EURGBP is in fine bullish trend and respecting the bullish trendline.
As the price has retraced a bit after recent bullish move and now the pair is trading at support zone.
If this support is holds perfectly it will be nice option for bulls to make another leg up.
What you guys think of it?
Waiting for a retest of 0.66230 to long EURGBP back to 4H swing high at 0.86847
If you agree drop a like and if you have any questions leave a comment :)
Anticipating higher prices on EG.
Looking for price to trend higher before a potential higher timeframe reversal/retracement. Will see how price forms on the lower timeframes near my entry level.
R2F
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we can see the confirmation of AMD Pattern, as for the last couple of days price was in a range and now price manipulated buy side liquidity and rejected from bearish order block, so I expect the distribution lower.
Fundamental analysis: This week on Thursday will be released Bank...
I am expecting a continuous rise for EURGBP has it has tested support already, there is a breakdown trendline and a pullback is made already. So till Monday to see it play out l.
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
The EURGBP long bullish idea is supported by two key technical indicators: DOW breakout and bullish divergence.
DOW Breakout: The EURGBP currency pair has experienced a breakout based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakout in the DOW can potentially impact the EURGBP pair,...
😇7 Dimension Analysis - Daily Time Frame: Identifying Potential Reversal Opportunities
1: Price Structure:
Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, but weakness is evident with an inverter hammer and a doji candle formation. Inducement is completed, and the price has changed its character. A liquidity sweep...
EUR/GBP BEARISH CONTINUATION
Euro zone fundamentals weaken: Technical recession confirmed, inflation data improving which helps build a case for a more dovish ECB to come
Markets anticipate another 100-bps worth of tightening from the BoE this year as inflation is way too high still at 8.7%
EU FUNDAMENTALS ARE LIKELY TO EMBOLDEN ECB DOVES
Downward revisions to...
H4 - Strong bullish momentum.
Higher highs.
No opposite signs.
H1 - Bullish trend pattern.
Until the two strong support zones hold I expect the price to move higher further after pullbacks.
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 see price to reject from bearish order block + institutional big figure 0.86000 after filling the imbalance.
Fundamental analysis: Tomorrow we have news on GBP, will be released yearly...
Hello Traders
EUR/GBP has finalized its long correction phase.
So we expect some sharp moves in EUR/GBP in the next few days.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational...
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled the imbalance and mitigated the bullish order block.
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Swing Trade - EURGBP
EURGBP presents MEGA LONG opportunities.
Weekly Chart
- Price is reaching low curve after so long
- Consider selling only if price breaks the zone (in WHITE Box). However, this analysis focuses on the potential BUY trades due to the FRESH area zone in the Weekly chart
- Buy at fresh weekly demand zone
Daily Chart
- Since there...
