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EURGBP H4 | Bearish reversal off 61.8% fibo?Price is rising towards our sell entry at 0.8730, which is an overlap resistance, aligning with the 61.8% and 100% fibo projection. Based on Elliot Wave structure that has been plotted out, we have projected the final wave, wave 5 to have its last push to the upside before the major bearish reversal. Ideally, our Take profit would be at 0.8700, which is an overlap support level if price falls from our sell entry. Stop loss is at 0.8762, which is an overlap resistance, slightly above the 78.6% fibo projection. 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. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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. FXCM Australia 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.
Short
by FXCM
EURGBP - Potential long ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: Tomorrow will be released yearly CPI on GBP, one of the most important news, so if the result is positive, we can see the retracement. Like, comment and subscribe to be in touch with my content
Long
by Snick3rSD
2
Strifor || EURUSD-10/18/2023Preferred direction: SELL Comment: The main direction is still downward, here the medium-term vision does not change. However, the results of trading on Wednesday suggest a slight recovery against the dollar. Here, an overshoot is also not excluded, that is, a movement towards 1.06000, after which the currency pair will most likely begin to fall again. As was said in previous trading ideas for this instrument, in the medium term we can expect a movement towards the level of 1.04500. Thank you for like and share your views!
Short
by Strifor
1
TradePlus-Fx|GBPUSD: power of dollar💬 Description: The dollar began to gain strength again amid yesterday's US inflation data. Currency pairs reacted the most, and metals only began to catch up a little later. Metals are most likely still supported by demand against the backdrop of geopolitical tensions, where, by the way, the dollar also has weight, since US bonds are bought for dollars. We recently looked at a potential reversal at the 1.22716 level. This area is indicated on the graph. This is exactly what is happening now. Sales priority will be canceled only if the price closes again above the specified level. In the very near future, the level 1.21166 will most likely be reached, after which as soon as the price falls below this level, we can expect a rapid fall to 1.18730. 🔔 FX CALENDAR TODAY 🔔 🇨🇭PPI 🇬🇧BoE Gov Bailey Speaks 🇪🇺ECB President Lagarde Speaks 🇺🇸Michigan Consumer Sentiment 🇺🇸Michigan Consumer Expectations 🛢US Baker Hughes Total Rig Count 🌎IMF Meetings ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
14
🚨EURGBP will Fall By Bump-and-Run Top Pattern🚨✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
39
Strifor || GBPUSD-10/16/2023Preferred direction: SELL Comment: At the beginning of the week, the dollar lost ground slightly, but despite this, the American currency still dominates the market based on a number of technical factors and, of course, fundamental ones. The pound is also expected to fall towards the support area at the level of 1.20500. In the medium term, the instrument may fall even lower in order to eliminate buyers' stop losses. Thank you for like and share your views!
Short
by Strifor
1
TradePlus-Fx|EURUSD: follow plan💬 Description: Addition to an extreme trading idea for the Euro . In general, we continue to follow the plan that was outlined for us. The first part, aimed at long, worked out positively. Now, after reaching the area 1.06167 - 1.06350 , you can begin to consider short transactions. The best thing to do is to look at the dynamic set of positions, that is, to gain a short position with several orders. There is a small chance that the price may update the current high, especially based on data from the US today. The target for the fall is the same and remains at the daily level of 1.05194 . In addition, a potential movement below the specified target was indicated on the chart. This option is also being considered, and after fixing part of the profit, you can allow the profit to continue flowing. 🔔 FX CALENDAR TODAY 🔔 🇺🇸PPI 🛢EIA Short-Term Energy Outlook 🇺🇸FOMC Meeting Minutes 🛢API Weekly Crude Oil Stock 🌎IMF Meetings ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
21
EUR/GBP Aims HigherEUR/GBP is rising and might climb above the 0.8665 resistance. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is rising and trading above the 0.8650 zone. · There was a break above a major bearish trend line with resistance near 0.8635 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady increase from the 0.8620 zone. The Euro traded above the 0.8635 pivot level to enter a positive zone against the British Pound. Besides, there was a break above a major bearish trend line with resistance near 0.8635. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8650. Finally, it faced sellers near 0.8665. It is now correcting gains and trading below the 23.6% Fib retracement level of the recent increase from the 0.8633 swing low to the 0.8664 high. Immediate support sits near the 50% Fib retracement level of the recent increase from the 0.8633 swing low to the 0.8664 high at 0.8650. The next major support is near the 50-hour simple moving average at 0.8645. The main support is 0.8635. A downside break below the 0.8635 support might call for more downsides. In the stated case, the pair could drop toward the 0.8620 support level. Immediate resistance is near the recent high at 0.8665. The next major resistance could be 0.8680. A close above the 0.8680 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8720. Any more gains might send the pair toward the 0.8780 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
EURGBP Will Explode! BUY! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8635 Bias - Bullish Safe Stop Loss - 0.8618 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8663 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1