EURGBPAnticipating a small retracement then continuation to the upside to take out the buyside liquidity.
Eurgbp!
EURGBP : Short Trade , 1hHello traders, we want to check the EURGBP chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. We expect this level to play the role of a resistance level and the price will fall to around 0.86300. Good luck.
EURGBP Bullish over the 1day MA200, bearish under it.EURGBP hit this week the 1day MA200 and fot rejected but not too low.
As long as it holds the Resistance ground, feel free to sell and target the 1day MA50 and Rising Support at 0.86100.
If it crosses over the 1day MA200, buy and target Resistance A at 0.88750.
Notice: An RSI cross under its Rising Support may indicate a shift to a more bearish momentum.
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EUR/GBP BEARS ARE STRONG HERE|SHORT
Hello,Friends!
EUR/GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.850 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair.
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EURGBP major resistance ahead!- EURGBP has been consistently reaching new highs over the course of the past week. In the event of a significant correction, it would be necessary for it to test the red zone before retracing.
- However, it's worth noting that if the red zone fails to maintain its integrity during the 'GBP Official Bank Rate' event, there exists the possibility of an upward breakout.
EURGBP Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86300 support and resistance area.
Trade safe, Joe.
Strifor || GBPUSD-09/29/2023Preferred direction: SELL
Comment: A small short on the pound could be considered today. At the beginning of the day, all the dollar's competitors began to recover, but most likely this buying mood will be stopped for now. It makes sense to buy-deals around next week.
Thank you for like and share your views!
EURGBP H4 | Bearish reaction off 50% fibo?Price is rising towards our sell entry at 0.8668, which is a pullback resistance level, aligning with the 50% fibo retracement and 100% fibo projection. Furthermore, it is at the neckline of the double top that was previously formed. Our stop loss is at 0.8701, which is a multi-swing high resistance level. Take profit is at 0.8634, which is an overlap support level and at the 50% fibo retracement.
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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.
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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.
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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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Strifor || EURUSD-09/29/2023Preferred direction: BUY
Comment: A short-term long worked well for the euro. Today it is expected that the instrument will trade at the level of 1.05700, where buyers will strengthen their positions. We also shouldn’t forget about the possible sell-off of the dollar against the backdrop of position closure before the weekend. From all this it follows that it makes sense to continue to look closely at short-term longs.
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EURGBPEURGBP was trading in bullish parallel channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending channel.
Now the price is retesting the broken channel and broken support level. which is also the 50% fib retracement level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 0.8590
💱EURGBP - False breakdown. Double top EURGBP made an unsuccessful attempt to break through resistance on the background of weakening pound sterling. A false breakout in the double top format is forming.
TA on the high timeframe:
1) False breakout of range resistance may bring the price back to support
2) The liquidity target area is around 0.85600.
TA on the low timeframe:
1) A move back inside the range is forming.
2) Price may form a retest of 0.8659 resistance before further decline
3) False breakout in the double top format is quite a strong set-up. In the long term we should expect a fall to 0.86076 and then to 0.85650.
Key support📉: 0.8630
Key resistance📈: 0.8660
EURGBP H4 | Bullish bounce off 50% fibo?Price could fall to our buy entry at 0.8637, which is an overlap support level and aligning with the 50% fibo retracement. Our stop loss is at 0.8613, which is an overlap support level as well, and placed slightly below the 61.8% fibo retracement. Take profit is at 0.8670, which is at the neckline of the previous double top that was formed.
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.
EUR/GBP BEST PLACE TO BUY FROM|LONG
Hello,Friends!
Bullish trend on EUR/GBP, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.870.
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EURGBP: Confirmed Bearish Reversal?! 🇪🇺🇬🇧
EURGBP leaves important bearish clues after a test of a solid daily horizontal resistance:
I see a double top and a rising parallel channel patterns.
The price violated both the horizontal neckline and a trend line and closed below them two.
I anticipate a further bearish continuation to 0.8635 / 0.8619
❤️Please, support my work with like, thank you!❤️
EURGBP - Long/Short Scenario (ICT)Long and short scenario for EURGBP.
Scenario (A) is relying on a reversal from a Bullish 4h Breaker Block before moving higher.
Scenario (B) is relying on a retracement from a Bullish 4h Breaker Block up into a Bearish 4h Breaker Block before moving lower.
EURGBP _____ INCOMING QUICK SHORT TRADEHello Guys,
How has the week been so far... Well for me, kinda bumpy but it's part of the game so I'm good.
Anyways, here we have a pair that just swept a monthly high (buy-side liquidity) and price formed a CHOCH on the daily timeframe, hence, the daily supply order.
I have set an alert for when the price will trade into the daily order block. Once that happens, I will drop down to the 1-hour timeframe to see if I will get my trade setup to go short.
Follow for more updates like this.
Cheers,
Jabari
EUR-GBP Will Go Down! Sell!
Hello,Traders!
EUR-GBP has established
A double top pattern and then
Broke the key horizontal level
Of 0.867 and the breakout
Is confirmed so I think that
We will see a further move down
Sell!
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Check out other forecasts below too!
Strifor || EURUSD-09/27/2023Preferred direction: Neutral
Comment: The currency pair worked out the previous short scenario perfectly and at the moment all transaction goals have been achieved. At the moment, the price will move on, and it would be best to take a break and watch the market. In the near future, a rollback to the level of 1.05700 is expected, from where we will consider potential entry points.
Thank you for like and share your views!
EURGBP, A journey to 0.83, H4 folloup Analysis!Please read my previous analysis on Weekly analysis (link below) then come back to this H4 analysis!
In short in H4 we see signs of a trend reversal if the price closes below the 0.8670 price mark, especially at the end of this week then there is a good chance that a journey to 0.82-0.83 has begun!
EURGBP TRADE IDEA / DAY TRADE / SHORTThis is trade idea for EURGBP Day Trade
-Sell around FVG according to the confirmation that will occur.
-Possible bearish price movement towards the support.
-Risk Reward 1:2
EURGBP On The Rise! BUY!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8671
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8692
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Banks Across Europe Pause for Breath after Mammoth Rate Hike RunHello guys, my idea on EURGBP is that we are overall in a uptrend and due to the pause for breath after the mammoth rate hike run the trend might reverse or continue little higher before we expect a reversal to the downside.. trade safe. James ❤
EURGBP Analysis D1Here is my analysis for EURGBP on D1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
