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GBPEUR trade ideas

Monthly CLS range is playing out, targeting 50%. Model 1Monthly CLS range is playing out, targeting 50%. Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by David_Perk
4
EURGBP Wave Analysis 2 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8325 EURGBP currency pair today reversed up from the support zone located between the strong support level 0.8265 (which has been revering the pair from the start of November) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier impulse waves iii and (iii) –which belong to the downward impulse sequence 1 from August. Given the strength of the support level 0.8265 and the triple bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise to the next resistance level 0.8325.
Long
by FxProGlobal
EUR/GBP Day Trading Analysis With Volume ProfileOn EUR/GBP , it's nice to see a strong sell-off from the price of 0.83150 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
1
Buy OpportunityTrade Signal: Trade Type: Long (Buy) Entry Point: Around 0.82770 (current price) Target: 0.83823 (primary target) Stop Loss: 0.82552 (below immediate support) Risk-Reward Ratio: Approximately 1:3 (favorable based on the chart setup). Analysis: Current Price: 0.82770 (as per the chart). Support Levels: Immediate: 0.82552 Next: 0.82300 (not shown but likely a psychological level). Resistance Levels: Nearest: 0.83198 Next: 0.83816 Potential Upside: The chart indicates a potential rise towards 0.83823, representing a 1.27% gain over the next 10 days. Momentum: The SQZMOM_LB indicator is still in negative (red) territory but might be bottoming out, indicating a potential shift to bullish momentum soon.
Long
by GODOCM
1
Market Analysis: EUR/GBP Faces PressureMarket Analysis: EUR/GBP Faces Pressure EUR/GBP declined steadily below the 0.8340 and 0.8330 support levels. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8330 pivot level. - There is a connecting bearish trend line forming with resistance near 0.8305 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh decline from well above 0.8350. The Euro traded below the 0.8320 and 0.8320 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8300 level and tested 0.8290. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near the 23.6% Fib retracement level of the downward move from the 0.8364 swing high to the 0.8289 low. There is also a connecting bearish trend line forming with resistance near 0.8305. The next major resistance could be 0.8330. It coincides with the 50% Fib retracement level of the downward move from the 0.8364 swing high to the 0.8289 low. The main resistance is near the 0.8340 zone. A close above the 0.8340 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8365. Any more gains might send the pair toward the 0.8400 level. Immediate support sits near 0.8290. The next major support is near 0.8265. A downside break below the 0.8265 support might call for more downsides. In the stated case, the pair could drop toward the 0.8240 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR/GBP Weekly Analysis"On Monthly: Last month November, it makde a Bearish Engulfing Candle and break through S. 0.83400 & 0.82900 and it's going toward Monthly lower trendline and ultimately, to S. 0.81300 historical number. Eventhough EMA 200 is below the price, the 50 and 20 are chasing the price down. -- On Weekly: The Bearish move is strong and continues. All Three EMA, 200, 50 and 20 are above the price. It's going down to touch past 52 Weeks Low after S. 0.82900. --On Daily: It doesn't give much more data than what we know from Monthly and Weekly. All three EMA 200, 50, and 20 are above the price. Price moving toward 0.82900 Historical Support. -- On Hourly: Price is moving down below all three EMAs. It confirms the significant of 0.82900 Historical support as well as 52 Weeks Low (Yellow dotted line). The potential Bearish entry would be 0.83100, if it comes up and touch and get rejectedon the lower time frame."
by Ha-Lion
Bearish drop?EUR/GBP is reacting off the support level which is a pullback support and could drop from this level to our take profit. Entry: 0.8308 Why we like it: There is a pullback support level. Stop loss: 0.8338 Why we like it: There is an overlap resistance level. Take profit: 0.8260 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
EURGBP - HTF looks good for short. we closed November with volume in favor of sellers and below POC. Friday's candle can be considered as a good impulse candle, meaning we can look to go short on EG when price pulls back to Friday's VA. and then if the volume holds, we can keep it going till S1. Origin - looks good for shorts. price just needs to pull up to last week's VA which aligns with HTF. price might take a couple of days to settle down but this looks good to initiate short position.
Short
by Osiris992