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GBPEUR trade ideas

Trade Idea: EUR/GBP Long PositionTimeframe: 4H Entry Price: ~0.85168 Trade Type: Buy (Long Position) Technical Justification: Bullish Reversal Setup: After an extended downtrend, price action has formed a potential reversal pattern with higher lows, indicating early signs of bullish momentum. Break of Consolidation Zone: Price has broken above recent consolidation, suggesting a possible trend shift. RSI Confirmation: The RSI (14) has crossed above its moving average and is currently above 50, supporting bullish momentum. Risk-Reward Setup: The trade offers a favorable risk-to-reward ratio with a stop-loss set below recent lows at 0.84765 and a target near the previous resistance zone at 0.85980. Trade Details: Entry: 0.85168 Stop-Loss: 0.84765 Take-Profit: 0.85980 Risk-Reward Ratio: Approx. 1:2.5 Market Outlook: This long setup aligns with potential bullish divergence and a structure break on the 4H chart, offering an ideal opportunity for swing traders anticipating a correction or trend reversal.
Long
by The_Trading_G3ek
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.
Long
by SRA_Trades
4
EURGBP INTRADAY supported at 0.8450EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.8450 – previous consolidation range and pivotal support Upside Targets: 0.8736 – initial resistance 0.8787 and 0.8900 – extended bullish targets on higher timeframes A bullish reversal from 0.8500 would suggest continuation of the uptrend, confirming buying momentum. However, a decisive break and daily close below 0.8500 would invalidate the bullish structure, opening the door for further retracement toward 0.8450, with additional support at 0.8370 and 0.8300. Conclusion EUR/GBP remains bullish above 0.8500. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move. 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.
by TradeNation
Potential bearish drop?EUR/GBP has reacted off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 0.8526 1st Support: 0.8447 1st Resistance: 0.8572 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURGBP SHORT FORECAST Q2 W18 D1 Y25EURGBP SHORT FORECAST Q2 W18 D1 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EUR/GBP Long Position (4H Timeframe)Analysis Summary: The EUR/GBP pair has shown a potential bullish reversal on the 4-hour timeframe after forming a double-bottom structure near the 0.84800 support zone. A trendline has been drawn from recent higher lows, suggesting the initiation of an upward move. Technical Indicators: RSI (14): The RSI has broken above a descending trendline, indicating potential bullish momentum. Current RSI reading is 44.58, crossing above the signal line (40.68), hinting at growing bullish strength. Price Action: A higher low is forming in confluence with trendline support, and recent bullish candles indicate buying pressure. Trade Details: Entry: 0.85042 (Current Market Price) Take Profit (TP): 0.85583 Stop Loss (SL): 0.84805 Risk-to-Reward Ratio: Approximately 1:2 Conclusion: This trade anticipates a continuation of the bullish move, backed by RSI breakout and trendline support. A clean invalidation below 0.84805 ensures risk management is in place, while the target at 0.85583 aligns with previous resistance.
Long
by The_Trading_G3ek
Shorts for EURGBPFX:EURGBP Previously, we mentioned about the price having potential to react off the daily swap zone after falling from the daily resistance zone. However, price gave us only about 100 pips, before failing and breaking down below the daily swap zone. Since price previously reacted off the high time frame daily resistance zone, the break below of the swap zone signals continuous push towards the downside. Currently, price has reached the demand zone and price has rebounded. This zone may be seen as insignificant because, from the bearish price action, we expect it to eventually break below the demand zone and continue the downtrend towards the daily demand zone.
Short
by CandleCipher
EUR/GBP Buy Trade Analysis – 4H Timeframe📈 Pair: EUR/GBP 🕒 Timeframe: 4-Hour 📥 Entry Price: 0.85112 🎯 Take Profit (TP): 0.86300 (approximate based on visual RR box) 🛑 Stop Loss (SL): 0.84786 🔍 Trade Setup Explanation: Strong Support Zone: The price has bounced multiple times from the 0.84900–0.85000 support area, indicating buyer strength and market rejection of lower prices. 200 EMA Acting as Support: The blue 200-period EMA is providing dynamic support, aligning with the horizontal level and increasing the probability of a bullish move. Bullish Reversal Candles: The recent bullish candles near support show strong buying interest, suggesting a shift in momentum. EMA Crossover Potential: Price is testing the 50 EMA from below, and a break above could indicate a trend reversal or a deeper pullback. RSI Confirmation: RSI has bounced from oversold levels and is now crossing above its signal line (moving average), signaling building bullish momentum. 💡 Summary: This EUR/GBP long trade is supported by confluence of horizontal support, EMA dynamics (200 EMA support, 50 EMA pressure), and RSI bullish crossover. The setup offers a strong risk-to-reward profile with technical confirmation for a potential upside move.
Long
by The_Trading_G3ek
EURGBP DETAILED ANALYSIS TECHNICAL AND FUNDAMENTALSEURGBP is currently trading around 0.85, having completed a successful breakout and retest of the previous resistance-turned-support level. The price action aligns with a classic bullish continuation pattern, suggesting that the pair is poised for another upward move. My target for this bullish wave is 0.88, which corresponds to the next significant resistance zone. Technical indicators support this outlook. The formation of a falling wedge pattern on the 4-hour chart has been confirmed, with the breakout leading to a sustained upward trajectory. The retest of the breakout level has held firm, indicating strong buyer interest and the potential for continued bullish momentum. From a fundamental perspective, the euro is gaining strength due to improved economic indicators in the Eurozone, while the British pound faces headwinds amid ongoing fiscal policy uncertainties in the UK. This divergence in economic outlooks is contributing to the euro's relative strength against the pound, further supporting the bullish case for EURGBP. In summary, the combination of technical patterns and fundamental factors suggests that EURGBP is well-positioned for a move toward 0.88. Traders should monitor key support levels to manage risk and look for confirmation of continued bullish momentum as the pair approaches the target zone.
Long
by AndrewsMarket-Mastery
5
EURGBP SHORT FORECAST Q2 W18 D30 Y25EURGBP SHORT FORECAST Q2 W18 D30 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP Short SetupEURGBP Short Setup 4H Chart Trendline Breakdown and Retest Entry : 0.84944 Stop Loss : 0.86678 Take Profit : 0.83310 RR 1 to 1.9 Market broke below the ascending support and retested the underside of a broken trendline confluence. Bearish pressure is building as price fails to reclaim 0.85396 zone. Clean structure for continuation to the downside. Price is now respecting lower highs with momentum shifting beneath structure. This setup targets the previous demand zone near 0.833 region where price consolidated before the last impulse up. As long as price holds below 0.854 zone, bearish bias remains valid.
Short
by wolfchemist