EURGBP EURGBP
Entry point :- 0.84608
Stop lose :- 0.83956
Risk :- 0.50%
Target 1 :- 0.8526
Target 2 :- 0.8591
GBPEUR trade ideas
EUR GBP- Long Set up1H Tf shows sign of reversal. Have my entry / buy at 0.84238 on pull back
Entry - 0.84238
Stoploss - 0.83973
TP-1 - 0.845
TP-2 - 0.84767
#Trading #Technical #Crypto #Stocks #commodities
EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
Completed " 12345 " Impulsive Waves
RSI - Divergence
Resistance Level
EURGBP Will Go Down From Resistance! Short!
Take a look at our analysis for EURGBP.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.843.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.836 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURGBP LongEUGBP price is expected to break the neckline and move upwards as there is bullish divergence
Market Analysis: EUR/GBP Poised For More LossesMarket Analysis: EUR/GBP Poised For More Losses
EUR/GBP is declining and trading below the 0.8410 support level.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is declining and showing bearish signs below 0.8460.
- There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair struggled to gain pace for a move above 0.8520. The Euro settled below 0.8490 and started a fresh decline against the British Pound.
There was a clear move below the 0.8470 pivot level. The EUR/GBP chart suggests that the pair settled below the 50-hour simple moving average and 0.8460. A low is formed near 0.8412 and the pair is now consolidating losses.
Immediate resistance is near the 50% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8435 and the 50-hour simple moving average.
The next major resistance could be near the 76.4% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8445. A close above the 0.8445 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8470. Any more gains might send the pair toward the 0.8490 level.
Immediate support sits near 0.8410. There is also a major declining channel forming with support at 0.8410. The next major support is near 0.8380. A downside break below the 0.8380 support might call for more downsides. In the stated case, the pair could drop toward the 0.8350 support level.
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Check the trend The price is expected to fluctuate within the current support range. Then, according to the behavior of the price in this range, it is expected that the trend will change and we will see the beginning of the upward trend.
If the price crosses the green support zone, the downward trend will continue
EURGBP: Ready for another bearish move?EURGBP: Ready for another bearish move?
We can see two different corrections on the EURGBP chart.
Lately it moved in very strange ways but it looks like is getting back to normality.
EURGBP is about to breakout from the second correction and the chances are that it can begin
a bearish movement as well.
The first support and target zone will be found near 0.8370 and 0.8330
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURGBP SHORTCompleting the EURGBP analysis
The remaining targets are expected to be completed as shown.
Maybe it go up again a little to area 0.84400/0.84800
EURGBP // LONG-TERM SHORTThis trade might take months and years. Long term target is at 0.72
Analysis:
The failure of the Eurozone could lead to significant instability and potential breaks in the euro currency, which would have far-reaching consequences for exchange rates, including the EUR/GBP pair. Here's how this might happen and why the EUR/GBP might fall again:
Economic Divergence: Significant economic divergence among member states can cause friction and weaken the economic cohesion of the Eurozone. Some countries might face severe recessions while others grow, leading to imbalances.
Political Tensions: Rising nationalism and anti-EU sentiments could lead to political instability. Member states might question their participation in the Eurozone, leading to uncertainty and weakening the euro.
EURGBP SWING LONGAnticipating a huge swing long for eurgbp due to a descending wedge pattern on the weekly chart. There is an extended move break to the downside and a stop loss hunt completed so i am expecting a strong move from here
EURGBP shorting ideaHello all
Price has broke the low on JUN 10th and made a new double bottom.
What I can see now is a retracement back to the discounted area to drop lower.
Now we have to carefully monitor price to make a LTF flip as a confirmation.
If price creates high above 0.84728. We might see a continuation to the up side.
But to be sure we need have a full body closure.
This pair has lots of spikes in previous movements.
SL & TP you can see from my image obviously, I won't make any details here.
Please trade on your own risk.
Good luck
EURGBP Bullish (1H Div, Double Bottom)EURGBP showing bullish momentum based on 1H divergence and double bottom reversal pattern. Entry is taken at CMP with SL at the previous LL and TP at 1:1 and 1:2. What do you think, will it work?
EURGBP is BullishA matured bullish divergence seems to be playing out, as price prints a higher high. Currently, according to Dow theory a higher low would be printed before bulls move the price to new highs. Targets are mentioned on the chart.
Counter trend EURGBPA quick bullish scalp in as much as the trend is bearish we have a reversal pattern an internal bullish sentiment and the trade can allow us a few percentages , Bullish daily candle has already confirmed for us that we can have a a quick 1:1 or 1:3
EURGBP Bank Money heist Plan in Bullish DirectionMy Dear Robbers / Traders,
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EURGBP Trading Signal: BuyAttention traders! Based on the latest analysis from our EASY Quantum Ai strategy, we have identified a promising trading opportunity for the EURGBP currency pair.
Direction: Buy
Enter Price: 0.84592
Take Profit: 0.84713333
Stop Loss: 0.84396333
Why this recommendation?
1. Economic Indicators: Recent economic data from the Eurozone has shown signs of improvement, with key indicators such as GDP growth and manufacturing output beating expectations. This suggests stronger economic fundamentals supporting the Euro.
2. Technical Analysis: The EURGBP pair has been showing a strong bullish trend with significant support levels being maintained. The current price action indicates a potential continuation of this upward movement, which aligns with our strategy.
3. Market Sentiment: Sentiment analysis reveals a positive outlook for the Euro against the Pound, partly driven by uncertainties around UK’s economic policies post-Brexit, making the Euro a more attractive option for investors.
Stay vigilant and monitor the market to ensure your trading strategy aligns with the latest market movements.
Happy Trading!
EURGBP LONGEURGBP LONG, chart has made 1h, 4h,divergence with a strong bounce from the weekly horizontal trendline, so now its time to long the eurgbp as the sentiments also 96% long .
EURGBP Buy signalPrice has made a consolidation phase, and then try to break the support to make a continuation, but failed. It means that the market will potentially go to the opposite direction.
Now, price has break the resistance, and has done a retest.
Potential buy position at 1:2 RR.
Enjoy it..
EURGBP15-Minute Chart with Autobot Trading Signal Chart Overview: The chart displays the price movement of the Euro against the British Pound (EUR/GBP) on a 15-minute timeframe.
• Indicators Used:
• Autobot Trading Signal Generator: This indicator is highlighted at the top left of the chart.
• Pro Signal by Autobot: Another indicator is highlighted next to the first one, also at the top left of the chart.
• Price Movements: The candlesticks represent the price changes in the EUR/GBP pair over each 15-minute interval. Green candles indicate price increases, while red candles indicate price decreases.
• Trading Signals:
• Buy Signals: Green labels marked “Buy” appear at various points where the indicators suggest buying opportunities.
• Sell Signals: Red labels marked “Sell” indicate selling opportunities as suggested by the indicators.
• Trend Line: A blue line represents the moving average, indicating the overall trend direction over the selected period.
• Text Highlight: A message in the middle of the chart states, “These 2 Indicators combine is MONEY,” suggesting that the combination of the two indicators is highly profitable.
EurGbp could drop hard and test 0.8From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD).
This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP.
As shown in the chart, the pair broke a major support level this week. Considering the descending triangle pattern that has contained EUR/GBP since late January, we could see an acceleration to the downside, potentially leading to a 400-pip drop to test the 0.80 psychological support.
My strategy is to sell on rallies.
change the trend The downtrend is expected to oscillate in the current support range and then a reversal is formed.
Then the upward trend will be possible up to the indicated resistance levels
EURGBP-BUY strategy Daily chartThe pair is oversold, and we should expect pull back from here. Stochastic is low, and RSI shows clearly oversold status.
Strategy BUY @ 0.8425-0.8430 and take profit @ 0.8685 initially. SL maybe below 0.8375.
