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GBPEUR trade ideas

EURGBP FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024): Intraday Sentiment: 48% bearish, 52% bullish Daily Sentiment: 81% bearish, 19% bullish Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP. Upcoming Economic Events and Trading Recommendations: Monday, July 29, 2024 10:30 AM ET - UK Mortgage Approvals Expectation: 63.50 Thousand Recommendation: Sell EUR/GBP 12:00 PM ET - UK CBI Distributive Trades Expectation: Retail Sales MoM at 0.40% Recommendation: Buy EUR/GBP Tuesday, July 30, 2024 07:30 AM ET - France GDP Growth Rate QoQ (Preliminary) Expectation: 0.10% Recommendation: Sell EUR/GBP 09:00 AM ET - Spain GDP Growth Rate QoQ (Flash) Expectation: 0.30% Recommendation: Mixed Bias 10:00 AM ET - Germany GDP Growth Rate QoQ (Flash) Expectation: 0.10% Recommendation: Sell EUR/GBP 11:00 AM ET - Euro Area GDP Growth Rate QoQ (Flash) Expectation: 0.30% Recommendation: Sell EUR/GBP 01:00 PM ET - Spain Business Confidence Expectation: 3.00 points Recommendation: Buy EUR/GBP 02:00 PM ET - Germany Inflation Rate YoY (Preliminary) Expectation: 0.30% Recommendation: Mixed Bias Wednesday, July 31, 2024 08:45 AM ET - France Inflation Rate MoM Expectation: -0.60% Recommendation: Mixed Bias 09:55 AM ET - Germany Unemployment Rate Expectation: 5.90% Recommendation: Sell EUR/GBP 11:00 AM ET - Euro Area Inflation Rate MoM Expectation: 0.30% Recommendation: Buy EUR/GBP Thursday, August 01, 2024 08:00 AM ET - UK Nationwide Housing Prices MoM Expectation: 0.4% increase vs. 0.1% market expectation Recommendation: Sell EUR/GBP 09:15 AM ET - Spain HCOB Manufacturing PMI Expectation: 53.30 points Recommendation: Buy EUR/GBP 09:45 AM ET - Italy HCOB Manufacturing PMI Expectation: 49.50 points Recommendation: Buy EUR/GBP 09:50 AM ET - France HCOB Manufacturing PMI Final Expectation: 48.80 points Recommendation: Sell EUR/GBP 09:55 AM ET - Germany HCOB Manufacturing PMI Final Expectation: 49.40 points Recommendation: Sell EUR/GBP 10:00 AM ET - Italy Unemployment Rate Expectation: 7.20% Recommendation: Sell EUR/GBP 10:30 AM ET - UK S&P Global Manufacturing PMI Final Expectation: 51.90 points Recommendation: Sell EUR/GBP 11:00 AM ET - Euro Area Unemployment Rate Expectation: 6.90% Recommendation: Sell EUR/GBP 01:00 PM ET - UK BoE Interest Rate Decision Expectation: 5.00% Recommendation: Sell EUR/GBP Friday, August 02, 2024 08:45 AM ET - France Industrial Production MoM Expectation: 0.90% Recommendation: Sell EUR/GBP 09:00 AM ET - Spain Unemployment Change Expectation: 10.00 Thousand Recommendation: Sell EUR/GBP 10:00 AM ET - Italy Industrial Production MoM Expectation: 0.30% Recommendation: Buy EUR/GBP 11:00 AM ET - Italy Retail Sales MoM Expectation: -0.60% Recommendation: Buy EUR/GBP
Long
by spacedevil
EURGBP The Target Is DOWN! SELL! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8428 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8418 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP Set To Fall! SELL! My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8444 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8419 My Stop Loss - 0.8462 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/GBP Forex Pair Analysis: Key Levels and Market Insights✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the EUR/GBP pair in the Forex market. 🗂 About the Pair: EUR/GBP represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic policies, political events, and market sentiment in the Eurozone and the United Kingdom. 📅Weekly Timeframe In this timeframe, EUR/GBP has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, EUR/GBP is at a support level of around 0.8383 after a correction phase. 📈 If EUR/GBP stabilizes above 0.8515, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.8759. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if EUR/GBP falls back into the range between 0.8383 and 0.8515, and stabilizes below 0.8383, it indicates a bearish trend continuation. The next critical support level would be around 0.8246. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅Daily Timeframe 🔍 On the daily chart, EUR/GBP ranged around the 0.8497 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.8437. 🧲 Given the current setup, a stabilization below 0.8437 could signal another bearish wave. On the flip side, if the price moves above 0.8497, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅4-Hour Timeframe 📈 In the 4-hour timeframe, EUR/GBP has pulled back to the SMA99 and reached the resistance at 0.8497. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 0.8497 and 0.8531, where price reactions could provide better entry points. For long positions, critical levels are 0.8437 and 0.8388. RSI Oscillator 💥 The RSI is currently ranging between 41.44 and 50.42 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
EURGBP FOREX PAIR 1H TIME FRAME DAT 7/26/2024 I am planning to increase my buy positions within 50% of the current range that has recently formed. I anticipate a potential breakout to the upside and a subsequent markup phase, making additional buys more sensible under the current conditions. Alternatively, if you prefer a swing trading approach, it may be prudent to wait for a more definitive sell signal. Short-term, we have entered a correction phase for EUR/GBP. Invalidation points are minor at this stage. The target for leg A is the point of control. Moving forward, we should monitor sentiment, fundamentals, and COT data to refine our strategy and gain a better edge
Long
by spacedevil
1
EURGBP FOREX PAIR 8H TIME FRAME DATE 7/26/2024"I have revised my bias on EUR/GBP from a short-term perspective. I am no longer anticipating bearish price action; instead, we are likely entering a correction phase with potential for upside movement. While this presents a trading opportunity, the delivery may be inconsistent, thus increasing the risk. Currently, accumulation is in play, and I have already entered the market with a bullish stance. Given the alignment of several factors, I plan to add more positions on lower cycles to improve the risk-to-reward ratio.
Long
by spacedevil
EURGBP: ITF CURVE ANALYSIS (1D) - DOWNTREND✨ EURGBP: ITF CURVE ANALYSIS (1D) ✨ (DOWNTREND) BLO2 @ 0.8390 - TRIGGERED BLO1 @ 0.8405 - TRIGGERED BSO @ 0.84864 ⏳ TP1 @ 0.86494 TP2 @ 0.89195 TP3 @ 0.90902 SLO1 @ 0.91376 ⏳ (DO NOT SET - ONLY SET PRICE ALERT) SLO2 @ 0.92314 ⏳ (DO NOT SET - ONLY SET PRICE ALERT) 🔑 BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT NOTE: Call me crazy, but after a bit of my personal analysis and checking the R:R (18:1) on this trade (which I labeled on the chart), many factors have made me willing to take the risk. Two of my orders have triggered and may play around these prices for a bit. You can watch again as I see how this plays out for me and we'll see what it returns. Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Long
by oktane
Bearish drop?EUUR/GBP is reacting off the pivot and could potentially reverse to the pullback support. Pivot: 0.84419 1st Support: 0.84164 1st Resistance: 0.84589 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.
Short
by ICmarkets
7 Dimension Sell Idea For EURGBPCore Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bearish with proper BOS after taking inducement and marking valid low. The price completed its corrective swing move with 4 pullbacks and a proper internal bullish structure, mitigating the extreme POI OB and sweeping swing liquidity in the Premier zone. It also swept external swing liquidity, making this entry more interesting with the Whale scoop entry setup. Resistance: Supply area acts strong with a false breakout. Post-break buildup failed strongly, indicating that the price will go further down to form another low. 2: Pattern 🟢 CHART PATTERNS: Reversal: Rounding bearish patterns and consolidation rectangle bear side breakout. Shakeout reversal also at the same point. 🟢 CANDLE PATTERNS: Multiple long wick candles at the POI area, then breakout the range with a momentum strict engulfing pattern. 3: Volume 🟢 Shows very good volume at the resistance level, but this volume is unable to break the resistance, so we consider it an execution volume at the point. 4: Momentum RSI 🟢 Since the start of July, momentum has been in the bearish zone with multiple bearish range shifts and divergence, everything loudly indicating this is still in the bearish phase. 5: Volatility Bollinger Bands 🟢 Expansion has started just with momentum. Bearish headfake also indicates bearish volatility in this pair for now. 6: Strength: Showing weakness. 7: Sentiment: Everything is in bearish favor. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Bearish ☑️ Trend line breakout: Yes 💡 Decision: Sell 🚀 Entry: 0.8424 ✋ Stop Loss: 0.8436 🎯 Take Profit: 0.8363 😊 Risk to Reward Ratio: 5RR 🕛 Expected Duration: 3 Days SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
Short
by Optimum369