EURGBP BBMA Strategy
BASED ON ZZL
TF2 sell rejectEMA50 - (Reentry sell Day) MA High (4pips)
TP Ma Low H4 - ADR
SL EMA89
GBPEUR trade ideas
EURGBP LONGPattern inside a pattern(descending channel inside a descending channel) shows a potential bullish reversal.
EURGBP BUY ,THEN SELLEURGBP technically has break the Resistance level which now become a new SUPPORT. Target TP at the possible SELL ZONE in which we can see a FRESH BASE. For price to move further down, it has to break the new SUPPORT.
EURGBPThe pair has broken the market structure amidst a major divergence in momentum. 0.85000 level is the next favorable level for price to rally to short term. Take long position as shown in the image.
EURGBP-Bullish reversalThe pair is bullish and have formed HL and is on way to break its previous HH. After this confirmation entry can be taken at break of this with SL below the previous HL. Bullish divergence on RSI is showing the trend is in reversal and may continue.
EURGBP is approaching a significant resistanceHey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.84900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84900 support and resistance area.
Trade safe, Joe.
Short trade
11th June 24
7.00am
London Session
Structure - Day TF
Entry - 1Hr TF
Entry 0.84239
Profit level 0.83423 (0.96%)
Stop level 0.84597 (0.43%)
RR 2.33
Sell side
EURGBP - Basic Fibo Retracement Basic fibo reversal trades based on 2 entries, one from 0.5 level and one from 0.618
Closing the Gap on EUR/GBPIn this trading setup, I aim to capitalize on the potential for closing the price gap on the EUR/GBP pair by using key pivot points and support/resistance levels. Here's the plan:
Buy Limit at Pivot Point (PP):
Entry: Buy at the Pivot Point (PP).
Take Profit: 0.84630
Take Profit 2: 0.84890
This trade aims to capture the bounce off the PP and the move up to R1.
Buy Limit at Support 1 (S1):
Entry: Buy at Support 1 (S1).
Take Profit 1: 0.84380 (Pivot)
This trade aims to capture a deeper retracement to S1, expecting a reversal up to PP.
Sell Limit at Resistance 2 (R2):
Entry:0.84890 (R2).
Take Profit: 0.84630 (R1)
This trade anticipates a rejection from R2, capitalizing on a potential downward move from this resistance level.
This strategy leverages key technical levels to position for potential market movements, aiming to close the price gap and capture gains from both upward and downward price actions.
EURGBP Exit Areas (Longs To Shorts)Key Tech areas have been hit and are providing longside impetus.
Following this movement, alike other EUR pairs we are looking long on dips.
Riding entries until key exit zone labelled (resistance).
Sentiment case suits on correlation between EUR and GBP historically.
EURGBP to find sellers at market?EURGBP - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.8455.
We look to Sell at 0.8455 (stop at 0.8473)
Our profit targets will be 0.8410 and 0.8400
Resistance: 0.8455 / 0.8470 / 0.8485
Support: 0.8425 / 0.8410 / 0.8395
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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eurgbp showing weakness or continuationI've had to put this on a 2w chart to show the range, price is stalling at the top of the range ( maybe considered as consolidation), it either breaks to the upside, but my bias on this is short, this will take time but should give ample opportunity. Levels in green are potential ltf profit points but eventually i'd like to see price below the consolidation around 84 level
An ideal trigger would be a sell off from the NFP
Forextraplaces - the week ahead - EUR/GBPIt's a well know market phenomenon that gaps in the market are inevitably always filled.
The market hates gaps.
No-one seems to know why but its simply a fact.
When the markets opened last Sunday (UK time) EUR gapped open across many pairs.
EUR/USD 25 pip gap - filled.
EUR/JPY 28 pip gap - filled.
EUR/CAD 26 pip gap - filled
EUR/CHF - no gap
EUR/AUD 37 pip NOT filled.
EUR/NZD 42 pip gap NOT filled.
These last 2 trading pairs have been in a steep decline since the end of April and show no signs of reversing so the gaps in these markets may not bve filled for some time but EUR/GBP is the pair to look at.
I expected this gap to have been filled last week particulalrly as GBP was largely BEARISH but this did not happen.
I expect that this gap WILL be filled this week.
Key is .8842.
If we see the price of EUR/GBP break .8842 (where I have a SELL STOP) , I expect the price to close the gap and then reverse sharply.
This will need to be done before Friday as the EURO PMI numbers will most likely set the direction of the EUR and these are due on Friday.
So look to get LONG on this pair and see if the gap is filled but be mindful that the overall picture for is pair is BEARISH.
Short trade
Reason for Entry:
News Driver
Reuters
GBP/EUR has risen nearly 2.5 cents
to a 22-month high since
plumbing a 1.1600 low
immediately after the
BoE's dovish hold on May 9.
11th June 24
5.00am
4Hr TF
Sell side
Entry 0.84424
Profit level 0.84079 (0.41%)
Stop level 0.84710 (0.34)
RR 1.21
change the trend It is expected that the price will stabilize above the Fibonacci levels and then we will witness the start of an uptrend
Trading Signal for EUR/GBP - Direction: BuyWe are issuing a trading signal for the EUR/GBP currency pair based on our analysis using the EASY Quantum Ai strategy.
Signal Details:
Enter Price: 0.84332
Take Profit: 0.84502
Stop Loss: 0.84068
Justification for Buy Signal:
Our EASY Quantum Ai strategy has identified multiple factors suggesting a bullish trend for the EUR/GBP pair.
1. Technical Indicators:
- Moving Averages: The short-term moving average has crossed above the long-term moving average, indicating a strong buy signal.
- Relative Strength Index (RSI): The RSI is currently in the neutral zone but trending upwards, suggesting increased buying pressure without reaching overbought territory.
- Support and Resistance Levels: The current enter price of 0.84332 has bounced off a strong support level, adding to the bullish sentiment.
2. Economic Factors:
- Eurozone Economic Data: Recent economic data from the Eurozone has shown a surprising growth in key sectors, enhancing the demand for the Euro.
- Brexit Uncertainty: Continued uncertainty surrounding Brexit negotiations has weighed on the Pound, making the Euro more attractive.
3. Market Sentiment:
- Institutional Buying: There has been an uptick in institutional buying activities in the EUR/GBP market, signifying confidence in the pair's upward potential.
This comprehensive analysis, validated by our EASY Quantum Ai strategy, leads us to recommend a buy position at the enter price of 0.84332. The take profit level is set at 0.84502, and the stop loss is positioned at 0.84068 to prudently manage risk.
Happy Trading!
EURGBPWe looking for buying opportunities as we have broken outside the bearish wedge resulting in buys-1H TIMEFRAME
EURGBPprice will eventually fill the gap, thus... there can be an opportunity to enter should the price at least come back to the qml. should it not come back I guess its a miss
Bullish divergence in EURGBP pairA bullish divergence is observed in EURGBP pair in an hourly timeframe. The new bullish trend is confirmed with the formation of new HHs and HLs and the breaking of the previous LH and LL. It is a potentially good point to take long positions.
EUR/GBP BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are now examining the EUR/GBP pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.849 level.
✅LIKE AND COMMENT MY IDEAS✅
EURGPB is bullish temporarily Now Eurgpb is in down trend but it reached to the extreme downside of the channel, its expected to rebound to the level (0.8470-0.8490).
In addition to this there’s a gap so it must go up to close the gap and then continues its downward direction.
On the upcoming days there high impact news on Euro so be careful.
ST Bullish Bias EURGBPBeginning to share new currency pairs
Not really motivated to explain, look at my analysis, use your own judgement and discretion, my analysis are only purposed to encourage your personal bias, best of luck.
Have your own TP
Have your own SL
You will become liquidity for making bad decisions.
DXY still strong overall.
