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GBPEUR trade ideas

EURGBP BUYS#eurgbp Pair is in descending channel for the last two months. EURGBP fails to break the channel either on both sides. Price has hit three to four times channel top and bottom and good reversal can be seen on chart. Again this time price is very close to the bottom vertical support of channel where chances are higher bull active again and push the price towards the Vertical resistance of descending channel. Last time on touch three I was bullish but price remains very short period of time as bullish then drop towards the channel bottom. Price behaviour is very tricky before trade check proper price action.
Long
by mannyman1
EURGBP H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8412, which is a pullback resistance and a 61.8% Fibonacci retracement. Our take profit will be at 0.8401, a pullback support level. The stop loss will be at 0.8426, an overlap resistance level, above 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2
EURGBP FOREX PAIR 2H TIME FRAME DATE 7/24/2024As discussed over the weekend, I maintain a bearish bias on EUR/GBP, driven by both fundamental and technical analyses that point towards a continuation of downward momentum. This sentiment is bolstered by the prevailing strength observed in the Pound. The established trading framework remains robust, with multiple confirmatory signals already validated. Entry models are converging with our expectations, prompting active pursuit of potential breakout opportunities. This setup is construed as a 'risk-off' play, offering compelling upside potential."
Short
by spacedevil
EURGBP Start taking profits now! If you are in this trade on the 1 hour demand zone then I would start taking profits and keep a close eye on this one! Here are the MAIN 2 reasons! 1. The 4-hour chart is in a downtrend on your TrendCloud (shown by the red candle and black cross) Momentum filter is also down with a bearish divergence signal. 2. The 1-hour chart is in a downtrend and CCI is still showing strength to the downside. There is NO WAY to tell how much of a reaction this demand zone will produce. So if you're in it then start taking profits. And if you're waiting for an entry then start looking for your supply zones on the 15-minute chart.
by thechrisjuliano
WEEKLY FALLING WEDGE EURGBP-61.8% Target With Wicks to MSShape and Structure: The falling wedge is a converging pattern where both the upper and lower trendlines slope downwards. The upper trendline, which acts as resistance, is steeper than the lower trendline, which acts as support. The price action within the wedge shows lower highs and lower lows. Volume: Volume tends to decrease as the pattern develops, reflecting a reduction in trading activity. A spike in volume often accompanies the breakout, confirming the pattern. Trend: The falling wedge can appear in two scenarios: within an overall uptrend (as a continuation pattern) or within a downtrend (as a reversal pattern). When it appears in an uptrend, it usually indicates a pause before the price continues to rise. When it appears in a downtrend, it suggests a potential reversal to an upward trend. Interpretation and Trading Strategy Formation: The falling wedge forms over a period during which prices make a series of lower highs and lower lows. The pattern is considered complete when the price breaks above the upper trendline. Breakout: Traders often look for a breakout above the upper trendline to confirm the pattern. The breakout is ideally accompanied by increased volume, adding strength to the signal. Entry Point: A common entry point is when the price closes above the upper trendline after the breakout. Stop-Loss Placement: Traders usually place a stop-loss order below the most recent low within the wedge to manage risk. Price Target: The price target is often estimated by measuring the height of the wedge at its widest point and projecting that distance upwards from the breakout point.
Long
by BenjaminFib
Trade 0004 -EUR/GBP Short Setup: Targeting Lows Good morning, Traders, As we begin a new week, the EUR/GBP pair appears to be setting up for a short position. This will be trade number 4 in my journey towards completing 1,000 trades. On the daily and weekly Timeframe, the pair is forming clear lower lows and lower highs. Currently, we are observing a potential drop from 0.84250, with our target set at the recent lows. This trade offers a risk-to-reward ratio of 3.83, making it a worthwhile opportunity. This setup involves a straightforward break and retest entry. While I have some hesitation around the 0.84200 level, I still expect the price to decline based on the higher timeframe market structure. Best regards, Renaldo Philander
Short
by Tradebudz
2