momentum adds to our previously shared pound shorts.momentum adds to our previously shared pound shorts.
If dips further the zones shown are highly attractive for this week
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GBPEUR trade ideas
EUR/GBP may go lower next weekPrice filled sunday's gap and from there we got a strong impulse down.
Price also stuggled to go up from support at 0.83000.
Bulls were weak or there was low interest in buying.
This tells me that price may go down lower and at least take out week's
lows.
For entry wait for some pullback or open a small position
and add to it later. This because friday ended with
strong bearish candle and current prices doesn't give a good
R/R.
EURGBP: Bulls Will Push Higher
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURGBP pair price action which suggests a high likelihood of a coming move up.
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#EURGBP 4HEURGBP (4H Timeframe) Analysis
Market Structure:
The price is currently forming a symmetrical triangle pattern, indicating market consolidation and reduced volatility. This pattern suggests that the price is preparing for a breakout, but the direction remains uncertain. A breakout on either side will provide further clarity on the next potential move.
Forecast:
Traders should wait for a confirmed breakout in either direction before entering a position.
Key Levels to Watch:
- Entry Zone: A breakout above the resistance trendline may signal a buy opportunity, while a breakdown below the support trendline may indicate a sell opportunity.
- Risk Management:
- Stop Loss: Placed beyond the breakout level to manage risk.
- Take Profit: Target the next key support or resistance levels, depending on the breakout direction.
Market Sentiment:
A symmetrical triangle represents market indecision, and a breakout in either direction will determine the next trend. Waiting for confirmation ensures alignment with the prevailing market movement.
EURGBP Will Fall! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.831.
Considering the today's price action, probabilities will be high to see a movement to 0.826.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/GBP - Weekly OutlookTop Down Analysis
Daily- We appear to be making a Batwing Fibonacci. Targeting two points of liquidity . I would like to sweep sell side Liquidity before reversing from that Mitigation Block you will see in the 4H
4H- Elliots wave correction finishing the "E" leg suggesting a larger move out of this liquidity trend
1H- Same view expect I mark out in better details where I belive a Liquidity grab might occur
Good luck to all the traders that might follow
EUR/GBP - Bullish Momentum Locked InPlaying the continuation smart and precise.
4H:
Liquidity already taken out, and price has mitigated the order block, setting up for that clean push to the highs.
30M:
Structure stays bullish — liquidity swept, mitigation respected at the refined order block, and demand holding strong. Bulls still in control.
5M:
Now it’s all about timing. Waiting for that CHoCH flip and liquidity entry to ride this wave higher. Let’s make it count.
Bless Trading!
Long trade
1Hr TF Overview
Buyside Trade
Pair: EURGBP
Date: Thursday, 13th February 2025
Time: 5:00 PM (NY Time)
Session: London to NY Session PM
Trade Details:
Entry: 0.83237
Profit Level: 0.83538 (+0.36%)
Stop Level: 0.83086 (-0.18%)
Risk-Reward Ratio (RR): 1.99
This buyside trade is based on a multi-timeframe approach, aligning structure across the 1H, 4H, and daily timeframes to confirm bullish momentum.
Timeframe Breakdown:
1H Timeframe: Entry confirmation based on price action signals, involving a break of structure (BOS)and or retest of a demand zone.
4H Timeframe: Provides higher timeframe context, showing a shift in market structure favouring upside movement.
Daily Structure: Ensures that the trade aligns with overall market bias, avoiding counter-trend setups.
EURGBP coiling energy buildup, The Week Ahead 17th Feb 25The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 0.8380, which is the 25th February swing high. An oversold rally from the current levels and a bearish rejection from the 0.8380 level could target the downside support at 0.8286 followed by 0.8245 and 0.8200 levels over the longer timeframe.
Alternatively, a confirmed breakout above 0.8380 resistance and a daily close above that level could trigger further rallies higher and a retest of 0.8400 resistance level followed by 0.8420 and 0.8460.
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.
Minimum 9% Buy and hold at 9 year support + Confluence factorsHigh confluence zone gathering POC's of the last few months of 2024 and a Month Fair value gap used as a support for over 10 years.
This is a grab for me and its ready by monday as we retest the Q1 Pivot point
This EMA200 of a monthly chart is only available since 2018 but is such a wonderful support resistance for many pairs of Forex and we clearly see it happening with two week candles rejecting.
I will add to the winner above weekly BISI Fair value gap of Jan 06 at 0.838 after retest and only 1 more position to .81 which is higly risky if we reach .81
But getting down there would be a wreck of the British economy which is a 9 year low
EUR-GBP Local Bullish Bias! Buy!
Hello,Traders!
EUR-GBP is already making
A bullish rebound after the
Retest of the rising support
Line which reinforces our
Local bullish bias and makes
Us expect a local bullish
Move up
Buy!
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Check out other forecasts below too!
EURGBP1.4H
2.TREND UPT/uptrend
3.KEY LEVEL SUPPORT/support
4.SYMMETRICAL TRIANGLE/
5.INDICATORS/RSI67/STO11/VOLBULLISH /rsi46/sto23/volbearish
6.rsi29/sto19/volbullish signs//rsi40/sto41vol bullish
7.FIB EXTERN DoNE / blue up /
8.FIB RETRACE DONE /red zone reversal pattern//break the blue before of gaps
9.strong support zone /
10buy zone and uptrend /
11.1/2,1/3,1/4,1/5
12DIVERGENCE / BULLISH DIVERGENCE /BULLISH HIDDEN /bullish divergence / bet point to buy/
13.bullish expanding triangle/bullish kicker/bullish engulfing
14.reversal divergence /bullish falling wedge /exp bos/losest zone/bos bullish
Buy at thiszone we look for new during the week before buying or volitiles
B$r/bos/
1.2H
2.TREND UPT/upt
3.KEY LEVEL RESISTANCE ZONE/support zone/
4. BULLISH EXPENDING TRIANDLE /symmetrical triangle
5.INDICATORS/RSI44/STO24/VOLBULLISH /rsi55/sto38/volbullish sentiment /
6rsi30/sto31/vol bullish signs
7.FIB EXTERN DONE/
8.FIB RETRACE DONE/
9.exp buyers here /buyers try topush the price higher
10support zone /false breakoiut
11.1/2,1/3,1/4,1/6
12DIVERGENCE . BULLISH HIDDEN// bllish divergence /bullish divergence with gap
13CANDLE STICK PATTERN/long weak at support zone /threewhite strikes/bullish harami/hammerbullish/
14REVERSAL DIVERGENCE /exp bos
1.1h
Bullish for the week ww looking forward to the news
Check mataf for pip calcul/ 0.0100 gbp perpip
Contrat: 7 USD = 5 GBP
pips valeur: 0 GBP
Levier: 0.05
Risque: 0.02 GBP = 0.02%
Profits: 0.15 GBP = 0.15%
Rendement:Risque: 5.97:1 /excute 4 at each level
Scenario on EURGBP 13.2.2025On this chart, I see the situation like this: if I should take a short, then the first sfp at the price level of 0.83800-0.84000, if I should be interested in a long position, then the first target that makes more sense to me is the sfp at the price of 0.8300, other scenarios are other alternatives where the market could react if certain conditions are met