EUR/GBP is falling towards a pullback support and could potentially break under this level to drop lower. Sell entry is at 0.85893 which is a potential breakout level. Stop loss is at 0.86350 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 0.85628 which is a pullback support. High Risk...
Hi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price some days ago traded near the resistance zone, which coincided with the resistance level and even made a fake breakout, after which EURGBP rose to the trend line. Then price rebounded and made a strong impulse down until below the support zone, thereby...
EURGBP - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long EURGBP Entry - 0.8604 Sl - 0.8591 Tp - 0.8653 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: SELL Comment: In our extreme trading idea for gold , we assumed growth from current prices (at the 2020 level). However, as we previously assumed in our trading ideas, there is a high probability that 2024 will start with a strengthening of the US dollar. Taking into account the review of the situation, we are forced to consider...
Preferred direction: SELL Comment: The British pound is also being considered for sell as part of the overall strengthening of the US dollar in early 2024. Here, at the moment, we are working on scenario 1 , which we set for ourselves in the previous trading idea. However, we cannot exclude scenario 2 (updating the maximum at the level of 1.28000 ) and we...
Preferred direction: SELL Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar . For this currency pair, we also now fully adhere to sell-priority. During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000 . Technical analysis supports this idea, and...
Dear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal...
On Tuesday's session, the FX:EURGBP was observed at 0.8605, experiencing slight gains of 0.15%. Following two days of declines and encountering robust support at the 0.8600 level, bears took a break. Despite this, the daily chart still presents a neutral to bearish outlook, and this bearish tilt remains apparent in the four-hour chart as well. The indicators on...
Monthly Structure Analysis for EURGBP OLHC (Buy Setup) Examining the initial monthly structure for the year 2024 of the EURGBP currency pair in the daily timeframe reveals a distinctive OLHC pattern (Open, Low, High, Close), indicating an optimal Buy Structure. Currently, we are anticipating a TDI cross ❎ to validate the presence of buyers in the market. Upon...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I expect price to reject from trendline + 0.618 FIBO level + institutional big figure 0.86000. Like, comment and subscribe to be in touch with my content!
With the start of week looking GBP BULLISH, then we would expect EUR/GBP to come under pressure. The price of EUR/GBP has hit the 50 day EMA and all the EMA's are headed south so I expect EUR/GBP to follow. Tight STOP just above weekly mid pivot at .8628 area and the target is WS1 weekly support at .8566
Hi guys, It seems that we are entering a good opportunity to sell GBPJPY again. The above resistance is 185-185.5 So we sell it on 185.2 with SL 187.2 and the our take profit is 175. Be successful
The EURGBP has shown a downward trend, with its current movement suggesting a retracement. There might be a chance for a potential short trade if it retraces into this 4-hour order block. Remember, this isn't financial advice; it's purely educational content.
My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8694 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8659 My Stop Loss - 0.8714 About Used Indicators: By the very...
Greetings Traders, In today's trading session, our attention is turned towards EURGBP, where we are actively monitoring a potential selling opportunity around the 0.86500 zone. Currently entrenched in a downtrend, EURGBP is navigating a correction phase that brings it closer to the significant 0.86500 support and resistance area. As EURGBP adheres to its...
EURGBP - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long EURGBP Entry - 0.8618 Sl - 0.8596 Tp - 0.8661 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The currency pair is in the bearish trend phase. During the day, the price is consolidating near the support level and is preparing for further decline, as several preconditions point to it: Prerequisites for further decline: 1) Retest of PDL 0.8615 support 2) Strong resistance area. Strong bears in the market 3) EUR looks weaker than GBP on a fundamental...
Hello,Friends! We are going short on the EUR/GBP with the target of 0.864 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅