EURGBPRejection from 8 year weekly support level
Doubble bottom formation
Bullish Divergence
Bullish Stance
waiting for previous LH to break for Entry
GBPEUR trade ideas
RR=2 buy ideabullish alternate bat pattern + price bounce at stron support level tested more than 4 times : expecting the trend to reverse and break above the forme falling wedge
PS : never risk more than 2% of your capital per trade
EURGBP | Long Opportunity with Strong Weekly SupportI'm watching EURGBP on the weekly timeframe as it approaches a strong support zone between 0.8200 and 0.8275 . The pair is currently in a corrective trend, signaling potential upside movement once the correction completes. The support zone has historically held well, indicating a potential rebound.
My stop-loss is placed at a weekly close below 0.8140 to protect against further downside. The first profit target is set at 0.8700, with the second target left open for potential extended gains depending on market conditions.
EURGBP Daily longHi fellow traders,
The first trade that I spot for the week.
The reason why it's interesting the last candle is engulfing the last 3 candles.
And it's closed above the previous support level.
Wen, Thu are also the optimal trading days.
There is high impact news tomorrow but I still take the trade because it's a daily setup.
So If the current daily candle close like it's now I take the trade
Buy eurgbpSTRONG WEEKLY and monthly demand level
Higher chances to respect it on more time
Daily ,weekly and monthly oversold already
Minimum target500 pips only
Progress of this EURGBP TradeI identified a double bottom a couple of days ago on the EURGBP trading chart somewhere at the middle of a bullish order block. This is supposed to indicate an upward price move but price went down and almost took me out. There's been a reversal and price seems to be going back in the original direction of my trade. I'll keep you posted on the progress of this trade.
BUY EURGBP for bearish trend reversal STOP LOSS : 0.8302BUY EURGBP for bearish trend reversal
STOP LOSS : 0.8302
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
EUR/GBP: Awaiting Bullish ConfirmationHello,
OANDA:EURGBP is still moving out of bearish territory. Once it reaches the one-year support level, it should have a smoother path ahead. However, before that, we still need bullish confirmation from the one-month pivot point.
TradeWithTheTrend3344
EUR GBP SETS UP FOR A BUY-LONG:The best trades are the ones that allow you to buy low in price, sometimes even at their last leg of a short. This is what sort of happened with EUR GBP earlier today when I saw its price get so low and tempting to buy an order, but there was also a reversal setup taking place which also had momentum in the price action, something you don't often see when bargain hunting on trading.
I knew that this trade would ascend and run nicely for EUR GBP because the currency combo had 2 macd's working its return to momentum, these would give an early indication of how long the currency pair might need macd to support its future growth, but it was also a chance to catch up with miserable clients and koolj.
So take profit for educational purposes ate 84.30
Stop Loss: 83.
Buy up until 83.50
I should go to target quickly with very little data economic today.
Thanks for taking the time to read.
EURGBP: Long Trade Explained
EURGBP
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURGBP
Entry - 0.8318
Sl - 0.8298
Tp - 0.8354
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Check the trend It is expected that the upward trend will start and advance to the range of the resistance trend line. If the price crosses the support range, it will be possible to continue the corrective and downward trend
EURGBP An clear Long setup As we can see, the market's price is at its lower low support zone, where bulls have taken the strength against bears. A pin bar is also available at this support zone. That is also a clear sign of a bullish setup. Soon this pair will fly up to the next resistance area which is the Target.
EUR/GBP may rise 21 - 31 pipsOur pivot point stands at 0.8323.
Our preference
The upside prevails as long as 0.8323 is support.
Alternative scenario
The downside breakout of 0.8323 would call for 0.8306 and 0.8296.
Comment
The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8329 and 0.8330). Finally, the EUR/GBP is trading above its upper Bollinger band (standing at 0.8343).
Supports and resistances
0.8397 **
0.8386 *
0.8376 **
0.8366
0.8345 last
0.8330
0.8323 **
0.8306 *
0.8296 **
Number of asterisks represents the strength of support and resistance levels.
EURGBP. Price Action long term ideaHi, everyone
On the monthly TF, the price is near a strong support level. The price has repeatedly turned around in this zone in 2020 and 2022. An idea for lovers of long-term trades, entry in the zone 0.8250-0.8310 with a target of 0.8950-0.9000.
Good luck to everyone and have a nice day!
EURGBP H1 Impulse UpAs explained in detail in the free weekly outlooks , check it out for the complete picture!
H1 looking for 5 up.
Looking for buy setups against the invalidation point on the lower timeframes, targets on the chart.
Good luck and trade safe!
Thanks for taking a look and if you like this idea hit the thumbs up to show your appreciation for this free analysis.
Thank's to all the traders in advance that hit the thumbs for your support.
Enjoy!
EURGBPEURGBP.
Will EURGBP get bids from buyers ?
As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 0.8400 followed by 0.9000.
What you guys think of this idea?
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
EURGBP Shorting OpportunityAccording to COT report, EURO Non Commercial Shorts increased around 36% while GBP has been strong for a while. I am going to wait for price to come back to 50% retracement and look for opportunity to enter. Again, I might be very wrong about this but it looks like, it's worth giving it a try. Daily MACD also shows a weak bearish move.
EURGBP - Long It is seen that trend has reversed with the formation of HH and HL. Piercing candle at HL and formation of Bullish engulfing at subsequent HL show that trend would be continued.
EURGBP Expected Growth! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8334 pivot level.
Bias - Bullish
My Stop Loss - 0.8324
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8355
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
