EURGBP BullishEURGBP has formed a series of higher highs and higher lows with no divergence which means that trend is likely to continue towards upside. The EUR index is currently bullish and GBP index is bearish.
GBPEUR trade ideas
Long EURGBPLong EURGBP
1. Market Analysis:
Asset: EURGBP
Timeframe: Daily
Pattern: Bullish divergence
Sentiments: Bullish
Fundamentals: Bullish
2. Entry Criteria:
Bullish Divergence: Confirm bullish divergence on the daily timeframe using indicators like RSI or MACD. Bullish divergence occurs when the price forms lower lows, but the indicator forms higher lows, suggesting a potential reversal.
Bullish Sentiment and Fundamentals: Ensure that the overall market sentiment and fundamental analysis align with a bullish outlook for EURGBP.
3. Trade Setup:
Entry Point: Enter a long position at the close of a bullish candlestick pattern that confirms the divergence. Look for additional confirmation from fundamental news or sentiment shifts.
Stop-Loss: Set the stop-loss order below the recent swing low to limit potential losses if the price moves against your position. Ensure that the stop-loss level is at a logical support level to avoid being stopped out by normal market fluctuations.
Take-Profit: Determine your take-profit target based on key resistance levels or a favorable risk-reward ratio. Consider using a risk-reward ratio of at least 1:2 to ensure that potential profits outweigh potential losses.
4. Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level. Ensure that you only risk a predetermined percentage of your trading capital per trade (e.g., 1-2%).
Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2 or higher. This means if your stop-loss is 50 pips below your entry, your take-profit should be at least 100 pips above your entry.
5. Additional Confirmation:
Volume Analysis: Check for an increase in volume to confirm the validity of the bullish divergence and the potential for a strong upward move.
Support and Resistance: Ensure that the trade aligns with key support and resistance levels on higher timeframes (e.g., weekly).
6. Trade Execution:
Place Orders: Set your buy order, stop-loss, and take-profit levels according to the above criteria.
Monitor the Trade: Keep an eye on the trade to manage it effectively. Adjust the stop-loss to break even or trail it as the trade progresses in your favor if necessary.
7. Review and Adjust:
Post-Trade Analysis: After the trade is closed, review the outcome to learn from the trade. Evaluate what worked well and what could be improved for future trades.
EURGBP LongTitle: Long EURGBP Based on Bullish Divergence on Daily and 1-hour
Trade Setup:
- Asset: EURGBP
- Timeframes: Daily and 1-hour
- Entry: Buy at the close of a bullish candlestick pattern confirming divergence on the 1-hour chart
- Stop-Loss: Below the recent swing low on the 1-hour chart
- Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio
Analysis:
- Bullish divergence confirmed on both daily and 1-hour timeframes
- Volume supports potential bullish reversal
Trade Plan:
- Enter long position on 1-hour bullish confirmation
- Set stop-loss below recent 1-hour swing low
- Take profit at key resistance levels or using a 1:2 risk-reward ratio
- Risk 1-2% of trading capital
This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in EURGBP across multiple timeframes.
EURGBP: Short Trading Opportunity
EURGBP
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURGBP
Entry Point - 0.8507
Stop Loss - 0.8534
Take Profit - 0.8456
Our Risk - 1%
Start protection of your profits from lower levels
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eurgbp sell , Green lower boundary pressure levelThe white oscillation range falls below, the green oscillation range falls below, and continues to decline,
Potential BULLSPrice has formed what looks to be a bullish wedge (corrective structure), broke out of the structure and heading upstairs.
From our point of view, we think that this instrument is going up with the BULLS.
EUR/GBP Buy AnalysisTrade Idea: Buy EUR/GBP
Entry: 0.84957
1st take Profit: 0.84600
2nd Take Profit: 0.84186
Rationale:
Technical Analysis: EUR/GBP has shown strong resistance near the 0.8500 level, with recent price action indicating potential for an downward move.
Resistance Break: A breakout above recent resistance suggests bullish momentum could carry the pair towards the 0.85500 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 Is Going Down! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.849.
The above observations make me that the market will inevitably achieve 0.846 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURGBP Possible Bullish MovePrice created a CHoCH to the upside indicating a possible bullish move. Price heading to a buy zone for possible entry.
Remember: Risk management very important.
DeGRAM | EURGBP an ascending structure in the channelEURGBP is moving in an ascending channel between the trend lines.
The price has reached a level that has already become a reversal point twice.
We expect a rebound after a retest of the lower boundary of the channel.
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EURGBP 8/2/2024Revised Analysis: EUR/GBP
Market Outlook Shift:
Bias Change: Transitioned from a bearish to a bullish outlook. The shift indicates a potential for a deeper correction to the upside, suggesting that previous bearish expectations may no longer apply.
Counter-Trend Position: In a risk-off environment, this adjustment suggests a positioning against the prevailing trend, anticipating that the market will move upward despite broader risk aversion.
Current Price Action:
Upward Movement: The market is showing a clean upward trajectory, indicating that the bullish move is progressing as anticipated.
Setup Status: No immediate buying setup is present at the moment. This implies that while the move is clean, it’s essential to wait for a more precise entry point.
Invalidation Point:
Location: The invalidation point is set below a key accumulation resistance line and aligns with the 4H RJB block. This is a strong level for invalidation because it coincides with established technical barriers.
Significance: If the price falls below this level, it would invalidate the current bullish scenario and suggest a reevaluation of the bullish bias.
Action Plan:
Continuation Strategy:
Low Risk-to-Reward: With a favorable risk-to-reward ratio, holding onto buy positions remains justified. The distance to the invalidation point provides a manageable risk.
Monitoring: Keep an eye on price movements and key technical levels to confirm the continuation of the bullish trend.
Position Management:
Holding Buys: Continue to hold long positions while waiting for additional buying signals. Ensure to adjust stop-loss levels as needed based on the invalidation point and price action.
Future Setups:
Waiting for Confirmation: Watch for specific patterns or setups that would further validate the bullish trend. This may include price action signals or technical indicator alignments that reinforce the buying opportunity.
Summary:
You’ve correctly identified a bullish shift in the EUR/GBP market with a clean upward move in progress. While no immediate buying setup is present, holding long positions remains viable with a well-defined invalidation point below key resistance levels. Continue monitoring for further confirmations to adjust your strategy effectively.
Possibility of uptrend It is expected that the corrective trend will form up to the specified support area, and then a reversal of the trend and continuation of the upward trend is likely.
EURGBP POTENTIAL SELL OPPORTUNITYHello Everyone!
How are you all?
EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a bearish structure.
3. The price has approached the value area, completed the third touch of the structure, and made a bearish impulse.
Game Plan:
If the price forms a 15mins/1H flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
EURGBP: Uptrend Potential Amidst Diverging Monetary PoliciesThe Euro (EUR) has been gaining ground against the British Pound (GBP) in recent times, primarily driven by diverging monetary policy stances between the European Central Bank (ECB) and the Bank of England (BoE).
Market expectations point towards a more aggressive interest rate cutting cycle in the UK compared to the Eurozone. While both central banks have hinted at potential rate reductions to stimulate their economies, the BoE is anticipated to act more swiftly. Historically, interest rate cuts tend to weaken a currency. Coupled with the perceived resilience of the Eurozone economy relative to the UK, this dynamic has been supportive for EURGBP.
However, it's crucial to remember that currency markets are influenced by a multitude of factors. Economic growth, geopolitical tensions, and investor sentiment can significantly impact exchange rates. Therefore, while the current landscape favors the Euro, the situation remains fluid and subject to change.
From a technical perspective, short-term indicators suggest potential upward momentum for EURGBP. However, conflicting signals from longer-term indicators introduce caution. Traders should carefully consider this analysis in conjunction with other factors before making trading decisions.
EUR-GBP Resistance Ahead! Sell!
Hello,Traders!
EUR-GBP is going up now
But the pair is locally
Overbought so after it
Hits the horizontal resistance
Of 0.8500 from where we
Will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
EURGBP expecting a Retest @0.84194 before the bulls comes in As the Eurgbp starts its Choch, I am just waiting to see a Bearish retest @0.84194 before the Bulls can continue to push the price back up to @0.84861 which would be the tp for aggressive traders.
EURGBP: Boe Rate Decision and Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
We would keep an eye on today's BoE rate decision as most banks expect a rate cut including Goldman Sachs and Bank Of America.
Trade safe, Joe.
EURGBP Under Pressure! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8443
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8423
My Stop Loss - 0.8458
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
EUR/GBP SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the EUR/GBP with the target of 0.837 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURGBP long until MPCUsing FVG and trend lines to suggest a possible outcome ahead of the MPC decision in 12 hours time, and what might happen from there.
A POTENTIAL SELL OPPORTUNITY IN EURGBPAhead of BoE interest rate, A possible sell opportunity is envisaged from the current market price of 0.84199 as
We expect a fall In price to 0.83828
Take advantage of the sell opportunity.
