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Euro / British Pound

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EURGBP trade ideas

EURGBP reboundEURGBP have potential to rebound to 0.84660, area with many confluences and liquidity. Traders should not use my plans as signals; they are meant to share my market perspective based on price reactions to key levels. Relying on others' signals limits your learning and causes insecurity. Instead, use my plans to enhance your strategy. Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell. Learning from others is important, but copying them won't make you a professional. Developing your own strategy and critical analysis skills is crucial for long-term success. Always trust your judgment and focus on continuous learning to improve your skills. Your trading is your responsibility. Choose a good risk management.
Long
by miketiger
LET'S SHOOT FOR THE MOON....AGAINMy reasons for taking a long swing position here.. 1. Inverted hammer printed on 1 month timeframe (trend reversal signal) 2. Price gave us a hammer candlestick at a respected support level and an extremely deep retrace below the .786 fib level on the daily time frame. (trend reversal signal) 3. Price is sitting at the bottom of a 4 hr bullish channel (trend reversal signal * Buy Stop set at 0.84352 2:1 reward:risk ratio * 3 positions ...TARGETING 100 PIPS... takings profits/trailing stops along the way. This is not trade/financial advice. This is my personal analysis. Trade at your own risk.
Long
by RichFish404
EURGBP Is Very Bullish! Buy! Take a look at our analysis for EURGBP. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.844. The above observations make me that the market will inevitably achieve 0.850 level. 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!
Long
by SignalProvider
3
Bearish momentum to extend?EUR/GBP is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is a pullback support. Pivot: 0.8476 1st Support: 0.8437 1st Resistance: 0.8507 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
1
EURGBP Short Opportunity Descending Channel: The price is moving within a descending channel, indicating a bearish trend. The current price action suggests a continuation of this trend. Moving Averages: The 200-period Simple Moving Average (SMA) is above the current price, providing resistance and confirming the bearish outlook. The 50-period SMA is also above the price, acting as additional resistance. Trade Justification: The descending channel indicates a bearish trend, and the presence of resistance from moving averages further supports the case for a short position. The proximity of the current price to key resistance levels increases the likelihood of a rejection and a move lower.
Short
by Metow1sw
1
EURGBP Trading Opportunity! BUY! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8464 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8509 Recommended Stop Loss - 0.8434 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Buy EUR/GBPTrade Idea: Buy EUR/GBP Entry: 0.84731 1st take Profit: 0.85300 2nd Take Profit: 0.86126 Rationale: Technical Analysis: EUR/GBP has shown strong Support near the 0.84300 level, with recent price action indicating potential for an upword move. Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.83500 level. Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM
1
Eurgbp Bearish Reversal The Bulls are pulling out and in are stepping the bears ready to scoop the underlying liquidity @0.85153 as the aggressive traders will try and drive the market down to around @0.84600 but since am just a moderate trader I will be eyeing my 1st tp @ 0.85153 I can see potential unmitigated orders which the big banks will also be targeting as the fuel the currency back up again but as of this week they will be more focused on mitigating those orders so am with the Bears on this one.
Short
by que
B/C Correction for E/G Before Descent To .8400?!Here I have EUR/GBP on the 4Hr Chart! Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area. This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405! Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133! *Golden Zone @ .85032 - .85087 After which I will be looking to take Sell Opportunities to finish the Wave! Indicators: -Price Trading Below DSR -Price Trading Below 200 EMA -DSR + EMA leading to "Death Cross" -RSI Below 50 -BBTrend Printing Red Bars
Short
by Novi_Fibonacci