Analyzing the EUR/GBP 1-hour chart provided:
Pattern Recognition:
- The chart shows a recent decline from the 'Premium' level, indicating a resistance zone.
- The price is currently approaching the 'Equilibrium' level, which may act as a short-term support.
- A series of lower highs from the 'Weak high' suggests a potential downtrend in the making.
Trading...
The sentiment from central banks, coupled with softer UK inflation data, suggests a bullish move for EUR/GBP. The technical analysis aligns with this perspective, indicating a potential move towards the 0.8700 handle, especially with the currency pair managing to stay above the 0.8650 level.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/GBP
CURRENT TREND: Bullish
TRADE...
if the price does not fall more than the SnD and can break the bearish trendline, then the trend collapse is confirmed and the pair is heading to a bullish trend. if you see a bullish candle and rejectioan in the form of a doji when the price touches the SnD, this is one indicator of a reversal.
Hi fellow traders, Very good buy opportunity will be there on EURGBP . Let's have some more patience and let this huge WXYXZ corrective structure complete. Goodluck!
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
As long as EUR/GBP Holds Strong support since May, we shouldn't sell before breaking below the 0.8850 price zone. Breaking below 0.8850 Next Target 0.8700.
Since August EUR/GBP Falling From Descending Channel. Only Breaking Above 0.9020 will lead to buying. next target 1: 0.9140 and Target 2: 0.9240
EURGBP is below a strong weekly resistance and created a very weekly bearish candle.
my view is sell. after it breaks the upward trendline on H4. or it might create H&S or Double top before it falls.
EURGBP is at the critical resistance area around 0.9075
The first impulsive move up is completed followed by the correction. At present, it's creating the second leg up.
The Fibo Extn. 100% coincides with the rising channel top at 0.9250 which is the next target once it breaks above 0.9075 and successfully re-tests it as a support.
The two possible variations of...
Why complicated? Trade as simple as AB=CD
HERE'S THE GOLDEN RULE:
* SELL when the price make a new "Lower HIGH"
* BUY when the price make a new "Higher LOW"
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The EURGBP posted a long white candle and the daily candle suggests more upside.
Intraday Update: The EURGBP just hit the 38% retracement and near the 161% extension. As long as .8972 holds, this could be a good reversal level for the pair to move back to .8900.
End of Week Analysis: The EURGBP has rallied back to a confluence of fib levels. The 38% retrace, the...
