Preferred direction: BUY Comment: After yesterday's macroeconomic statistics, the currency pair dropped sharply to the support level of 1.09623. Such a rather aggressive approach favors a rebound from the level, thereby generating growth for the instrument. Growth from this level is expected in the very near future, as long-term accumulation will already...
Analysis: Breakout of downwards trend (bullish confluence factor) Break and retest of previous resistance (bullish confluence factor) Fib "golden zone" level (bullish confluence factor) Break and retest of downwards trendline (bullish confluence factor) EUR strongest major currency (bullish confluence factor) GBP 2nd strongest major currency (bearish...
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
The price has reached the end of its long-term correction and is expected to rise to at least half of its previous wave
Dear colleagues, yesterday there was a strong movement that broke the entire strategy. Today, I anticipate that the price will experience a strong correction towards the area of the 50% Fibonacci retracement level at 0.86121. Then, it is possible that short positions will continue. Manage your capital correctly and competently! Only enter trades based on reliable...
Hi Guys Hope you well. According to the previous analysis, the price was able to move up from the support zone. According to the chart, I expect such a move. The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the low time. SecondChanceCrypto ⏰25/JULY/23 ⛔️DYOR Always do your research . If you have any...
Price is hovering above our buy entry at 0.8599, and this is at the key support level, in alignment with the 50% fibo retracement and 61.8% fibo projection level. Take profit is at the previous multi-swing high level, at 0.8685. Stop loss is at 0.8540, at the overlap support level and right below the 78.6% fibo retracement level. Please be advised that the...
EURGBP is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.85975 Why we like it: There is a pullback support that aligns with a confluence of Fibonacci levels, namely the 50.0% retracement and 61.8% projection Stop Loss: 0.85351 Why we like it: There is a pullback support...
EURGBP is falling towards a pullback support that aligns with a confluence of Fibonacci levels i.e. the 50.0% retracement and 61.8% projection. Price could hit the buy entry at 0.85976 and potentially reverse to bounce higher. Take profit is at 0.86848 which is a recent swing-high resistance. Stop loss is at 0.85415 which is a pullback support that aligns under...
Hello,Friends! EUR/GBP pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.865 area....
😇7 Dimension Analysis - Daily Time Frame: Identifying Potential Reversal Opportunities 1: Price Structure: Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, but weakness is evident with an inverter hammer and a doji candle formation. Inducement is completed, and the price has changed its character. A liquidity sweep...
After last week this pair shows a strong bullish, next week there is a possibility of a bearish correction with a target in the SR Flip area where the area is parallel to the Fibo Retracement notation 0.382. the possibility of a strong price will go to the area before continuing the bullish trend again
OANDA:EURGBP Price dance and played off of the 4H OrderBlocks very well. Will it test this level again? Or find new OB's below?
This is full market analysis and breakdown on EUR/GBP. Kindly share, like and give your comment.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86350 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86350 support and resistance zone. Trade safe, Joe.
EUR/GBP BEARISH CONTINUATION Euro zone fundamentals weaken: Technical recession confirmed, inflation data improving which helps build a case for a more dovish ECB to come Markets anticipate another 100-bps worth of tightening from the BoE this year as inflation is way too high still at 8.7% EU FUNDAMENTALS ARE LIKELY TO EMBOLDEN ECB DOVES Downward revisions to...
If we get a minor descent in the opening hours or days of W30, it would be the good opportunity to long the market after the half year downtrend. DISCLAIMER NOTICE! This is only my opinion and not a kind of financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price some time traded near support level, which coincides with support area. And after price declined below theirs, then bounced up, but soon fell back. Next, price made upward impulse to next level, which coincided with resistance area, and then...