We're seeing price rise towards a major overlap resistance at 0.8552 which also coincides with a 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and a shorter term 61.8% Fibonacci retracement. It's worth noting that there's a fair bit of bearish momentum too wish the descending resistant line and the bearish ichimoku cloud pushing prices down. A drop...
Preferred direction: BUY Comment: This instrument also moves up, according to our scenario. Now the buyers are going to break out the level of 1.09000 in the "triangle" format. Entry in the direction of the local trend strengthens long positions and gives more confidence in the uptrend impulse. The current buyers' target is at the level of 1.09623. Do not...
Preferred direction: BUY Comment: The last idea worked out perfectly, but do not forget about the prospects that were also said. Growth will most likely not stop there, and now it is expected to approach the next target of buyers to 1.28484. We must not forget about the news background today and tomorrow. It is very unlikely that this will somehow prevent...
I see strong demand areas in front of the price. It is very likely that we will see the price return from these areas Wait...get confirmation...and enjoy trading
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84950 zone, EURGBP is approaching a significant weekly support zone of 0.84950. If bulls are confirmed i would consider 0.87 as a target as it's considered the next major resistance area EURGBP will be facing. Trade safe, Joe.
Dear colleagues, the price is currently in a strong resistance area. I believe that the price will move up for a correction and reach the 50% Fibonacci retracement level (0.85952) Manage your capital correctly and competently! Only enter trades based on reliable patterns!
✅EUR_GBP is going down now But a strong support level of 0.8525 is ahead Thus I am expecting a rebound And a move up towards the target at 0.8565 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Dear colleagues, for the upcoming week, I anticipate only short positions towards the support area of 0.85432. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Preferred direction: BUY Comment: The British is still slowly, but still going to an intermediate level of 1.27695. This level can be said to be the median of the current price range 1.26989 - 1.28484. Just at 1.28484, the current target of the buyer is located. Thank you for like and share your views!
EUR/GBP has continued to strengthen as anticipated, and the price, following the rebound from the previous support level, appears poised for a new bullish move. The main trend of EUR/GBP is currently sideways or range trading, indicating an opportune moment for both buying and selling the pair when it reacts to support and resistance levels. It's important to...
EURGBP got rejected last week on the 1D MA50 turning the 1D timeframe bearish technically (RSI = 42.823, MACD = -0.002, ADX = 20.983). Given the fact that the 2023 pattern is a Bearish Megaphone, we expect a continuation of this downtrend to the LL trendline. We are selling with an initial target on the 0.786 Fibonacci level (TP = 0.84450). ## If you like our...
EURGBP Buy Stop Loss: 0.851 Targets: 0.858 0.860 0.864 0.868 0.880
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled the imbalance and mitigated the bullish order block. Like, comment and subscribe to be in touch with my content!
Hello, my Friends as you see EuroGbp touched the support line again at 0.85590 and I think the maximum potential according to the RSI level (20.8) is 0.86720 I will update my Idea again. please support me with your likes and comments. God bless all of you.
EURGBP has been able to form two reversal patterns in the daily time frame. The first pattern is the Ascending Broadening Wedge , in which the EURGBP has managed to break the lower line of this pattern. The second pattern is the Head and Shoulders Pattern , which was the first sign of the Ascending Broadening Wedge lower line breaking. 🔔I expect EURGBP to...
Preferred direction: BUY Comment: The currency pair continues to trade at the level of 1.09000 and there is no need to wait for changes due to a holiday in the US, in connection with which the US session will be inactive. Despite the not-so-attractive trade for the buyer at the indicated level, the buy-priority remains. Most likely, tomorrow, one need to be as...
The currency pair EUR/GBP is currently edging closer to a significant support level, indicating the potential for a rebound in price and a subsequent approach towards the previous resistance level. This development has caught the attention of market participants who are actively seeking a bullish setup in this particular scenario. As the price of EUR/GBP nears...
EURGBP is making higher lows and higher highs. The market broke and closed above the resistance that became support. The market is pulling back to support and the fibo level, which is the confluence level. We anticipate a pullback and continuation of the trend.