EURGBP Weekly trade setup lets see wait for confirmation supply retest or demand retest i will update when confirmation any coming
Hi Traders, EURGBP is setting up for a bullish reversal as price is moving within a LTF descending channel at the bottom of the HTF boundary. Wait for a Reversal Impulse and continuation before placing a buy order. Follow your trading plan and entry criteria. Share your analysis below and let me know your view on this pair. Click the like button if you agree...
Since the beginning of 2022, EurGbp has tried to drop under 0.83 on 5 occasions and each time reversed. A bottom can be in place for this pair and a rally to 0.85 resistance can follow. In my opinion, dips should be bought with that target in mind and only a clear break under 0.83 would change my bullish opinion
EUR-GBP has retested the support block From the descending and horizontal support levels at 0.83150 We are already seeing a bullish reaction And I think that the pair will now rise to resistance areas 0.84700
Massive support has been reached and respected since December 2019 and looks like a double bottom will be formed. Stoch is showing oversold on the 4hr chart. I will expect price to move towards 0.84141 to previous resistant pivot level.
Price broke out of the Trendline Price has retested the critical level
Eurgbp daily time frame time-reversal we expect bullish now for some days we need to wait for break in H4 LH then we enter long
In my previous EurGbp analysis I said that 0.83 should be strong support for the pair and, after a very short dip under this level, EurGbp has reversed strongly, leaving a large Bullish Engulfing on our daily chart. This very well can be the start of a medium-term uptrend for the pair and 0.87 can be bulls target. Dips under 0.84 should be bought and only EurGbp...
Price has broken out of the trendline Price has created a Low and High Price has retest the order block creating a HL
eurgbp ready to pullback are you ready ? market breakout strcutre on h4 now we confirm in m15 market break the structure we expecting now bullish move
4h -Structure : Bullish -Level : Above support -Fibonacci level : 0.5 - 0.6 1h -demand zone - waiting for retest and signal to LONG
Hello traders. With the break of the level of 0.836 and the tightness of the price at the bottom of the channel, expect long-term growth for this pair. Be profitable.
Here is my view for EURGBP on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Potential Short/Sell on EURGBP Inverse Head & Shoulder has been formed Together with Falling Wedge Pattern
Potential Bullish movement to the upside Price has broken out of the falling wedge pattern We will look to take long positions once it breaks the resistance level @0.83550 Our TP1 would be @0.84480 Our TP2 would be @0.85450
Here is my view for EURGBP on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is my view for EURGBP on H4. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
December has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips. At this moment the pair is approaching very strong support and we can have at least a correction from that point I'm looking to buy this pair and with a target of around 0.8450 A break of support would negate this scenario