This chart depicts EURGBP in sideways trend with EP, SL, and TP 1 & 2, both for Long and Short trades with the help of support and resistance.
EURGBP Buy Setup examples for my trading Academy for pratice
OANDA:EURGBP has been consolidating for a while now it has broken recent resistance level with strong bullish momentum. It is currently retracing to fib 75% level where we can look for buying opportunity up to recent highs.
- **Support and resistance levels**: - These are key price levels where buying (support) and selling (resistance) pressure is particularly strong. - Support levels act as a barrier preventing prices from falling further, as demand increases at these levels. - Resistance levels act as a barrier preventing prices from rising further, as supply increases at...
Potential bearish trade, counter trend so purely for learning pursposes
If the price can fluctuate between the two desired ranges, it is expected that we will witness the beginning of the upward trend after breaking the resistance range. If the price crosses the support range, it will be possible to continue the corrective process up to the specified support levels
Let's thoroughly analyze this currency pair on the final day of the week to potentially open positions once the market resumes activity. 📊💰 In higher time frames, many currency pairs are currently consolidating without a definitive trend, but lower time frames reveal promising trends.🎯🕰️ On the daily timeframe, whenever we approached the downtrend line,...
EURGBP / 1D Greetings, traders! Welcome back to another market analysis. EURGBP pair has been trading in a Bearish trend within a larger trading range, the price is showing evidence of a pull-back mode so far. Therefore, I'll be looking to get on a pull-back trade here to close the GAP. Trade safely, Trader Leo
EURGBP has proven to be a very complex chart pattern. Given the very overlapping price action I believe we are dealing with a corrective pattern as shown by the numerous ABC (three wave) formations. Overall, I guess this is a WXYXZ pattern that currently is trapped in between a support and resistance zone (red boxes). My belief is that as long no significant...
EURGBP is currently at a resistance area, with a Bearish Engulfing candle indicating a potential price reversal. Consequently, I intend to enter a short position, aiming for profit within the next demand area.
EURGBP is experiencing a bullish trend within the IH time frame, marked by successive higher highs and higher lows.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.