Here I have EUR/GBP on the 4Hr Chart! Price Action created a Higher High breaking our Confirmation @ .86340! Will be looking for price to make a small retracement into my Entry Zone before making its way to Sequence Target! *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES...
Price is rising toward our buy entry at 0.86362 which is an overlap resistance. Our take profit will be at 0.86980, an overlap support level. The stop loss will be placed at 0.85792, above a pullback support level. 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...
Please, check our technical outlook for EURGBP. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.860. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.865 level. P.S Overbought describes a period of...
Short idea at supply zone! Waiting to break the EMA and retest at lower time frame.
EURGBP - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell EURGBP Entry Level - 0.8601 Sl - 0.8617 Tp - 0.8571 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8608 pivot level. Bias - Bearish My Stop Loss - 0.8626 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8575 About Used Indicators: The average true range ATR plays an important...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Preferred direction: BUY Comment: Local strengthening of the buyer forces a reversal up in the short-term view. Market sales are unable to push the price down, limit purchases are currently holding back the price, and despite sellers’ momentary attempts to break through lower, they are unlikely to succeed. Thus, the focus is on the current local maximum at...
EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...
Hey Traders, In today's trading session, our attention is on EURGBP, as we seek a selling opportunity around the 0.86500 zone. Having previously traded in an uptrend, EURGBP has recently broken out from this pattern and is currently in a correction phase. The correction brings the currency pair towards the retrace area at the 0.86500 support and resistance region,...
Preferred direction: SELL Comment: Against the backdrop of the weakening of the American currency after the Fed meeting, we did not wait for the update of local lows at level 1.25279 . Quite a strong strengthening in a number of major instruments against the US dollar. However, we continue to adhere to sell-priority according to scenario 1. Today is also...
Preferred direction: SELL Comment: Yesterday's buy-idea in the euro worked 100%. After the announcement of the Fed rate, competitors of the US dollar strengthened their positions. Today, similar weakening is expected in their relations, so we are considering the euro for sell in the short term. The main long are, of course, still to come, which is exactly...
"EUR/GBP: Elliott Wave Analysis in the Complex Brexit Landscape" Dive into the nuanced world of EUR/GBP with our extensive Elliott Wave Analysis. This in-depth post explores the intricate wave patterns shaping the movements of this key currency pair, set against the backdrop of ongoing Brexit developments and European economic dynamics. We analyze the current...
EURGBP - 24h expiry We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. Bespoke resistance is located at 0.8630. Preferred trade is to sell into rallies. We look to Sell at 0.8630 (stop at 0.8658)...
Hello,Traders! EUR-GBP is trading in a Local uptrend and the pair Went up just as I predicted Then broke the key horizontal Level of 0.8616 and the breakout Is confirmed which reinforces Our bullish bias and I think That we will see a further move up After a potential pullback Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP is reversing from our sell entry and is reaching our take profit level. Sell entry is at 0.86310 which is a pullback resistance. Stop loss is at 0.86490 which is a swing-high resistance level. Take profit is at 0.86134 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Hello,Traders! EUR-GBP broke out of The parallel range in which The pair was accumulating For the next move so now we Are locally bullish biased And I think that we will see A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred direction: SELL Comment: Sales in the short term continue in the pound. Here, as expected since our last publication, the tool is working according to scenario 1. All the same goals, today we will most likely see a new local minimum for the British currency, after which we can start looking closely at medium-term longs. Thank you for like and...