EUR/GBP โCHUNNELโ Breakout Setup โ Will the Bulls Take Control?๐ฏ EUR/GBP "CHUNNEL CHASE" | Breakout Setup in Play! ๐๐จ
๐ ASSET OVERVIEW
Pair: EUR/GBP (The Chunnel Express)
Market: Forex
Strategy Type: Swing/Day Trade
Bias: Bullish Breakout Scenario
๐ช THE SETUP (Thief Style - Trade at Your Own Risk!)
๐ Entry Zone:
Post-breakout entry available @ 0.87300
Wait for confirmation before jumping in - no FOMO trades!
๐ Stop Loss:
Conservative SL @ 0.86900 (-40 pips)
Note: This is MY stop level. Adjust based on YOUR risk tolerance and account size. Risk management is YOUR responsibility!
๐ฏ Target Zone:
TP @ 0.87800 (+50 pips)
We're eyeing strong resistance + potential overbought conditions. Lock profits as we approach - don't get greedy in the trap zone!
โ ๏ธ Risk/Reward: ~1.25:1 (Manage accordingly!)
๐ TECHNICAL BREAKDOWN
The EUR/GBP is setting up for a potential bullish continuation after consolidation. Key resistance at 0.87800 represents a critical decision point where price action has historically reversed. Watch for:
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Clean breakout above 0.87300 with volume
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Bullish momentum continuation
โ ๏ธ Overbought signals near target (scale out strategy recommended)
โ ๏ธ Bull trap risk at resistance - don't overstay your welcome!
๐ RELATED PAIRS TO WATCH (Correlation Game)
Keep an eye on these correlated assets to confirm the move:
๐ท FX:GBPUSD - If Cable strengthens, EUR/GBP faces headwinds
๐ถ FX:EURUSD - Euro strength here supports our bullish thesis
๐ TVC:DXY (US Dollar Index) - Inverse correlation - watch for dollar weakness
Correlation Key Point: EUR/GBP moves are often driven by diverging monetary policies between the ECB and BoE. Watch central bank commentary and UK/EU economic data releases!
โก KEY POINTS & GAME PLAN
Wait for Breakout Confirmation - Don't anticipate, participate!
Manage Risk First - Position size according to your account rules
Scale Out Strategy - Consider taking 50% profits at 0.87600, let the rest run
Trail Your Stop - Once in profit, protect your gains
Watch the Trap - Resistance zones are notorious for fakeouts
๐ข FINAL THOUGHTS
The Chunnel Express is revving up! EUR/GBP showing signs of bullish momentum, but remember - the market doesn't owe us anything. Stay disciplined, manage risk, and let the probabilities play out.
Good luck, Thief OGs! May the pips be ever in your favor! ๐ฐ๐ฅ
โจ If you find value in my analysis, a ๐ and ๐ boost is much appreciated โ it helps me share more setups with the community!
#EURGBP #ForexTrading #BreakoutStrategy #SwingTrading #DayTrading #TechnicalAnalysis #ForexSignals #ChunnelTrade #PriceAction #RiskManagement #TradingIdeas #ForexCommunity #BullishSetup #GBPEUR #ForexStrategy
๐ช Remember: This is a thief-style trading idea for educational purposes only. Trade responsibly and never risk more than you can afford to lose!
Eurgbpsignals
EURGBP Shifting to long-term Bearish.The EURGBP pair gave us a very efficient Channel Up buy signal last time (July 11, see chart below) that quickly hit our 0.87400 Target:
That pattern then broke and now we shift back to the longer term dynamics of the market as the trend is shifting from bullish to bearish. The strongest bearish indicator at the moment is the 1D RSI which has been on a Lower Highs Bearish Divergence for months, in contrast to the pair's Higher Highs.
The build up pattern to this (Channel Up into Channel Down following a 1D RSI Bearish Divergence) is similar to the 2022 - 2023 sequence. That fractal turned into a Channel Down following the first Lower High that initially formed a (temporary) Low marginally above the 0.618 Fibonacci retracement level.
As a result, we shift to long-term bearish on the EURGBP pair, targeting 0.84500.
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The Chunnel Escape Route โ EUR/GBP Breakout Strategy!๐ต๏ธโโ๏ธ๐ถ๐ท EUR/GBP "The Chunnel" Forex Bank Heist Plan ๐ฃ๐ช
Dear Money Makers & Robbers, ๐ฐ๐ญ
Tonightโs mission is set on EUR/GBP โ โThe Chunnelโ route. Weโre planning a Bullish Heist ๐ with a slick layering strategy. Follow the steps, stay sharp, and escape before the cops (market reversals) catch us. ๐๐จ
๐ Entry Plan (Breakout & Layers)
Main Entry: Breakout @0.86700 โก
Thief Layer Entries:
0.86700
0.86600
0.86500
(Add more layers if youโve got the guts, but confirm after breakout!)
๐ Set your alarm in TradingView to catch the breakout ๐ โ thieves never miss the moment.
๐ Stop Loss โ The Thiefโs Safety Net
This is the Thief SL ๐ชค @0.87000 (adjust based on your own heist plan & risk).
โ ๏ธ Rule: SL only AFTER breakout, never before. Donโt trip the alarm too early.
๐ฏ Target โ Escape Point
Target: 0.87300 ๐ฏ
๐ ATR line = police barricade ๐๐ง, so grab your loot and vanish before the chase begins.
๐ดโโ ๏ธ Notes for the Crew (Thief OGs)
Strategy = Multiple Limit Orders (Layering) ๐
Trade with discipline & timing, not emotion.
Adjust SL & layers to your own style.
๐ If you vibe with this Thief Heist Plan, hit the Boost Button ๐ฅ to fuel our robbery crew ๐๐ต.
Stay tuned, another heist drops soon ๐ถ๏ธ๐ค.
#EURGBP #ForexHeist #ThiefTrader #LayeringStrategy #ForexTrading #SwingTrade #DayTrade #ForexSignals #BreakoutStrategy #MoneyHeistFX
EURBGP Sell this Leg and buy at the bottom.Last time we took a look a the EURGBP pair (July 11, see chart below), we gave a buy signal inside the Channel Up, which quickly hit our 0.87400 Target:
This time the price has found itself on a decline, the latest Bearish Leg of the Channel Up. The previous two declined by -2.75% before bottoming and reversing. The 1D RSI Higher Lows can be an additional indicator as to where the Low can be priced.
We expect the pair to reach at least 0.85500 before starting the new Bullish Leg, which we believe will extend all the way near the top (1.0 Fibonacci) of the Channel Up. Our Target will be 0.8900.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURGBP Perfect Channel Up giving one more buy opportunity.Last time we looked at the EURGBP pair (May 30, see chart below) we gave the most timely buy signal right at the bottom (Higher Lows trend-line) of the Bullish Megaphone, and the price is only a few candles away from the 0.87400 Target:
If we look at the price action from a 4H perspective we can see that it is a Channel Up that has been driving the pair upwards since the May 28 bottom and today's rebound is taking place after a direct hit on the 4H MA50 (blue trend-line).
This is the start of the new Bullish Leg. Since the previous two have increased by +1.90%, this rally has the potential to even exceed our 0.87400 Target marginally. Still, this is a perfect bullish set-up.
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EURGBP Megaphone bottom. Strong buy opportunity.The EURGBP pair is trading within a Bullish Megaphone since the start of the year. For the past 2 weeks it has been ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line).
This is technically the bottom formation of the pattern on its new Higher Low, as the 1D RSI has been printing the same sequence as February's which priced the previous Higher Low.
We are expecting at least a Resistance 1 test at 0.87400.
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EUR/GBP "The Chunnel" Forex Bank Heist Plan (Scalping/Day Trade)๐Hi! Hola! Ola! Bonjour! Hallo! Marhaba!๐
Dear Money Makers & Robbers, ๐ค๐ฐโ๏ธ
Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the EUR/GBP "The Chunnel" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk YELLOW MA Zone. It's a Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. ๐๐ธ"Take profit and treat yourself, traders. You deserve it!๐ช๐๐
Entry ๐ : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries.
Stop Loss ๐:
๐Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (0.85400) Day/Swing trade basis.
๐SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target ๐ฏ: 0.84000
๐ฐ๐ต๐ธEUR/GBP "The Chunnel" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.๐๐๐
๐ฐ๐๏ธGet & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets and Overall outlook score..., go ahead to check ๐๐๐๐๐๐๐๐บ
โ ๏ธTrading Alert : News Releases and Position Management ๐ฐ ๐๏ธ ๐ซ๐
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
๐Supporting our robbery plan ๐ฅHit the Boost Button๐ฅ will enable us to effortlessly make and steal money ๐ฐ๐ต. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.๐๐ช๐คโค๏ธ๐๐
I'll see you soon with another heist plan, so stay tuned ๐ค๐ฑโ๐ค๐ค๐คฉ
EURGBP Technical Setup: 1:3 R:R Opportunity on RetestAfter the drop to 0.8250 โ a level not touched since 2022 โ EURGBP rebounded to 0.8450 before starting another decline.
However, the 0.8250 support held firm once again, a higher low follow, and EURGBP eventually broke above 0.8450, confirming a double bottom pattern.
Price acceleration quickly took the pair above 0.8700, and now EURGBP is undergoing a normal correction.
The broken neckline at 0.8450 now acts as clear support.
Traders could look to buy near the 0.8450 retest, using a tight stop below the neckline, and aiming for at least a 1:3 risk-reward ratio.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
EURGBP: Gap is Going to Be Filled! ๐ช๐บ๐ฌ๐ง
I see a nice gap up opening on EURGBP.
After a strong up movement, the pair finally
leaves strong bearish clues.
I see a bearish breakout of a neckline of a head & shoulders pattern
on an hourly time frame after a test of a key intraday resistance.
It looks to me that the price is going to drop and fill the gap.
Goals: 0.8582 / 0.8567
โค๏ธPlease, support my work with like, thank you!โค๏ธ
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP 4H Channel Down topped. Drop expected.The EURGBP pair has been trading within a Channel Down pattern below its 4H MA50 (blue trend-line) since the February 12 High. Technically that pattern is similar to the Channel Down of late January, which saw an accelerated decline after it failed to break above the 4H MA50.
We expect the pattern to complete a similar -2.18% decline and target 0.81750.
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EURGBP Channel Down sell signalThe EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High.
Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750.
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EURGBP Channel Down but short-term rebound expected.The EURGBP pair is trading within a 1-year Channel Down pattern since the November 16 2023 High. Three days ago the price made a Lower Low at the bottom of the pattern and rebounded. This was also on the 1.618 Fibonacci extension level, which based on the previous Bearish Leg, has high probabilities of sustaining a Bullish Leg.
Assuming the symmetry with January - April 2024 holds, we turn bullish now on this pair, targeting the 1D MA200 (orange trend-line) at 0.84375.
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EURGBP Will the Support hold?Great signal out of the EURGBP pair last time we analyzed it (June 25, see chart below), as the price hit and even surpassed our 0.8550 Target:
Following that High, the pair collapsed and is about to test Support 1, which technically is Lower Lows region for the long-term Channel Down. As long as the 1D RSI Higher Lows trend-line holds, we will look for a buy on Support 1 and target the 0.618 Fibonacci extension at 0.8530.
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EURGBP Overbought RSI, buy opportunity.The EURGBP pair hit on June 14 the bottom (Lower Lows trend-line0 of the 7-month (dashed) Channel Down and is on the rebound. At the same time, the 1D RSI got oversold (below 30.00) and every time it did so in the past 12 months, it started a strong bullish reversal.
More specifically the previous Bullish Leg of the Channel Down reached the 0.618 Fibonacci retracement level to form its Lower High. As a result, we turn bullish on this pair, targeting 0.85500 (0.618 Fib).
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EURGBP Excellent short-term sell signalThe EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below):
We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached (and is so far holding) its 4H MA50 (blue trend-line).
The last similar Bearish Leg reached at least the 0.618 Fibonacci retracement level before rebounding. As a result we have now a rough sell Target at 0.85635 (Fibonacci 0.618) but we will close earlier if the RSI hits the Buy Zone before the price hits the Target.
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EURGBP Consolidating before a sell.The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the bearish leg enters its 2nd phase.
The 1D RSI got oversold though on December 01 and rebounded back above the 30.00 barrier, which aso explains the consolidation since, but be aware that if the 1D MACD completes a Bullish Cross, it will be time to buy and target the 1D MA50. Until then, we are bearish, aiming for a usual (since June 2022) -4.18% decline from the recent Lower High at 0.8400.
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EURGBP Buy extension signal within the Channel Up.The EURGBP pair has been trading within a 2-month Channel Up pattern, with the current bullish leg rebounding on the 1D MA50 (blue trend-line) and even recently establishing the 1D MA200 (orange trend-line) as the latest Support.
With the 1D MACD on a Bullish Cross since the 1D MA200 break-out, we expect the rally to continue until 0.8000, which represents a new Higher High on a +2.14% symmetry with the previous rise, just above the 0.618 Fibonacci retracement level.
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EURGBP Target 1 achieved. Sell again.The EURGBP pair gave us a solid sell signal (1D RSI breaking the Higher Lows) on our last call (August 03) and has already hit our first target (see chart below):
The pattern remains a Channel Down since the February 03 High, maintaining the bearish trend unless the 1D MA200 (orange trend-line) breaks. It is also possible to see a transition to a Rectangle (Resistance 1 and 1D MA200 the top). Until the Channel Down breaks though, we are opening a 2nd sell on the current market price. The target remains 0.84100 (Support 2).
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EURGBP Wait for a higher sell entry.The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that opportunity to sell and target initially Support 1 (0.85050) and then Support 2 (0.84100) in extension.
A good sell confirmation signal can be when the 1D RSI breaks below its Higher Lows trend-line, followed by a rejection on the 1D MA50 as a Resistance.
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EURGBP Forming the first 1D Death Cross since January 2021!The EURGBP pair is completing today the first Death Cross on the 1D time-frame since January 21 2021. That is a strong long-term bearish signal on its own. On the short-term though, the price just hit the bottom of its 5 month Channel Down, while the 1D RSI, which is also on a Channel Down, hit its own bottom while turning oversold (below 30.00) for the first time since March 10 2021.
As a result, we've opened a buy on EURGBP, expecting a +1.69% rise, targeting the top of the Channel Down at 0.87150. If however the price closes below Support 1 (0.85475), then the selling pressure due to the 1D Death Cross will most likely pile up and we will turn bearish instead, targeting Support 2 (0.84100). The R/R ratio on this action plan is very favorable.
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