Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price bounced from declined $0.8600 level, which coincided with resistance area and decline to support level. Then British Pound at once bounced and made strong upward impulse higher of resistance level but soon fell below. After this, price rose...
Zone still looks strong enough to be broken, price movement still allows for further decline. However, if the area at the price zone 0.8567 is broken, there is a stronger possibility for bullish presence. Trade Active with 1:3 RR ratio
Preferred direction: BUY Comment: The British pound showed only a small stop at the round level of 1.30000. In our last idea for this trading instrument, we considered the entry point to a long position at this level. However, buyers did not even let us figure out what was happening. The next significant stop is likely to be at the level of 1.31941, this daily...
The price tested a strong resistance zone and the selling pressure may increase very easily near that zone considering also the bigger picture. Thank you and Good Luck
Hello,Friends! EUR/GBP pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.849 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
M Formation on a large scale has formed. We had the price break below and then retest the pattern once again. Thing is we haven't had the price break above the downtrend as of yet. This means, the bias does remain bearish but anything can change if the selling doesn't continue. 200>21>7 (bearish) RSI<50 (Lower highs) Target -0.8200 SMC (Buy Side Liquidity...
there is a high chance that price will reverse still not jumping on the trade until i feel the presence of the agressive sellers keeping an eye on it
Preferred direction: Neutral Comment: The long-awaited level of 1.30000 has been reached and now most likely we should expect a stop from the buyers. A downward correction is also in question. It takes some time to watch the price. The formation of a balance is now most likely. Thank you for like and share your views!
The analysis of the EURGBP chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85150 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 0.85150 support and resistance zone. Trade safe, Joe.
EURGBP is breaking the descending triangle support and at the same time forming a retest of the previously broken boundary. Global trend, 0.85220 resistance plays a key role TA on the high timeframe: 1) A break of flat support defines a new path for price. A channel to 0.84600 is opened 2) Price is in the liquidity zone. The resistance level at 0.85220 may form a...
Hello,Traders! EUR-GBP is trading in a Downtrend and now we Are seeing a bearish Breakout so I think that The pair will keep falling Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred direction: BUY Comment: The British has also been trading above the levels of buyers (1.28484), that contributes to further upward movement of buyers. The long-awaited target for buyers is the round level 1.30000. A rollback to 1.28484 is unlikely, and certainly not desirable for BUY-deal. Thank you for like and share your views!
Preferred direction: BUY Comment: The European currency had been trading above the level of 1.09623 and despite the intraday downward corrective movements, the BUY-priority for the instrument remains. There are suggestions that the instrument is going to re-test the level 1.09623. This maneuver is not a positive signal for buyers, since the currency pair...
M Formation has been in the making since 19 August 2022. The price then broke below the neckline, restested and is now showing a ton of downside to come. We have other indicators showing bearishness. 200>21>7 (bearish) RSI<50 (Lower highs) Target -0.8200 SMC (Buy Side Liquidity Order Block is clearly shown (green box) Smart Money sells into positions (and...
EURGBP 30m time frame demand level offering a risk profile of 4.5 R
Preferred direction: BUY Comment: The general local trend against the dollar, of course, also affected the EURUSD currency pair. Having broken through the level of 1.09623, as we expected, within the framework of the near re-test, the price will most likely continue to grow towards the level of 1.10677. Thank you for like and share your views!
Hello Traders, I just want to bring this trade outlook to your notice. Price recently swept the buy-side liquidity and created sell-side liquidity. With the current bullish rally, the price is approaching a daily FVG. If the FVG will hold and the price shows a CHOCH in the 1-hour timeframe, I would take a short trade to hunt the sell-side liquidity as drawn in...