Very Strong Downtrend 🔴EUR/GBP H2 We can see very strong downtrend here. Price reacted to 0.85000 H4 support zone, but retested 0.85300 zone. It is possible to see bearish continuation, but if price breaks 0.85300 zone, I will look to buy.by SanShone2
EUR/GBP Day Trading Analysis With Volume Profile 📊On EUR/GBP , it's nice to see a strong sell-off from the price of 0.85370. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Daleby Trader_Dale2
EURGBP rose uncharacteristically on FridayEUR/GBP rose unusually on Friday as risks of a broader conflict between Israel and Iran eased. In addition, it is seen that inflation will decrease sharply to the target level in the coming months, sending a dovish signal to the market. The bank needs to remain restrained in its policy stance. However, he echoed Ramsden's comments by saying that the committee is seeing signs of a downward shift in the persistent component of inflation dynamics. EUR/GBP appears to have found resistance around 0.8625 and has traded lower after the PMI data, even heading lower than the 200 SMA. A return to former channel resistance is potentially on the cards at 0.8578. Prices settled into the trading range as central bankers mulled incoming data and the prospect of a first rate cut appeared a fair distance away. Longer-term, the ECB is on track to cut rates in June, meaning sterling will extend its interest rate superiority and is likely to see the pair test familiar levels of support.by Xayah_tradingUpdated 2
EURGBPEURGBP 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. Shortby EM_Trading_CompanyUpdated 2
[EURGBP] RED FLAG Down Trend [Date 27-31/5/24]Date 27-31/5/24 Mouth Weekly Daily Position Bias Short Strong Supply Short Target 0.76262 Weekly Daily Bias Short 1st Target 0.83262 H4 Follow Trend 0.85460 Zone Now Miss a TrainShortby PeJedkro961
check the trend Considering that the support range has been broken, it is expected that the downward trend will start in the long term. If the price crosses the support range, the downward trend will continueby STPFOREX1
EURGBP: Wait for Confirmation Before Bullish EntryThe EURGBP is testing a critical support level at 0.85 on the daily chart. While a bullish rally seems likely, cautious entry is advised to avoid potential retracements aimed at trapping retail traders. Key Points: 1. Price dipped close to the 0.85 support zone. 2. Upward move possible, but confirmation is crucial. 3. Wait for a daily candle close above 0.8530 before entering a long position. 4. This will provide a stronger signal of a bullish breakout. Remember: The market can be unpredictable. Always practice proper risk management and consider using stop-loss orders.Longby OMGiTzREALHASSAN2
EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________Shortby weekendanalystUpdated 6
Could EUR/GBP bounce from here?Price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 0.8547 1st Support: 0.8530 1st Resistance: 0.8581 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.Longby ICmarkets7
EURGBP ShortingPrice Action Day Trading. Price has broken down the support level setting a lower low. This has brought the price back into the Range Zone. H4 TF price is bearish. It has created a good opporunities to short the pair. Set short trade at the broken support level. SL above the swing high of H1 TF. Targeting Range Swing low Shortby royschen07112
EURGBP Excellent short-term sell signalThe EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below): We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached (and is so far holding) its 4H MA50 (blue trend-line). The last similar Bearish Leg reached at least the 0.618 Fibonacci retracement level before rebounding. As a result we have now a rough sell Target at 0.85635 (Fibonacci 0.618) but we will close earlier if the RSI hits the Buy Zone before the price hits the Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot115
EURGBP TRADING IN A RANGEEURGBP is trading in a range zone for quite a long period know currently trading near the support area buying is a good option with strict stop loss .Longby kashif1999110
EUR----GBP----- bearish There is Bearish Trend and Trend is Making lower low and lower high continuation take the Trend after Rejection from 20EMA and put the Sell Limit on Fib 0.6 Level Stoploss Should be your Last Lower high point Stoploss :0.85675 TP1 :0.85543 TP2:0.85413 TP3:0.85308Shortby ali11002664
EURGBPEURGBP is currently in a bearish trend, moving within a well-defined channel. A break below the higher low (HL) on a shorter time frame will trigger a trade execution, signaling a continuation of the downward momentumShortby onlysignals2
EURGBP pullbacks towards the trend before breaking 0.86Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 2211
EURGBP LONG Daily: - Bullish M - Fakeout - Clean S&D zone - New liquidity *Bigger D BOC is not tapped yet (+) Weekly: - Market structure: Bullish (Pattern) - Last candle close: Bearish - FIB: Bullish - ZONE: Bullish 3/4 LONG 4H: - Waiting on deceleration - Clear buying orders in history around this zone - New action caused 4H bullish momentum Longby SimonVerlinde1
Fake break inThe market broke out the horizontal line so it will give us a sniper entry to the downside by Godzillaviews1
EURGBP SetupEurgbp is bullish overall so we have to enter the trade for the continuation. Market has sweeped the liquidity and given a valid CHoCH so this is my Setup to go LONG on EURGBP.Longby Sikandarkoree129334
change the trend It is expected that the price will fluctuate in the current support range and then we will see the start of an uptrend. By crossing the 61.8% level, it will be possible to continue the downward trend to the indicated support levels.Longby STPFOREX111
EUR/GBPA bearish flag is a chart pattern indicating the continuation of a downtrend. Here's a brief summary: 1. **Preceding Downtrend:** A significant initial decline in price forms the "flagpole." 2. **Consolidation Channel:** The price then consolidates within a parallel channel, forming the "flag," typically with decreasing volume. 3. **Breakdown:** The pattern is confirmed when the price breaks below the lower trendline of the flag on increased volume. 4. **Trading Strategy:** - **Entry Point:** Enter a short position when the price breaks below the flag. - **Price Target:** Estimate the target by subtracting the flagpole length from the breakout point. - **Stop Loss:** Place a stop loss above the upper trendline of the flag. This pattern helps traders identify potential continuation of the downtrend and plan their trades accordingly.Shortby B9A-88652-NisarAhmad1
EURGBP What Next? BUY! My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8549 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 - 0.8585 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 Longby AnabelSignalsUpdated 113
eurgbpIt is valid before reaching the target. For being more persice entry, you should go to m1 timeframe.Longby Mohammadali_GH222
EUR======GBP=====Bearish 1.Market structure Gets Rejection from Resistance On Daily time Frame 2.There is Bearish Engulfing candle on daily 3.There is formation of double top Pattern on H4 4.there is Divergence In RSI on H4 5.there is divergence in Momentum Shortby ali11002Updated 2