OANDA:EURGBP has given a strong upside breakout from previous 4 weeks range. It has been retracing towards fib 50-75% levels where we can look for buy side setups.
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block.
Like, comment and subscribe to be in touch with my...
Hello Traders, I hope you doing great.
for upcoming week, we'll have two option.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
if this post was helpful to you, please like and share.
MARKET PHASE
OANDA:EURGBP is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure...
Confluences for a this buy setup are displayed in the image already.
Took a buy order for this trade already based on one hour bullish engulfing candle.
Let me know your thoughts on this trade and kindly give me a boost and follow if you love my analysis, you can take a tour on my page to also check out other analysis.
EURGBP broke the previous Lower High and printed a series of Higher Highs and Higher Lows suggesting a Bullish Shift. Using the Fib Retracement tool, the Entry Price along with Stop Loss and Take Profit Levels are suggested.
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...
Hello Traders!
I'm looking for a long trade on EURGBP. I see that FVG is partially closed, I expect it to be fully closed and after that, I will look for a long entry in case of confirmation.
Also, it could be a good opportunity to look for long trades in a smaller timeframe.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share...
EURGBP pair has experienced a bullish trend in the 4-hour timeframe following a breakout above a significant resistance level. The correction phase, completing 50% of the last impulse, suggests strong upward momentum. With the completion of the Elliott 4th wave, the price is now advancing towards the next resistance level, potentially marking the conclusion of the...
D1 - Price is bouncing higher from a key support zone.
Bullish divergence.
H4 - Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further in the short term after pullbacks.
There has been a reaction to the downward trend, but there is weakness in the correction and as a result, the power to rise. The targets have been identified
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...
The EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase.
Key Points:
Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the...
Pair : EURGBP ( Euro / British Pound )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Consolidation Phase
Completed " 12345 " Impulsive Waves
The price moving near 0.8546. As mentioned in the price chart order block area is good for buying which is near 0.8510. If the price respects this zone and makes a bullish price action structure then initiate long positions.
Good Luck.
I've just gone LONG on this pair for the following reasons.
We've hit WS1 support pivot level and price is now moving away from it.
RSI on H1 was under 30 and now its reading 35.45.
MACD is still lagging behind but the BEARS strength has reduced significantly.
The Andean Oscillator was at zero and has now move away from zero with a reading of .00008.
Price has hit...
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block.
Fundamental news: On Thursday we...
