Eurgbp has been showing signs of low buying pressure so i gave gave you guys that trading idea yesterday 2 days ago and the rest is explained in the video lol enjoy
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price...
OANDA:EURGBP has been consolidating for a while now it has broken recent resistance level with strong bullish momentum. It is currently retracing to fib 75% level where we can look for buying opportunity up to recent highs.
Let's thoroughly analyze this currency pair on the final day of the week to potentially open positions once the market resumes activity. 📊💰 In higher time frames, many currency pairs are currently consolidating without a definitive trend, but lower time frames reveal promising trends.🎯🕰️ On the daily timeframe, whenever we approached the downtrend line,...
EURGBP / 1D Greetings, traders! Welcome back to another market analysis. EURGBP pair has been trading in a Bearish trend within a larger trading range, the price is showing evidence of a pull-back mode so far. Therefore, I'll be looking to get on a pull-back trade here to close the GAP. Trade safely, Trader Leo
Hey 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.
Pair : EURGBP ( Euro / British Pound ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Fibonacci Level - 61.80%
Confluences for a this buy setup are displayed in the image already. Took a buy order for this trade already based on one hour bullish engulfing candle. Let me know your thoughts on this trade and kindly give me a boost and follow if you love my analysis, you can take a tour on my page to also check out other analysis.
Based on the HH & HL, plus the parallel channel, looking to go long if the previous HH is crossed.
Going Long based on - HH & HL - Parallel Channel Looking to take entry on Fib Level
Preferred direction: SELL Comment: As part of the upcoming weakening of the American currency in the medium term, one of the most promising currency pairs for such a trade is USDCAD . The fall is considered towards the level of 1.35000 , target №2 - 1.34000 . The more likely scenario №1 still assumes a preliminary update of the maximum, that is, a...
EURGBP broke the previous Lower High and printed a series of Higher Highs and Higher Lows suggesting a Bullish Shift. Using the Fib Retracement tool, the Entry Price along with Stop Loss and Take Profit Levels are suggested.
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 downward direction. ❤️ Please, support our work with like & comment! ❤️
Welcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 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 0.85500 support and resistance area. Trade safe, Joe.
EURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending...
Preferred direction: BUY Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2) . Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected. Scenario №1 is a higher priority, but a potential short-term weakening and fall...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8561, which is a pullback resistance that is close to the 38.2% Fibo retracement. Our take profit will be at 0.8531, a multi-swing low support level. The stop loss will be placed at 0.8585, a multi-swing high resistance level High Risk Investment Warning Trading...