EURGBP: Bulls Will Push Higher
The price of EURGBP will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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GBPEUR trade ideas
Counter long on EUR/GBPLong on EUR/GBP with possitive RRR, risky ! Entry - about 0.85, TP - 0.854. Cmoon long !
DeGRAM | EURGBP rebound from supportEURGBP is moving in a descending channel between the trend lines.
The price has reached the support level, which was the reversal point last time.
We think that after the support is retested, the price will continue to grow within the channel.
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EURGBP Is Going Up! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.851.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.855 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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possibility of correction If the price can stabilize above the resistance range, the continuation of the upward trend will be likely.
Otherwise, a trend reversal will be formed and the beginning of a downward trend will be possible
EURGBP show ABCD PatternHere in this chart, we see a ABCD pattern. Price are hit the PRZ at point D. We predict the price if it cross the last LH and Take Buy trade with TPs and SLs.
EURGBP plankton s ideaTHE expert from our team , head and beard the ambitious plankton decides going long, and i never counter the good old plankton should you counter him?
EURGBP Buyers wait for 0.84000 AreaDear Traders,
EURGBP now in Falling Wedge , and i except price continue downward to 0.84000-0.84600 Area,
I Specified 2 boxes ,
1- BOX 1 : Normal Risk (Blue Box)
2- BOX 2 : very Low risk -Safe , (Red box)
TP 1 : 0.86500
TP 2 : 0.87500
TP 3 : 0.88800
SL : 0.83500
Dont forget like &Comment please !
Regards,
Alireza!
EURGBP Trading SignalDirection: Sell
Enter Price: 0.85133
Take Profit: 0.84910333
Stop Loss: 0.85137333
This signal is generated using the EASY Quantum Ai strategy.
Justification:
1. Technical Analysis: The current trend indicators suggest a bearish movement for the EURGBP pair. The price action has shown signs of resistance at the current Enter Price level of 0.85133, indicating potential for a downward movement.
2. Market Sentiment: Recent market sentiment analysis reflects a growing bearish outlook on the EURGBP exchange rate. This sentiment is supported by the current fundamental economic indicators and market volume trends.
3. Economic Factors: The recent economic releases from the Eurozone and the UK have influenced the market dynamics, favoring a sell position.
Based on these factors, it is advised to sell at the Enter Price of 0.85133, targeting the Take Profit at 0.84910333 and setting a Stop Loss at 0.85137333 to mitigate potential risks.
EURGBP Short Breakout TradeEURGBP Short Breakout Trade
1. Weekly Downtrend
2. Positive Swaps
3. Nice bearish momentum breaout candle
4. Structure LL-LH-LL-LH
5. Trend Following Indicator
6. BUY/SELL Indicator
7. Strong GBP Environment
8. 2% Risk, Nononsense Trade Management - VP THANKS!
9. 1,5 Daily ATR Stop Loss
10. 1 Daily ATR Take Profit and then Break-even
11. Exit on reverse candle/exit indicator signal/Break of Structure
EURGBP: Bulls Will Push
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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EURGBPThe current pattern forming on EURGBP is a bullish pattern. I am expecting EURGBP to make a move upward to take out the previous high before deciding to get to my tp level.
EURGBP HigherTrying EURGBP higher here.
rate differentials are near the highs while the pair is at the lows, the pair tried to move below the current range but didn't quite make it which i think is a good sign. We also have a hammer on the daily chart.
The narrative i think is shifting as well, EUR data is surprising to the upside and there's a chance of a hawkish ECB this week relative to expectations. Meanwhile the BoE is possibly turning dovish on a fall in UK inflation.
Not trading/investment advice, feedback welcome!
possibility of uptrend It is expected that the price will move according to the specified path and after the completion of the corrective pattern, the beginning of the upward trend will be formed.
If the price crosses the support range, the continuation of the downward trend or correction will be possible
EURGBP bullish ideaThe price is moving in a the channel. The fundamental are bullish. The Target is based on the Daily chart. SL might be a bit tight...
Good luck!
EUR GBP - Short IdeaLooks Like A Descending Triangle On 1h Tf. Will Trigger My Sell Stop / Entry On Break Of The Triangle.
Entry 0.85043
Stoploss 0.85169
Tp-1 0.84916
Tp-2 0.84792
