Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85100 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85100 support and resistance area. Trade safe, Joe.
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. On the weakly timeframe, the pair was going lower steadily without leaving any supply zone unmitigated. The only imbalance the...
Observing the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick,...
Hello,Friends! EUR/GBP is making a bullish rebound on the 8H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.848 level. ✅LIKE AND COMMENT MY IDEAS✅
Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB...
EUR/GBP has just bounced off the support level which is a pullback support and could potentially rise to our take profit. Entry: 0.8501 Why we like it: There is a pullback support level. Stop loss: 0.8456 Why we like it: There is a support level which lines up with the 61.8% Fibonacci projection. Take profit: 0.8530 Why we like it: There is an overlap...
Preferred direction: SELL Comment: Not long ago, we considered silver for short-term buy-deal and this trade has already been closed today, or at least transferred to breakeven, and most of the profit has been fixed. In the shorter term, the metals are likely to expect a pullback, a downward correction. Against this background, we will consider two scenarios,...
💹 Let's analyze this popular Forex pair together, update our previous analysis, and review new triggers. 🛡️ Higher Time Frame Analysis: In higher time frames like weekly and monthly, EUR/GBP remains in a range, which aligns with the policies these two currencies have towards each other, clearly reflected in the chart. 📅 Daily Time Frame Insights: In the daily...
Preferred direction: BUY Comment: We highlighted short-term buy-priority at the end of the previous trading week, and at the beginning of this week this mood continues. Just like in the euro , there will most likely be at least a short-term strengthening, which will not be long in coming. Here we highlight two main scenarios, where scenario №2 (plan B), as...
Preferred direction: BUY Comment: Based on the results of last week, it can be noted that the market remained at the same levels and there were no significant changes. However, at the same time, such dynamics showed the stability of the US dollar's competitors, which indicates a likely short-term strengthening of these instruments. And of course, the EURUSD ...
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Hello,Traders! EUR-GBP is already Making a rebound from The horizontal support Of 0.8495 because The pair was locally Oversold so we will Be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP for now Already HIT STRONG SUPPORT and STILL HOLD, We see at 2023, lower and HOLD around this Support, so we try to BUY it.
Preferred direction: BUY Comment: After yet another historical and local record for metals , this market began to correct faster than currency pairs. In silver , in particular, we have recorded a local maximum and are now confidently moving towards the support level of 29.77800 . Near this level, we consider long according to scenario №1 , taking into...
EUR/GBP Long Signal: Bullish Outlook Analysis: The EUR/GBP pair is showing a promising long signal, driven by a combination of technical patterns and fundamental factors suggesting upward momentum. Here’s a brief overview of the bullish outlook: Technical Indicators: Support Zone: EUR/GBP has found strong support around the 0.84700---0.84430 level, This support...
EURGBP has been on a downward trend for some days, I expect the downward movement to continue, from currently position, I am expecting EURGBP to move downward and make a new lower low.
✅EUR_GBP is going down now But a strong support level is ahead at 0.8512 Thus I am expecting a rebound And a move up towards the target at 0.8494 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
EURGBP - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy EURGBP Entry Level - 0.8498 Sl - 0.8475 Tp - 0.8543 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️