EURGBP H4 | Potential bullish reversalEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.85712 which is a pullback support.
Stop loss is at 0.85400 which is a level that sits under a pullback support.
Take profit is at 0.86171 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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Eurgbp!
British Pound can rebound up from support line to 0.8610 pointsHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price a few days ago started to trades in an upward channel, where it first some time traded near the 0.8570 support level, which coincided with the buyer zone and then bounced up. After this, the price made a correction to the support line, and then it at once rebounded and made an impulse up to the resistance line of the channel. But then, GBP made a correction again to support line, after which the price turned around and made a strong upward impulse to 0.8685 point, thereby breaking the resistance level, which coincided with the seller zone and also exited from the upward channel. A few moments later, the British Pound formed a head and shoulders pattern, after which it in a short time declined below the 0.8645 resistance level, which was a neck of this pattern too, and then continued to fall in a downward channel. At the moment, the price continued to decline in this channel and I think GBP can fall to the support line, which coincided with the support level, and then start to move up to the resistance line of the downward channel. For this case, I set my target at the 0.8610 level. Please share this idea with your friends and click Boost 🚀
EURGBP Will Move Lower! Short!
Take a look at our analysis for EURGBP.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.865.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.860 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP H4 | Rising into resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 0.86158
Why we like it:
There is a pullback resistance level
Stop Loss: 0.86395
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Take Profit: 0.85710
Why we like it:
There is a pullback support level
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.
EURGBP Buy/LongEURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these trades.
EURGBP Buy/Long
ENTRY: 0.85820
TAKE PROFIT:
TP 1: 0.87096
SL: 0.85574
Please use proper risk management upon entering this trade.
⚡️Strifor || EURUSD-15/01/2024Preferred direction: SELL
Comment: The previous week passed within the framework of accumulation and the situation with the main instruments basically did not change. Thus, we continue to adhere to selling priority for the Euro .
At the moment, two scenarios are active, stop-loss is placed closer to 1.11000 . The nearest target for the fall is the level of 1.09000, where it is expected that buyers will begin to retreat; against the background of their closure, the price will drop to 1.08000 . Earlier we also said that in a longer term perspective one may consider a fall to 1.07000.
Thank you for like and share your views!
EURGBP Will Explode! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8573 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8609
Recommended Stop Loss - 0.8555
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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EURGBP Massive Long! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8583 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8613
Recommended Stop Loss - 0.8568
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EURGBP Scalp longI am taking this long scalp trade. I see a bullish divergence on H1 and H4 tf. Actually is trying to break out from H1 trendline, if it can retest it and hold, we could see the target reached in some hours. I reccomend to put stoploss at break even if we get at least 15 pips of profit
⚡️Strifor || GBPUSD-US CPI‼️Preferred direction: SELL
Comment: As expected, due to the high correlation between the British pound and the Euro , the situation for these currency pairs before US inflation is absolutely the same. For this pair, scenario №1 is considered worked out. But scenario №2 does not lose its relevance.
Therefore, scenario №2 is very relevant before the publication of data from the United States . We set the downside target at 1.26000. We place the stop loss at 1.28500 , closer to 1.29000. If something happens, within the specified stop loss ranges, you can consider adding a position or re-entering the sell.
Thank you for like and share your views!
⚡️Strifor || EURUSD-US CPI‼️Preferred direction: SELL
Comment: Ahead of the inflation data , the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US inflation publication, which will take place today.
Two short scenarios are now autal, that is, two transactions can be active at once with a target at the level of 1.08000 . Stop loss should be placed slightly above the level of 1.11000.
Thank you for like and share your views!
EURGBP H4 | Downturn to resumeEUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop lower towards our take profit target.
Entry: 0.86123
Why we like it:
There is a pullback resistance level
Stop Loss: 0.86395
Why we like it:
There is a pullback resistance that sits above the 38.2% Fibonacci retracement level
Take Profit: 0.85778
Why we like it:
There is a pullback support level
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.
EURGBP H4 | Potential bearish breakoutEUR/GBP is falling towards a pullback support and could potentially break under this level to drop lower.
Sell entry is at 0.85893 which is a potential breakout level.
Stop loss is at 0.86350 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.85628 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
HelenP. I British Pound can start moving down to trend lineHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price some days ago traded near the resistance zone, which coincided with the resistance level and even made a fake breakout, after which EURGBP rose to the trend line. Then price rebounded and made a strong impulse down until below the support zone, thereby breaking the 0.8700 resistance and 0.8590 support levels. After this movement, GBP a few time traded near the support zone and later made impulse up to the trend line, breaking the 0.8590 support level again. A short time later, the price broke the trend line and reached the resistance level, after which GBP rebounded and declined to the support level, which coincided with the trend line. Recently, the price bounced from this level, and at the moment, the British Pound continues to trade near the support level. For my mind, the price can rise a little more, and then it will rebound down to the trend line, thereby breaking support level. For this case, I set my target at the 0.8560 level, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
⚡️Strifor || GOLD-08/01/2024Preferred direction: SELL
Comment: In our extreme trading idea for gold , we assumed growth from current prices (at the 2020 level). However, as we previously assumed in our trading ideas, there is a high probability that 2024 will start with a strengthening of the US dollar.
Taking into account the review of the situation, we are forced to consider sales further. The target for this week's fall is the level of 2000 with the prospect of a further fall to 1960 . And the main scenario is to sell at current prices. We also do not exclude an extremely unlikely scenario with preliminary growth by 2040-2060 , and then a decline towards the same targets.
Thank you for like and share your views!
⚡️Strifor || GBPUSD-08/01/2024 Preferred direction: SELL
Comment: The British pound is also being considered for sell as part of the overall strengthening of the US dollar in early 2024. Here, at the moment, we are working on scenario 1 , which we set for ourselves in the previous trading idea. However, we cannot exclude scenario 2 (updating the maximum at the level of 1.28000 ) and we must also be prepared for it.
The target for the fall also remains unchanged, namely the level of 1.25000.
Thank you for like and share your views!
⚡️Strifor || EURUSD-08/01/2024 Preferred direction: SELL
Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar . For this currency pair, we also now fully adhere to sell-priority.
During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000 . Technical analysis supports this idea, and volumes indicate the presence of a limit seller, so the priority is to adhere to the seller’s direction.
The second scenario cannot be ruled out either, but this false maneuver is very unlikely.
Thank you for like and share your views!