EURGBP Bullish EURGBP making bullish cup & handle
no current divergence
previous divergence seems played already
buystop above tip of handle
SL below hump of cup
GBPEUR trade ideas
EURGBP Simple Trade Plans Consistent Lower highs/lows has brought the EURGBP out of a range that lasted a reasonably long time.
Areas exist above and below. Any significant push would take us beyond resistance and into higher levels of Price Action.
Levels labelled.
possible shortlooks a possible retracement trade after that huge bullish push. im taking the short 80pip
EURGBP: Dovish BoE and Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85800 support and resistance area.
We would also consider the current dovish stance from the Bank of England, that should trigger further GBP weakness against EURO.
Trade safe, Joe.
EURGBP Double Top at SupplyWe can see the preceding Rally to the Supply Zone.
First Peak - has formed .8619. The volume was a High VSA candle ( Yellow).
When a double top forms the intervening price action has progressively lower volume. As can be
seen in this pair.
Second Peak - is forming. It should form with lower volume. As it is here with an Average VSA candle (Green). This shows buyer exhaustion and the potential for sellers to take control and price to move down.
It would be nice if this was associated with a liquidity run to trap buyers above .8620.
On a break to the downside, particularly the Neckline , there is likely to be higher volume Yellow or Red as the smart money comes into play.
Short term Bias is now Bearish, with a move to either the 200MA or further to the Demand Zone.
EURGBP: Pullback From Key Level 🇪🇺🇬🇧
I think that EURGBP may retrace from a key daily horizontal resistance.
After its test, the pair broke and closed below a support line
of a rising parallel channel on an hourly time frame.
The market may reach 0.8544 level soon.
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EURGBP - Long Trade IdeaSimple long trade idea here.
There is equal highs above. I have my signature R2F gap on the 1h for a long POI. When I saw price, it had just tagged into it, so I market bought in with a stop below the low.
Yup, It is pretty simple. Let's see how it plays out =)
- R2F
EURGBP SELL OPPORTUNITYIn the past week we so the eurgbp rise thus creating a new supply gap and has now reached a weekly resistance zone. We can take this opportunity and enter a sell ride through the week. Happy trading guys
Eurgbp hello everyone
its been 3 months almost for this pair going bearish... last week we see a big spike in price, breaking the resistance trendline.. price can test 200ma and then do correction as shown..
after correction price can continue making uptrend...
however be aware the weekly rsi is still below 50 rsi.. so look for proper full back and breakout of structure and candle.. daily rsi spike above 50, so bullish momentum can stay strong this week..
for proper uptrend the 20,50ma need to cross 200ma...
good luck .. trade safely
EURGBP LONG Market structure bullish on HTF 30
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Daily EMA retest
Around Psychological Level 0.84500
H4 EMA retest
Candlestick rejection
Rejection from Previous h4 structure
Levels 5.38
Entry 115%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
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: Every Moment Is Unique
: Rinse, Wash, Repeat!
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EURGBP SELLHi fellow traders, EURGBP will be ready to make a move lower from the blue box after it completes the expanding flat pattern. Target the 0.8259 level. Good luck and trade safe!
LH and LL seen..!!!All the best.
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EURGBP TRADES AT 0.85781EURGBP currently trade at 0.85781 level. Price May decline from that resistance level. I anticipate a strong sell off that zone.
EURGBP BULLISH REVERSAL EXPECTED SOON As we approach the end of the month a bullish reversal is expected on this currency as in the past week we have seen the lowest low weakening To produce an Equal low meaning the bears have exhausted the momentum on the downside and that the Bulls are stepping in and more buy orders are being injected we need to hit the nearest supply zone to produce enough liquidity to fuel the currency on a bearish trajectory expecting after the choch next week we might see a reversal and More bulls coming in and getting the price @0.84785, for now, am just going to take the 1st tp as await the next move.
The next 2nd tp for aggressive traders would aim @0.84600 sl set your own preference
EUR/GBP Finds Support at 0.8400: Potential for a Bullish SetupAs anticipated, the EUR/GBP currency pair has found support around the 0.8400 level, aligning with our previous forecasts. This area has proven to be a strong demand zone, where buyers seem poised to initiate a retracement, potentially driving the price higher.
Currently, the EUR/GBP pair remains within a consolidation phase. However, market sentiment indicates that buyers are preparing to step in, suggesting a possible upward movement. The current market conditions also coincide with a seasonal trend, historically known to favor an increase in EUR/GBP value over the coming weeks.
Our comprehensive analysis of supply and demand dynamics supports the outlook for a bullish retracement. We are particularly focused on identifying long position opportunities, as the demand area around 0.8400 demonstrates significant support for the pair. Traders should watch for confirming signals of a breakout from the consolidation phase, which could mark the beginning of a sustained upward trend.
In conclusion, the EUR/GBP is showing promising signs of a rebound from its current support level. With the convergence of technical analysis and seasonal factors, we are optimistic about the potential for a bullish retracement. Monitoring the pair closely for entry points in long positions could yield favorable trading opportunities in the near future.
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EURGBP ProjectionOn the LTF we have a confirmed break of Market Structure. The impulsive Rally of
the last trading day has seen price break 1.8500 and establish a higher high.
Looking next week for this pair to consolidate between .8480 - .8520,
before a move up to the Supply Zone at .8640. This should be confirmed with RSI moving out of
the OB zone and into lower levels (50-70)
The HTF Market Structure is Bearish and intact. With this in mind, the move back to Supply would simply be a correction, before a larger move down in line with market structure.
The possibility of correction...Hello friends,
According to the chart, I expect a correction to the specified range.
Let's see what happens!
what is your opinion?
Good luck.
# Let's look simply
Uptrend It is expected that the upward trend will advance up to the ceiling of the channelization, then there will be a possibility of changing the trend and starting the corrective trend.
EUR_GBP LOCAL SHORT|
✅EUR_GBP is retesting a resistance level of 0.8540
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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eurgbpon the 3 hour timeframe price has taken out the previous candle stick range high and closed below it and now price it headed for the major CRL which is the SELL-SIDE LIQUIDITY.
EURGBP - All set for a bullish breakout from falling wedgeEURGBP seems to be on course for a bullish break out from falling wedge pattern on daily time frame. The formation of bullish divergence of MACD lends further strength to bullish forecast for coming days.
Eurgbp Getting Ready For Solid bullish Rally 500 Pips Conflicts In Middle East Effecting Global Stocks Markets And Currencies Badly As Per The Chart It Will Effect Eur Gbp Too In Coming Days
Eurgbp Looking Bullish For Midterm In 3 Days Timeframe Recently Breaks Crucial Horizontal Resistance And Testing Falling Wedge s Trendline Too Incase Of Falling Wedge Breakout expecting 500 Pips Bullish Wave In Coming Days
EURGBP longhello everyone, price has been bearish and reached the main daily weekly support level... looking in 4hr tf, the price made new high and new high low... price is trending to bullish direction... price is not showing a strong bearish move, therefore price is liquidating and may become more bullish.. price may pull back to correction point 1 or 2.. however price is getting closer to 200sma... once price crosses 200sma price will remain bullish... at this point there is no confirmation as price is still ranging..
