EURGBP current trading paterns are clearly pointing
In the direction of a long trade
That is why I am bullish on the EURGBP pair
And I think it will go up!
Like and subscribe and comment my ideas if you enjoy them!
EURGBP currency pair on a 4-hour chart has dropped to the 0.786 Fibonacci level after experiencing resistance at a weekly level and then falling directly onto a daily support level.
After the drop, the market started to move upward, breaking and retesting the 50% level of the previous impulse.
This suggests that the pair may have found a new level of support and...
Since EURGBP followed Uptrend, 3 Lower Highes and 1 Lower Low have been formed. Seeing its Current price point and the formation of a Higher Low near the Trendline hints at a Long Position. The support line can be a confirmation.
After price broke structure with momentum, it left behind a huge imbalance and a clean POI. Price used supply to retrace back to mitigate the POI and is looking to take out trendline liquidity at the same time. Our overall orderflow is currently bullish, so area is a good place to join in on the ride to the upside.
- Bearish candle close
- H&S region just tapped that aligned with selling zone
- Bullish MS
- H&S + Bearish W
- S&D zone is based on biggest pattern (H&S)
- Bearish RC confirms that bears are there
- Bearish driver
- H&S with BOS pattern
SL above highest s1 wick + 10 pips
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only to assist traders in making independent investment decisions. Please this is a PREDICTION and I have no reason to act on it and neither should...
On EUR/GBP is nice to see strong buying reaction from the price 0.87830 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area + Strong S/R...
Pair : XAUUSD ( Gold / U.S Dollar )
Rising Wedge as a Corrective Pattern in Short Time Frame will Reject from the Upper Trend Line or from the Fibonacci Level - 78.60%
Impulse Correction Impulse
Strong Resistance Level
Need Rejection or Breakout
✅ EUR GBP continues to move in a downtrend.
The price did not react to the support area.
I expect the fall to continue. ✅
🚀 SELL scenario: short to the support area. 🚀
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking for a pullback buy entry at 0.87952, where the overlap support and 38.2% Fibonacci line s. Stop loss will be at 0.87219, where the recent swing low is. Take profit will be at 0.88970, where the...
Happy new year, my lovely followers.
I hope you are doing great. I thought it would be a good idea to start posting my thoughts here again :)
Please always do your analysis before following others.
In this analysis, I decide to long EUR/GBP for now.
As first, I will share you some point of my technical analysis perspective to analyze better in this study.
First, I was analyzing in H4 timeframe that EUR/GPB look bullish and we could to forming a market trap and find up the key resistance in £0.8833 GBP. and maybe, this will be the smart point to sell in...
Judging by the HTF view, the sentiment of the market is bullish. We were able to witness a pump earlier in the morning and we are expecting some more bullish action once a mild correctional move is completed.
A fully formed inverted head and shoulders pattern has now been spotted.
With EURO news just around the corner with ECB President Lagarde speaking, we could see a quick influx for the Euro. This could be a chance to pickup a quick few $$$
Take home 50 pips! and grab that Liquidity above!
Id then be looking to short back down to support as our weekly timeframe...