirmation
No active entry yet. No H1 bearish trigger candle seen.
📍 Entry Zones:
🟧 Secondary Sell Zone: 0.8575 – 0.8590
(Deeper premium liquidity sweep + FVG + HTF inducement)
❗ Stop Loss:
Above 0.8610
(Cleans structural high and invalidates OB stack)
🎯 Take Profits:
TP1: 0.8470 – intraday reaction level
TP2: 0.8415 – HTF demand base
TP3: 0.8355 – D1 swing low
📏 Risk:Reward:
Minimum R:R = 1:3.1 from Primary Entry
Higher R:R if entry refined via confirmation
🧠 Management Strategy:
– Enter only on H1 bearish rejection
– Move SL to BE after TP1 is hit
– Secure 50–70% at TP2
– Let TP3 run with trailing stop
– Optional re-entry if zone retests with volume drop-off
⚠️ Confirmation Criteria:
– H1 bearish engulfing or pin bar inside the zone
– M15 RSI divergence or trendline break
– Volume drop-off / absorption candle at EMA + OB
– Optional M30 BoS flip for added entry precision
⏳ Validity:
Valid for 24–48 hours
Plan invalid if price closes above 0.8610 on H4
🌐 Fundamentals:
– GBP supported by stable macro outlook
– No major EU/UK red news in 24h window
📋 Final Summary:
Looking to short EURGBP on clean reaction from 0.8575–0.8595 with confirmation. Structure, macro, and volume aligned. High-probability swing entry with clean downside room. Only execute with LTF trigger.