Eurgbp 27 Mar bullish idea updatePrice hit bottom again and we reloaded, trading TLB, price should be bullish from now, at least for the short term to lock in profit and ride the rest up.
Good luck
GBPEUR trade ideas
EURGBP, time to short ! price declined from a supply zone and made a made a clean break and retest on the structure zone, by looking at EMAs (21,50 and 200) we can clearly see that price has broke through them with a strong bearish candle, and currently price is trading below moving averages indicating a bearish control in the market, I expect price to continue down
EURGBP Analysis: Weak CPI Triggers Reaction from Order BlockWe can observe that the UK CPI y/y has dropped to 2.8% from 3.0%, signaling potential weakness in GBP. On the technical side, price is reacting from a key Order Block, failing to break further to the downside. While the overall trend remains bearish, this marks the third push downward—a classic signal for a possible reversal. If buyers step in, we could see a shift in momentum. Monitoring price action at this level is crucial for the next move.
EUR-GBP Bearish Breakout! Sell!
Hello,Traders!
EUR-GBP made a bearish
Breakout of key horizontal
Level of 0.8353 so we are
Bearish biased and after
A potential pullback we will
Be expecting a further
Bearish move down
Sell!
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EUR/GBP 4H | Sell Opportunity After Resistance Rejection The EUR/GBP pair has been in a downtrend, with lower highs and lower lows forming. Recently, price rejected a key resistance zone and is now continuing its bearish momentum.
🔎 Key Observations:
✅ Resistance Levels: 0.83598 - 0.83910 acted as a strong rejection zone.
✅ Sell Confirmation: Price has broken below minor support and is now moving downward.
✅ Bearish Expectation: The next major support target is 0.82618.
📌 Trading Plan:
🔻 Sell on pullbacks near resistance levels (0.83598 - 0.83676).
🔻 Target: 0.82618 as the next key support.
🔻 Stop-loss: Above 0.83827 to minimize risk.
🚨 Risk Management Tip: Always maintain a good risk-reward ratio and wait for confirmations.
💬 What’s your take on this setup? Are you looking to sell or waiting for a better entry?
EURGBP XABCD correction is done now ready for long Bull runEURGBP had pullback correction around 50% and now will target to next resistance at 0.845.
EURGBP - BEARISH MOVEHello Traders !
On Tuesday 11 March, The EURGBP reached the resistance level (0.84480 - 0.84322).
The price broke the support level (0.83732 - 0.83840).
This key level becomes new resistance !
So, I predict a bearish move📉
____________
TARGET: 0.83080🎯
EURGBP: Growth & Bullish Forecast
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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Euro / British Pound - 30 - OANDAThis chart represents the **Euro (EUR) / British Pound (GBP) currency pair on a 30-minute timeframe**, published on **TradingView**. It highlights a key **support area** and a potential **long (buy) trade setup**.
### **Key Elements in the Chart:**
1. **Support Area (Highlighted in Black Box)**
- This region (~0.8345 - 0.8355) is marked as a key support zone where price has historically bounced.
- Buyers are expected to enter at this level to push the price higher.
2. **Trade Setup:**
- **Entry Zone:** Near the support area (~0.8355).
- **Stop-Loss (SL):** Placed at **0.83510**, slightly below the support area, to limit downside risk.
- **Take-Profit (Target):** Set at **0.8400**, where the price is expected to rise.
- **Risk-to-Reward Ratio:** The trade aims for a favorable upside while keeping risk minimized.
3. **Background Colors & Highlights:**
- Yellow background for the overall chart.
- Green zone (above entry) represents the potential profit target.
- Orange/red zone (below entry) represents the stop-loss level.
### **Possible Market Scenario:**
- If price **holds above the support area**, a bullish move toward the **0.8400 target** is expected.
- If price **breaks below the support area**, the trade may be invalidated, leading to a stop-loss trigger.
This chart suggests a **bullish bias** based on support holding. Let me know if you need further insights! 🚀📈
EUR/GBP (1H) Symmetrical Triangle Breakdown – Trade SetupThe EUR/GBP 1-hour chart presents a symmetrical triangle formation that has now broken to the downside, signaling a bearish continuation. This pattern is widely recognized in technical analysis and often acts as a continuation or reversal pattern, depending on the breakout direction. In this case, the price has breached the lower support boundary, indicating that sellers have taken control of the market.
In this detailed analysis, we will explore the chart structure, key technical levels, potential trade setups, and risk management strategies to navigate this move efficiently.
1️⃣ Understanding the Symmetrical Triangle Formation
A symmetrical triangle occurs when price action creates lower highs and higher lows, forming two converging trendlines. This reflects a period of market indecision, where buyers and sellers are evenly matched until a breakout occurs.
📌 Key characteristics of this triangle:
✅ Converging Trendlines – Representing lower highs and higher lows, suggesting market compression.
✅ Price Consolidation – The pair traded within this structure, awaiting a catalyst for breakout.
✅ Breakout Direction – A breakdown from the support level confirms a bearish move.
Pattern Psychology:
A symmetrical triangle often precedes a significant price move. Traders and investors monitor the breakout direction to determine the next trend. Here, the breakdown below the lower boundary signals a continuation of the prevailing bearish trend.
2️⃣ Key Levels & Chart Structure
🔹 Resistance Zone (Upper Boundary) – 0.84227
The upper trendline acted as a strong resistance level, preventing price from breaking higher multiple times.
The yellow-highlighted area represents a supply zone, where selling pressure was dominant.
Price attempted to break above this region but failed, confirming bearish dominance.
🔹 Support Level (Lower Boundary) – 0.83500
The lower boundary of the triangle previously held as support, where buyers attempted to push the price higher.
However, once price broke below this support, it confirmed a bearish trend continuation.
The blue horizontal support line represents a potential retest area, where sellers may step in again.
🔹 Breakout Confirmation & Price Action
The chart clearly shows a bearish breakout, as price broke through the lower trendline.
Retest Probability: Many breakouts experience a pullback to the broken support (now resistance) before resuming the downtrend.
The dashed black lines illustrate the expected bearish move, with a potential decline towards 0.82815.
3️⃣ Trading Plan & Entry Strategy
Based on this setup, traders can capitalize on the bearish move using a structured trading plan:
📌 Bearish Trading Setup (Short Position)
✔ Entry Strategy:
Traders can enter a short position either immediately after the breakout or after a retest of the broken support at 0.83500 - 0.83700.
The ideal confirmation would be bearish candlestick patterns, such as an engulfing candle or pin bar rejection on the retest.
✔ Stop-Loss Placement:
To mitigate risk, a stop-loss should be placed above the previous resistance level (0.84227).
This ensures protection against fake breakouts or sudden reversals.
✔ Target Price (Take Profit Level):
The measured move of a symmetrical triangle breakout is typically equal to the height of the triangle.
Based on this projection, the expected target is around 0.82815, a significant support level.
Traders may also scale out at intermediate levels (0.83000) to lock in profits.
✔ Risk-Reward Ratio (RRR):
A well-structured trade here presents an attractive RRR of approximately 1:3, meaning the potential reward is three times the risk.
A higher RRR enhances the probability of profitability over multiple trades.
4️⃣ Market Context & Fundamental Analysis
🔍 Why Is EUR/GBP Dropping?
While technical patterns are valuable, traders must also consider fundamental factors that drive currency pairs.
🟢 Possible Bearish Catalysts for EUR/GBP:
GBP Strength: If the British Pound (GBP) strengthens due to strong economic data or hawkish Bank of England (BoE) policy, EUR/GBP may continue declining.
EUR Weakness: The Euro (EUR) may be under pressure due to weak GDP growth, higher inflation, or dovish European Central Bank (ECB) statements.
Geopolitical Events: Any negative news impacting the Eurozone (e.g., political instability) could trigger further selling pressure on EUR/GBP.
5️⃣ Risk Management & Alternative Scenarios
While the current outlook favors a bearish move, traders must remain prepared for alternative scenarios.
⚠ Alternative Scenarios: 📌 False Breakdown:
If price closes back above the support level (0.83500 - 0.83700), it could indicate a failed breakout, potentially leading to a bullish reversal.
In this case, a breakout above 0.84227 would invalidate the bearish setup.
📌 Sideways Consolidation:
If the price stalls around 0.83300 - 0.83500, the market may range before the next move.
Traders should wait for clear confirmation before entering new trades.
6️⃣ Summary & Key Takeaways
✅ Pattern Identified: Symmetrical Triangle Breakout (Bearish).
✅ Breakout Direction: Price has broken below support, confirming a downtrend.
✅ Trade Setup:
Sell below 0.83500 (or on retest at 0.83700).
Stop Loss: Above 0.84227 (previous resistance).
Take Profit: Targeting 0.82815 based on the pattern’s measured move.
✅ Risk-Reward: Favorable, offering 1:3 or higher RRR.
✅ Fundamental Drivers: GBP strength or EUR weakness could accelerate the downtrend.
📢 Final Thoughts
This symmetrical triangle breakdown offers a high-probability trading opportunity for short sellers, with a clear technical structure supporting the bearish move. However, traders should remain cautious of false breakouts and adjust stop-loss levels accordingly.
For best results:
✔ Wait for price action confirmation (retest rejection or bearish candle formations).
✔ Follow proper risk management (stop-loss placement and profit-taking levels).
✔ Monitor key economic events impacting EUR and GBP movements.
By combining technical analysis, fundamental insights, and sound risk management, traders can enhance their profitability and navigate the markets with confidence. 🚀📉
Why eurgbp will sell this newyork session!!In my analysis, we are observing signs of weakness in the Euro, as indicated by recent candlestick formations that reflect a notable lack of buying pressure. This behavior appears to be aligning with key Fibonacci retracement levels, suggesting a potential transition towards lower price levels. I anticipate that in the pre-New York session, we may witness a temporary fake-out before a subsequent downward movement. Traders should exercise caution and consider these factors in their decision-making process
Follow me for more breakdown!!
EURGBP SELLTracking EUR/GBP on the 15-minute timeframe, we see a potential short opportunity from a key supply zone.
Key Zones & Setup:
🟣 Bearish Order Block (Supply Zone): 0.83800 - 0.83830
This area acted as strong resistance, where institutional traders likely positioned sell orders.
Expecting price to push into this zone before reversing lower.
Break of Structure (BOS) on lower timeframes (M5/M1) is needed for confirmation.
🔵 Target Area (Demand Zone): 0.83450
If the supply zone holds, price could drop toward this key demand level.
This zone aligns with previous BOS levels and price reactions.
Trade Plan:
📈 Waiting for price to push into the supply zone (0.83800 - 0.83830).
🔎 Looking for BOS on lower timeframes (M5/M1) before shorting.
✅ Entering a sell position upon confirmation.
🎯 Targeting the 0.83450 demand zone.
⚠️ Stop-loss above 0.83830 to manage risk.
Market Outlook:
If price fails to break structure, we avoid shorts and reassess.
This setup follows smart money concepts (SMC) with a focus on BOS and order blocks.
💬 What do you think? Are you seeing the same setup? 🚀🔥
DeGRAM | EURGBP retest of supportEURGBP is in a descending channel between trend lines.
The price is moving from the lower boundary of the channel and now has fallen back to the support level.
The volatility of the chart has decreased.
On the 1H Timeframe, the indicators have formed a bullish convergence, which has not yet worked out.
We expect a rebound from the support.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Eurgbp 24 Mar 2025Nice risk reward ratio, pending price to close above resistant line to confirm and spike higher
Good luck
Eur/Gbp LongWait for price to pull back to support before entering longs. Lower support area is good for entering longs too.
First position can be taken at 0.83200 and second at 0.82240
SL under major lows
TP at 0.86000
This is not a investment advice only idea. I am retailtrader without any education in economics. I trade my own money only. As always make your own analysis first.
EURGBP 24.03.2025~+ Germany Services PMI Miss, UK Services PMI Beat (mixed with good Mfg PMI and good FR data)
+ Bearish eur COT
+ Seasonality
EURGBP INTRADAY sideways consolidation capped at 0.8420The EUR/GBP pair continues to exhibit bearish sentiment, reinforced by the prevailing downtrend. The key intraday resistance level is at 0.8420, marking the current swing high.
Bearish Scenario:
An oversold rally from current levels, followed by a bearish rejection at 0.8420, would likely target downside support at 0.8353. A break below this level would open the door for further declines toward 0.8335 and 0.8300 in the longer timeframe.
Bullish Scenario:
Alternatively, a confirmed breakout above the 0.8420 resistance, accompanied by a daily close above this level, would invalidate the bearish outlook. This would pave the way for further rallies, with the next resistance levels at 0.8450 and 0.8490.
Conclusion:
The prevailing sentiment remains bearish as long as 0.8420 holds as resistance. Traders should watch for rejection at this level to confirm downside momentum. Conversely, a decisive breakout above 0.8420 would signal a potential shift to a bullish bias, targeting higher resistance levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EUR/GBP Chart Analysis – Inverse Head & Shoulders Bullish SetupThis EUR/GBP 1-hour chart showcases a classic Inverse Head & Shoulders (H&S) pattern, signaling a potential trend reversal from bearish to bullish. This pattern is considered one of the most reliable technical formations for spotting upcoming upward momentum, particularly after a prolonged downtrend.
🔎 Market Overview
Currency Pair: EUR/GBP
Timeframe: 1-Hour (H1)
Current Price: 0.83720
Trend: Transitioning from a downtrend to a potential bullish breakout
Key Pattern: Inverse Head & Shoulders
Trading Bias: Bullish (Pending breakout confirmation)
📊 Chart Breakdown & Technical Analysis
1️⃣ Market Structure & Trend Analysis
Before the formation of the Inverse Head & Shoulders, the market was in a strong downtrend, making lower highs and lower lows. However, buyers started stepping in near the 0.8350 level, preventing further decline. This rejection at key support has set the stage for a potential trend reversal.
Left Shoulder: Price formed a minor low around 0.8370, followed by a small bounce.
Head: Price made a deeper low around 0.8351, confirming strong support and buyer interest.
Right Shoulder: Price attempted another dip but failed to break below the previous low, forming a higher low near 0.8370, signaling increasing bullish pressure.
Neckline Resistance: 0.8385 - 0.8390 zone – a crucial level that price needs to break for confirmation of an uptrend.
2️⃣ Key Support & Resistance Levels
Support Level: 0.83513 (Major demand zone)
Resistance Levels:
Neckline: 0.8385 - 0.8390 (Breakout confirmation zone)
Major Resistance: 0.84308 (Target level)
Curve Zone: A dynamic resistance trendline that has been containing price action. A breakout above this curve signals a potential shift in trend.
📈 Trading Strategy – Bullish Breakout Plan
✅ Entry Strategy:
A long trade should be considered only after a confirmed breakout above the neckline (0.8385 - 0.8390). The confirmation comes when:
A strong bullish candle closes above the neckline.
Increased trading volume supports the breakout.
A possible retest of the neckline as new support (0.8385) before continuation.
🎯 Target Price & Stop Loss:
Take Profit (TP): 0.84308 (Projected move based on pattern size).
Stop Loss (SL): Below 0.83513 (Right Shoulder low).
Risk-to-Reward Ratio (RRR): 1:2 or higher, making this a high-probability trade setup.
🛑 Risk Management & Trade Confirmation:
Volume Confirmation: A breakout should be accompanied by a volume spike, confirming strong buyer interest.
Fakeout Warning: If price briefly breaks above the neckline but then falls back below, it could be a false breakout. In this case, waiting for a retest would be a safer approach.
Trailing Stop: Once price moves toward 0.8410, a trailing stop can help secure profits in case of market reversals.
🧐 Summary – Key Takeaways
✅ Inverse Head & Shoulders Identified – A reliable bullish reversal pattern.
✅ Breakout Zone: 0.8385 - 0.8390 (Watch for confirmation).
✅ Target Price: 0.84308 (Potential profit zone).
✅ Stop Loss: Below 0.83513 (Protect against downside risk).
✅ Risk-to-Reward Ratio: Favorable (1:2 or better).
✅ Trading Plan: Buy above the neckline, aim for 0.8430, and manage risk properly.
📌 Final Thought: If the neckline is broken with strong momentum, expect a bullish move toward 0.8430+. However, traders should remain cautious of potential fakeouts and manage risk accordingly.
📢 Share your thoughts in the comments! Are you bullish on EUR/GBP? 🚀📊
#EURGBP #ForexTrading #TechnicalAnalysis #TradingSetup #InverseHeadAndShoulders
EUR/GBP - Precision in ChaosPrice action may be wild, but structure is structure—no noise, just levels. The 4H major LH is broken, giving a clear bullish outlook. Liquidity hasn’t been taken yet, nor has order flow fully played out, so the setup is still in motion.
Dropping to the 30M, I spotted a clean OB mitigation, confirming continuation potential. Now, it’s all about execution—on the 5M, I’m waiting for a CHoCH sweep and retrace for my entry. Simple, clean, and calculated.
For clarity, I’ll be showing the 15M chart, and I’ll be posting updates throughout the week to track how the markets play out. Stay tuned—blessings and precision trading ahead.
Bless Trading!
EURGBP - Sell SetupLooking to go short. Waiting for slight pullback to upside to then sell.
Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups
Trade Safe - Trade Well.
~Michael Harding CEO at LEFTURN
eurgbp|foxforexEURGBP is in an important support area within the falling trend channel. If it moves downwards, its first target is 0.82000, then 0.80500. If it moves upwards, its first target is the 0.84600 resistance.
EUR/GBP - Double Bottom Reversal Setup | Trendline BreakoutThis EUR/GBP (Euro to British Pound) daily chart presents a textbook double bottom reversal pattern, signaling a potential trend reversal after a prolonged downtrend. Additionally, a trendline breakout further strengthens the bullish outlook.
The market structure suggests that buyers are regaining control, and a breakout above the neckline resistance zone (0.84500 - 0.85000) could trigger a significant upward move. Let's break down this setup in detail.
📊 Technical Breakdown of the Chart
1️⃣ Double Bottom Formation – A Strong Reversal Signal
🔹 The double bottom is a powerful bullish reversal pattern that forms after an extended downtrend, indicating that selling pressure is fading and buyers are stepping in.
🔹 First Bottom: Established in December 2024, where the price reached a key support level (~0.82453) before bouncing back.
🔹 Second Bottom: Formed in March 2025, confirming the validity of the support level and creating a solid demand zone.
🔹 The neckline resistance (0.84500 - 0.85000) is the key level that price must break to confirm the reversal.
2️⃣ Trendline Breakout – Shift in Market Sentiment
🔹 The market has been in a downtrend, as shown by the descending trendline acting as resistance for several months.
🔹 Recently, the price broke above this trendline, indicating that bearish momentum is weakening and a potential trend reversal is underway.
🔹 This breakout adds confluence to the double bottom pattern, reinforcing the bullish bias.
3️⃣ Key Support & Resistance Levels to Watch
📌 Support Zone (Bottom Area) – 0.82453:
✅ This level has been tested twice (December & March), confirming it as a strong demand zone.
✅ Price consistently rebounded from this level, showing buyers’ dominance.
✅ This is the ideal stop-loss level to protect against downside risks.
📌 Resistance Zone (Neckline) – 0.84500 - 0.85000:
✅ A breakout above this neckline resistance is necessary for a bullish continuation.
✅ If price breaks and retests this level as support, it will confirm a high-probability buy setup.
📌 Target Level – 0.87394 (Projected Move)
✅ This is calculated using the measured move technique, where the distance from the bottom to the neckline is projected upwards.
✅ This level coincides with a previous resistance zone, making it a realistic target.
📈 Trading Strategy – How to Trade This Setup
🎯 Entry Plan for Long Position (Buy Setup)
1️⃣ Breakout Entry:
Enter a long position after a confirmed breakout above 0.85000.
Watch for strong bullish candles with volume confirmation.
2️⃣ Retest Entry (Safer Option):
If price breaks above resistance, wait for a pullback and retest of the 0.84500 - 0.85000 level.
If price holds this zone as new support, it strengthens the bullish confirmation.
📉 Stop-Loss Placement (Risk Management)
✅ Place a stop-loss just below the support zone (0.82453) to protect capital.
✅ This level is strong because price has bounced off it twice, confirming buyer strength.
🎯 Profit Target (Take Profit)
✅ The projected target is 0.87394, aligning with previous resistance.
✅ This offers a high reward-to-risk ratio (RRR), making the trade worth taking.
⚠️ Risk Management & Market Outlook
✅ Bullish Bias – Price action suggests uptrend continuation after breaking out of the trendline.
✅ Confirmation is Crucial! – Enter only after a clear breakout and retest.
✅ Watch for Fakeouts – If price fails to hold above the neckline, it could be a false breakout.
✅ Fundamental Factors – Keep an eye on economic data and central bank policies (ECB & BoE) that may impact the GBP & EUR.
📢 Final Thoughts – Why This Trade is High-Probability
🚀 Double Bottom + Trendline Breakout = Strong Bullish Signal
🚀 Neckline Breakout Above 0.85000 = Confirmation of Trend Reversal
🚀 Targeting 0.87394 with a Favorable Risk-Reward Setup
If price successfully breaks and holds above resistance, we could see a strong rally toward 0.87394 in the coming weeks.
📌 Monitor price action carefully and wait for confirmation before entering the trade.
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