#EURGBP UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURGBP. EURGBP is at a strong support level. This is getting a good bounce here. We can see gain here upto 100Pips+ in this move. Keep in touch we will update further soon.
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. EURGBP TREND-FOLLOWING. 📚 👉As we can see price is still and clearly overall bullish from a medium-term perspective, trading inside this rising broadening wedge pattern. 👉Meanwhile, price is sitting around our lower rising...
This pair has been in consolidation within a Wyckoff Redistribution. The Upthrust After Distribution (UTAD) has occurred and the markdown of price may be in progress. This idea is for a short as follows. 1. Enter - .8560 2. Stop - outside consolidation .8600 3. Target - the horizontal resistance 1 ( .8500) near term and longer term the next area of resistance...
EUR/GBP buy forecast. We have all the confirmations to start looking for long position
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before entering any trade.😉😉
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85600 support and resistance zone. Trade safe, Joe.
EURGBP has recently bounced from a major support level on the 4-hour timeframe, with the RSI indicator confirming oversold conditions. Additionally, COT data indicates a significant number of financial institutions holding short positions on the GBP. All signs point to a potential bullish trend for the EURO. 📉 Expectations: We anticipate the pair to re-test key...
Hello Everyone, Short-term prospects suggest selling EUR/GBP, while long-term prospects indicate buying. The monthly support level is anticipated to provide stability and shift the overall momentum in the market. TradeWithTheTrend3344
EURGBP The numbers and areas mentioned on the chart are based on breakthroughs or consolidation on them with four-hour and hourly candles. Do not risk more than 1.5% of your capital. Good luck!"
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Price has just bounced off the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.85516 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.85204 Why we like it: There is a pullback support level Take...
Hello traders, we want to check the EURGBP chart. The price has reached a well-defined support level that it has reacted to several times in the past. We expect the price to grow to around 0.85600. Good luck.
My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8553 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8545 About Used Indicators: The pivot point itself is...
OANDA:EURGBP This is what I call " the price has moved too far too fast" and formed a sharp peak, I doubt that further upward movement is sustainable. I'am expecting a gradual, smooth landing on the support.
Hello fellow traders It looks like a good time to buy EURGBP because the trend is going up. Just remember to keep an eye on the market in case things change. Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down. If you like my analysis don't forget to like and follow :)
First thing I did was identify the trend. The market is clearly locally in a downtrend, so I was looking for a short today. The next step was to wait for New York's Initial Balance (NY IB) to form. (The NY IB is the high and low of the first hour of NYs open.) Once the IB is formed we wait to see how price interacts with it in order to make an educated...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.85856 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.85999 Why we like it: There is a pullback resistance...
In Daily time frame, the price got supported by a short term channel bottom line. Slow Stoch and RSI both are in a over sold level, crossed and turned to North. The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.