Pair: OANDA:EURGBP Timeframe: H4 - Medium Term (MT) Direction: Short Technical 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) - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand...
A #long trade opportunity recently presented itself on the #europound (#EURGBP) #trading chart 📈. This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 0.85253 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price...
#EURGBP UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURGBP. EURGBP is at a strong support level. This is getting a good bounce here. We can see gain here upto 100Pips+ in this move. Keep in touch we will update further soon.
OANDA:EURGBP has given a strong upside breakout from previous 4 weeks range. It has been retracing towards fib 50-75% levels where we can look for buy side setups.
OANDA:EURGBP This is what I call " the price has moved too far too fast" and formed a sharp peak, I doubt that further upward movement is sustainable. I'am expecting a gradual, smooth landing on the support.
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
Price has just bounced off the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.85516 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.85204 Why we like it: There is a pullback support level Take...
Technical Confluences for Trade: - Stochastics are in Oversold Conditions on H1 & H4 time-frame - Price is currently at a 78.6% Retracement level from Previous Low-High - Price action should bounce between both Supply-Demand Zones - Price is entering a Demand Zone (Yellow Zone) - Aiming for the next Supply Zone (Blue Zone) at a 61.8% Fibo retracement & resistance...
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...
EURGBP has recently bounced from a major support level on the 4-hour timeframe, with the RSI indicator confirming oversold conditions. Additionally, COT data indicates a significant number of financial institutions holding short positions on the GBP. All signs point to a potential bullish trend for the EURO. 📉 Expectations: We anticipate the pair to re-test key...
EURGBP has recently bounced from a major support level on the 4-hour timeframe, with the RSI indicator confirming oversold conditions. Additionally, COT data indicates a significant number of financial institutions holding short positions on the GBP. All signs point to a potential bullish trend for the EURO. 📉 Expectations: We anticipate the pair to re-test key...
A glimpse of the EURGBP in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
First thing I did was identify the trend. The market is clearly locally in a downtrend, so I was looking for a short today. The next step was to wait for New York's Initial Balance (NY IB) to form. (The NY IB is the high and low of the first hour of NYs open.) Once the IB is formed we wait to see how price interacts with it in order to make an educated...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85600 support and resistance zone. Trade safe, Joe.
Preferred direction: BUY Comment: The British , just like the euro , has fully worked out all of our previous trading ideas that we published earlier. Buy-priority remains relevant, but growth is more limited. It should also be noted that if the price closes above the level of 1.25000 on the weekly chart, one can expect higher targets, namely the level of ...
Preferred direction: BUY Comment: All previous trading ideas for the euro were closed with profit. For now, it's best to wait until next week, but we're already highlighting the two most likely scenarios. The euro remains bullish and there is short-term growth potential. In addition, there are assumptions regarding the level of 1.09000. and even 1.09500...
Preferred direction: BUY Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about...
Preferred direction: BUY Comment: The long-awaited growth in the euro , which we considered and held the position for two weeks. Most of the potential growth has been spent. Buyers still dominate and buy off sales in the market. Most likely, there will be another shot upward towards the level of 1.08000 . However, we limit ourselves to the target at the level...