The Euro may be readying to push higher against the British Pound in the aftermath of Thursday's Bank of England monetary policy announcement. There, it was revealed that two policymakers seemed further hiking as 'not appropriate'. EUR/GBP has been steadily falling since 2020, with recent months on the premise of a more hawkish BoE compared to the European...
Hey traders, EURGBP is consolidating. The pair is trading within a narrow horizontal trading range on 4H. To catch a bearish move, wait for a bearish breakout of its lower boundary. You need 4H candle close below 0.836 - 0.837 area to confirm the breakout. Then the price will most likely drop to 0.831 / 0.8265 In case of a bullish breakout of the range...
H4 Timeframe USD/CAD has finally broken out of structure and set a higher high. We are approaching a level of resistance where price recently failed to hold the breakout so we do need to be mindful of a reaction from this zone. If we do break above I would expect heavy momentum to follow to break away from the consolidation. M15 Timeframe Price is currently...
Good morning traders, Hope everyone had a wonderful weekend. Are we ready for another week of trading? GBP has started to breakout of structure now and had a very convincing bear run, we seem to be pulling back now. USD/CAD has broken back into consolidation. However, with the rejection from resistance and GBP starting to pullback we could see USD/CAD continue...
The price has bounced off the resistance and is falling. A fall is possible to support.
Higher Timeframe (right chart): - Price reacting off of weekly/monthly demand so I want to look for buying opportunities with confirmation. -Trend = down so any longs will be counter-trend and trade management/take profits will be adjusted. -Price reacting off of the bottom of the downward channel range so price is in a potential area for longs. Lower Timeframe...
Hey traders, For the last 5 years, EURGBP is trading within a huge horizontal trading range that we can spot on a monthly time frame. Yesterday the price finally reached its support and we saw a very nice consequent bullish reaction from that. I believe that the price can easily bounce at least to 0.86 / 0.87 levels in a short time. ❤️Please, support this...
The price cannot pass the level. Possible fall to support
I am looking for shorts in EURGBP. Price broke yearly S1, retested the close. Now we should see big bearish trend to yearly S3. I didnt plot yearly here. This is micro trade in that big move. TIP: Watch, this is 23 hours chart. 23 hours charts show 23 hours market cycles (Impulse - Correction). This is best visible on EURUSD. FOR EDUCATIONAL PURPOSES ONLY!
GBP – Sterling edged up on Wednesday, hitting a 23-month high against EUR after higher-than-expected inflation data added to pressure on the Bank of England to raise interest rates next month. Commenting on GBP price action and its outlook. Bank of America notes that “an awful lot is priced for the BoE cycle – yet we think it is too early to ‘fade’ the GBP rally...
EURGBP BROKEN ITS STRUCTURE earlier and also now its stop hunts it will go down swing setup with tight stoploss
Prices are consolidating in a bearish channel. We see the potential for a bounce from our buy entry at 0.83364 in line with 200% Fibonacci Projection towards our Take Profit at 0.84668 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement. RSI are at level where bounces previously occurred. Any opinions, news, research, analyses, prices, other...
Price is trading in an ascending channel and is near buy entry level of 0.85491 which is also 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially go to the take profit level of 0.85905 which is also the graphical swing high. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it. Any opinions, news,...
this is my idea about eurgbp price is top of the channel and there is a resistance above it
It's late on but I thought I would end the night sharing some trades I still find myself in come end of the day. POW EDGE trend strategy in use for this EURGBP trade. Entry details are shown on the chart the trade has been live since 20:00 UK time. Working the H1 time frame here and we're only looking for TP3. Previous trades can also be seen on chart and...
USD – The dollar rose to a 16-month high on Tuesday after data showed US consumers looked past rising prices and drove retail sales higher than expected last month. Retail Sales for October printed at +1.7% versus consensus of +1.4% and last month’s print of +0.7%. EUR – The euro slumped on Tuesday, pressured by ECB President Lagarde’s latest comments. Lagarde...
FX:EURGBP The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
delivery of the price to the minimums is still incomplete. it is worth waiting for a rebound from resistance.