Price will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe.
However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe.
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. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Tomorrow we'll see results of yearly CPI on GBP
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FX:EURGBP Hello friends, I have identified the formation target, entry zone, and stop level on the chart.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
I see eurgbp now in a weekly support after long bearish movement i think the price will go up from here
🔼 EURGBP - BUY NOW - 🔼
AT : 0.8520
❌SL : 0.84533
✅ TP 1: 0.85702
✅ TP 2: 0.85942
✅ TP 3: 0.86235
✅ TP 4: 0.86602
⚠️VERY SMALL LOT SIZE THIS IS LONG TRADE SO SL IS BIG⚠️
GOOD LUCK TO EVERYONE ❤️
Pair : EURGBP ( Euro / British Pound )
Description :
BEARISH CHANNEL as an Corrective Pattern in Long Time Frame
Completed Impulse Correction Impulse
RISING WEDGE as an Correction in Short Time Frame and Rejection from Lower Trend Line
BREAK OF STRUCTURE and Completed the Retracement at Demand Zone
We expect a reversal to the upside on this pair, signalled by the descending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
EURGBP exhibits a positive technical outlook with a double bottom formation, signaling potential bullish momentum. Look for a bullish entry point after a breakout from the falling wedge pattern, confirming a favorable trend reversal for strategic trading opportunities.
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. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.86000.
Fundamental news: On Thursday will see results...
Hello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
EURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these...
Hello Traders, here is the full analysis.
I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your...
I am taking this long scalp trade. I see a bullish divergence on H1 and H4 tf. Actually is trying to break out from H1 trendline, if it can retest it and hold, we could see the target reached in some hours. I reccomend to put stoploss at break even if we get at least 15 pips of profit
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I expect price to reject from trendline + 0.618 FIBO level + institutional big figure 0.86000.
Like, comment and subscribe to be in touch with my content!
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
🕛 TOPDOWN - Navigating a Sideways Consolidation
Overview: This pair has been trading in a sideways range between 0.9501 and 0.8260 since 2017, establishing a considerable consolidation area. The monthly chart reflects a vast consolidation region, making it one of the most consolidated pairs in forex, lacking a clear direction. On the weekly chart, after forming a...
Hello trader’s what do you think about Eurgbp) ?
Eurgbp if breakout trend lines bake a double top retest support levels Same ifberakdown support levels
go bake resistance levels so waiting a breakout)
key levels .086233)
key levels .086615)
key levels .086932)
