We have 2 positions here.
A buy signal occurs after the price crosses 0.8612 with the probability is 40%.
A sell signal occurs after the price passes and closes after 0.8567 with the probability is 60%.
Hi Traders,
This is my view on this pair for the next few days
#EURGBP
BUY 0.8555
SL 0.8517
TP 0.867
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to...
H4 time frame.
Structure: Descending Channel.
Bias: Uptrend.
Waiting for confirmation of uptrend after break key level and descending channel.
Target is next resistance at 0.87200.
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Wish you all have a good trading day!
I am willing to see a pullback to the broken wedge or channel which we broke lately, and I might enter around 0.382 or 0.5 fib levels, this is a 1.2 risk,reward which is decent.
After sideway with a high ATR, I think EURGBP needs to do something truly huge. Maybe a pump wave or... dump wave? Based the basically to reading the Volume Profile, I think EURGPB has potentially to pump to the 0.868xx area. What is your oppinion. Let's share with me your view and following this trade together.
The British Pound started to lose value against the Euro, just as we predicted. Today, the course left the trading zone and we expect further increases to occur soon. In total, the movement should stretch out all the way above GBP 0.89292 per Euro.
Let’s wait and see!
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly'...
EURGBP
Long Setup
Continuation trade:
👉🏻 Price made another extension on this correction, testing the 78.6% retracement level instead. Impulse move will be seen after a break above this whole corrective channel.
a) Weekly
1. Price is uptrending on the weekly chart as it already touch the 4th point of the trendline.
2. Price was closing with a bull candle with long wick last week.
3. Price broke market structure last 3 months with a huge momentum which is a sign of uptrending and reacted to weekly snr level.
b) Daily
1. Price made a falling wedges as a sign of correction...
EUR/GBP has formed a bullish candlestick in the daily chart in the support level.
I am expecting a big uptrend in the coming weeks in EURGBP.
I recommend buying the dips between 0.8470-0.8510 with SL below 0.8420
and initial TP at 0.8630.
If you are a long-term swing trader, you can target the 0.8850 area once price breaks out
of the 100 day EMA level.
- if you follow this setup, do not overleverage
- do not use more than 1% of your balance
simple and effective:
-speculative setup
-entry piont B - 88.2 fibonacci
-big support zone between S1-M Pivot and S1-Q Pivot
-180 pips SL
-target 1.08590 line 2 trend based fib
-setup could take weeks
-no fast gains
-hold and get paid
-TP +2444 pips
-massive...
There's still room for the pair to go down a bit further, however I expect it not to break long formed downtrend channel, and bounce back up from the edge of the lower channel line. It will require much selling power to get it further down, at the point of which I believe there'll be more buying interests than selling.
The SL is at mid of historical support...
