Hello traders, we want to check the EURGBP chart. The price has reached the specified support level after moving in a descending channel. We expect this level to stop the downward trend of the price and the price will grow to around 0.85650. Good luck.
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
Regarding the previously posted EURGBP trade idea, this video provides an explanation of the thought process behind considering this trade opportunity. On the 1-hour timeframe for the EURGBP currency pair, the price has broken through the established structure to the downside. We can observe the formation of lower highs and lower lows, indicating a potential...
The EURGBP on the 1H time frame has broken structure to the downside we can see lower highs and lower lows and we're looking for an entry short on the retrace targeting previous lows as shown on the chart markup. For educational purposes only, not financial advice.
EUR-GBP is making a bullish Rebound towards the horizontal Resistance level of 0.85686 And after the retest I believe We will see a bearish correction !
EURGBP pulled back to resistance and 38.2% fibo levels following a massive sell-off. Price move is in the descending channel, indicating the bear's dominance. We anticipate a bearish move since the trend is bearish. It's a simple pullback trade from the reaction zone. ------------------- Share your opinion in the comments and support the idea with like....
EURGBP is making higher lows and higher highs, with bulls pushing the price higher. The market broke through the descending channel. Price printing AB=CD pattern where D point completes right at 141.4% fibo extension level. We anticipate a pullback to support and continue the trend. ------------------- Share your opinion in the comments and support the idea...
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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
EURGBP is approaching a major resistance level and dynamic resistance. Price is in a bearish trend, and it's pulling back against the major trend. The market printed a bearish harmonic pattern, which adds more confluence to the level. We anticipate a sell off and bearish move. ------------------- Share your opinion in the comments and support the idea with...
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...
EURGBP is consolidating, and probably it is about a sell-off. Price move is in the descending channel. making lower lows. The market is printing a potential AB=CD pattern, and recently it made a sharp move, which is AB leg. We anticipate a compression channel breakout and retest of the support level as well as a Fibo extension...
On Tuesday's session, the FX:EURGBP was observed at 0.8605, experiencing slight gains of 0.15%. Following two days of declines and encountering robust support at the 0.8600 level, bears took a break. Despite this, the daily chart still presents a neutral to bearish outlook, and this bearish tilt remains apparent in the four-hour chart as well. The indicators on...
The EURGBP has shown a downward trend, with its current movement suggesting a retracement. There might be a chance for a potential short trade if it retraces into this 4-hour order block. Remember, this isn't financial advice; it's purely educational content.
EURGBP broke and closed below the support level; breaking the channel, and it will most likely go down further. The market made a sharp move down from the resistance level on the D chart. We expect a breakout pullback and continuation price action. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
🕛 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...
EURGBP makes higher lows and higher highs. It bounced off the daily support level. The market broke and closed above the resistance that became support. Price also broke the consolidation zone that will act as support. We anticipate a pullback to support and continue the trend. ------------------- Share your opinion in the comments and support the idea with...
Here is my analysis for EURGBP on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP pulled back to resistance, then made a massive sell-off. Price move is in the ascending channel, and it's printing an AB=CD pattern. We anticipate a bearish move from the psychological level at 0.87000 and a retest of the support since the market is consolidating. ------------------- Share your opinion in the comments and support the idea with like....