eurgbpit kinda made a bullish rectangular and just broke the last HH so i took instant entry and hoping it to go up
GBPEUR trade ideas
eurgbpEURGBP broke out of its falling wedge and tested this breakout at 0.8400. Its next target will be 0.8550.
EURGBPEUR/GBP represents the exchange rate between the euro (EUR) and the British pound (GBP), showing how many British pounds are needed to buy one euro. It reflects the economic relationship between the Eurozone and the United Kingdom.
The exchange rate is influenced by factors such as monetary policies of the European Central Bank (ECB) and the Bank of England (BoE), interest rate decisions, inflation, GDP growth, and Brexit-related developments. Political events and economic data releases in both regions can cause significant fluctuations.
EUR/GBP is a less volatile currency pair compared to others like EUR/USD or GBP/USD, as both currencies are relatively stable. Traders use it to analyze economic strength differences between the Eurozone and the UK.
EURGBP-SELL strategy 12 hourly chartYesterday's idea of a short-term up move did not happen, and indicators re turning south again. Overall the pair is overbought, and feel we will see a move back towards 0.8350.
Strategy SELL @ 0.8418-0.8440 and take profit near 0.8350.
EURGBP-BUY strategy 3 Hourly chartThe pair is overbought overall, but has some pressure removed. The 3 hourly chart stochastic suggests we may have a chance to re-test 0.8458 top of regression channel. Once reached we may be short again.
Strategy BUY 0.8425-0.8432 and take profit near 0.8460.
Long buddy!!!News came out and GBP weakened.
This adds confidence in my confluences that have been triggered.
1. Price action
2. divergence
3. Negative gbp news
My range for this trade is 60-75 pips within 15hours.
What are your thoughts on this pair?
Trade safely my friends
EURGBP, First Long and after that Get Ready for ShortHello Traders, Hope you are doing great.
for upcoming weeks, we'll probably see continuation of upward momentum and after that we'll probably find an opportunity to Sell at one of these specified zones. so with a proper trigger we can open a long at first and after that a short position.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
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THANKS.
EURGPB Wave Analysis 15 January 2025
- EURGPB reversed from multi-month resistance level 0.8445
- Likely to fall to support level 0.8380
EURGPB currency pair recently reversed down from the strong multi-month resistance level 0.8445, which has been steadily reversing the price from the start of September, as can be seen below.
The resistance level 0.8445 was further strengthened by the upper daily Bollinger Band and by the nearby 61.8% Fibonacci correction of the downtrend from the start of August.
Given the overbought daily Stochastic, EURGPB currency pair can be expected to fall to the next support level 0.8380.
EURGBP is bullish trendafter breaking the marked resistance price, new HHs & HLs, and currently the price is marking its later and there is also a bearish divergence which is also pushing the price downwards. In such scenarios, Fibonacci levels play an important role and with the help of that, we can make our entry better with more RR. One can buy either at .5 or.618 Fib point SL is also mentioned. Instant buy is also another option but in all cases SL will remain same
Downtrend It is expected that a trend change will occur in the current resistance range and we will witness the beginning of a downward trend. Otherwise, the upward trend will continue to the 61.8% level
Swing Long for EURGBPEntry: 0.8283
TP1: 0.862
TP2: 0.876
TP3: 0.8975
SL: 0.812
Expecting the Euro to rebound hard these next few years.
EUR-GBP Risky Short! Sell!
Hello,Traders!
EUR-GBP keeps growing
And the pair is locally
Oversold so as the price
Is about to hit a horizontal
Resistance level of 0.8462
We will be expecting a
Local bearish correction
Sell!
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My system is giving me a long signal (could be a fakeout tho)My system is giving me a long signal.. if price hits my first target, i will move my stops to breakeven. Only risk max 2%
EURGBP: Market of Sellers
Looking at the chart of EURGBP right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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14-1 EURGBP:In the short term we expect the EUR/GBP course to remain around £ 0.8398. This means that the euro remains relatively stable compared to the pound.
- ** most important influences **:
- ** interest differences **: If the European Central Bank (ECB) increases its interest rates, this can strengthen the euro. At the same time, the interest rate policy of the Bank of England (BOE) remains a crucial factor.
- ** Inflation **: The recent developments in inflation figures in both the UK and the EU affect purchasing power and therefore on the exchange rate.
- ** Economic growth **: If the UK shows economic growth that is stronger than in the EU, this can support the pound.
In the long term (2025 and further) we provide a further weakening of the pound, with a EUR/GBP course that can rise to £ 0.848 in January 2025.
- ** most important influences **:
- ** Trade and Brexit effects **: The long-term consequences of the Brexit continue to play a role in the UK. Uncertainty in trade agreements can have a pressing effect on the pound.
- ** Political stability **: Possible political instability, such as elections or policy changes in the UK, can increase volatility.
- ** Sustainable growth and investments **: If the EU becomes more economically attractive for investors than the UK, the euro will perform stronger. Risks for GBP:
- Any recession or slower economic growth in the UK can further weaken the pound.
- Persistent inflation above the intended purpose of the Boe could put pressure on the British economy. We have inlaid a small buy with a buy series attached to it. The buy starts at 0.842.
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
EURGBP - BUYI have seen a divergent on W1, D1 and a clear falling wedge pattern on H4.
all these collided with the major support level @ 0.82511. However, the market may reach up to 0.82011 level, a liquidity grap area to stop out more SL before major shift in the trend direction.
my main bias for this pair EURGBP is to the up side only for the next coming months.
#RestandletthemarketworkforYOU!
EURGBPif the price in 15 m time frame closes above the ray line, consolidates and breaks out, there will be a good buy position.
EURGBPThe expected trajectory for the pair in the coming days suggests a likely continuation of the upward trend.
EURGBP Down to SupportEURGBP broke out of the bullish channel and I think it will go back to the previous support level
possibility of correctionThe uptrend is expected to continue to the resistance zone, then there is a possibility of a trend change and a correction.
EURGBPAB=CD reversal pattren bulish divergence price beark last LH and showing first HH and my entry at first HL anticipate at support level
BUY limit 0.82729
SL : 0.82238
TP: 0.83221
EURGBP Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8378
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8330
Safe Stop Loss - 0. 8403
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
