The price broke a significant trendline and formed a descending triangle from which it is expected to move further downwards, targeting lower support levels. Good trading! If you find it useful, like, follow, share!
Multiple time frame analysis on EURGBP. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
-Bounce Rejection on support level signalling the continuation of the downtrend after profit taking -Entering next negotiation zone -Stop Above the bear candle -Take profit on the opposite zone 2.43 r/r
Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its...
The employment data for the UK turned out positive for the GBP. The number of people in employment increased to a record high in the latest quarter. The GBP appreciated greatly against the EUR today and since its already late, the end of the movement might be here. Retracement back to the mean is expected and as depicted on the chart. However, low activity...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low. Fundamental analysis: Tomorrow we have news on GBP, will be released...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86100 zone, EURGBP is trading in a downtrend and currently is in a downtrend in which it is approaching the major trend at 0.86100 resistance zone. Trade safe, Joe.
After Friday's break under the recent low, EurGbp reversed yesterday leaving a strong bullish engulfing on our daily chart exactly in 0.8550 zone support. This bullish engulfing could be an indication that more gains are coming and the target for bulls could be 0.8720 resistance. In the case of a new low, this outlook is negated.
Hello traders ,what do you think about EURGBP? After reaching the support zone and bottom of channel , this pair is placed in a low risk zone for buying. We expect it to grow to the specified level. If this post was useful to you, do not forget to like and comment.❤️
EURGBP looks very oversold after a selloff last week. The price was consolidating within a narrow horizontal range and violated its upper boundary early in the morning. It signifies that a correctional movement is coming. Goals will be 0.8565 / 0.8576 ❤️Please, support my work with like, thank you!❤️
Before explaining everything we all should know that there is liquidity sitting below every swing point of any given chart pattern and in order to move, the market needs to grab the swing point liquidity first. It can take years to make a move to start taking all the liquidity. The cross marks are the swing low liquidity points that are yet to be taken by the...
Shorting EURGBP to the next available draw on liquidity. A potential 300 pips ROI. A standard lot should run on a $3k profit. Let's see how price fair from here.
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.859 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows especially with current BoE hawkish sentiments. Trade safe, Joe.
This week, the financial regulator SEC launched an attack on the cryptocurrency industry, suing the Binance and Coinbase exchanges, while classifying a number of popular coins as securities. As a result, since the beginning of June: → the price of bitcoin decreased by approximately 2.2%; → the price of Ethereum decreased by approximately 1.8%; → the price of BNB,...
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...
EURGBP touched demand zone and is about to bounce back up. Exit at first supply zone.
2023-2024 Exchange Rate Forecasts From MUFG Pound Sterling: BoE Forecasting Errors Increase GBP Risk Profile MUFG has significant reservations surrounding the Pound outlook. As far as inflation is concerned, it sees significant risks over the medium-term implications. It notes; “The sense that the UK has a bigger inflation problem is creating downside risks...
The pair has shifted from a DownTrend to making new HH and HL's. A Bullish Harmonic Pattern with a clean Bullish Flag can also be observed giving us a confirmation of a future upside.