possibility of uptrend As long as the price fluctuates above the green support range, the continuation of the upward trend is likely By crossing the support range and the support trend line, a downward trend will be formedLongby STPFOREX1
RR=1.5 buy idea Trend strongly bullish + price bounce on support level and made a breakout of a cup and handle pattern , expecting a trend continuation (target chosen with fib level 127% ° PS never risk more than 2% of your capital per tradeLongby slim71
An inverted head and shoulder pattern setup. The EURGBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish the Eurozone and more bullish (relatively) the UK economy (as a whole). Rightfully so as the Eurozone faces a lot of growth issues and disinflationary pressure, while the UK prospects look a little better. However, this is very well known, and the market has discounted this from the end of 2023 and beginning of 2024 and one of the reasons we have consolidated lower since the middle of January. However, what if things change? How about UK inflation pressures continue to subside? Or perhaps the UK stumbles upon some political risks? The EURGBP 38% retracement of the down move from end of December 2023 to the lows in the middle of February comes in at .8591, but the neckline of the pattern is at .8580. A break of this level would trigger the first round of buy stops, but a sustained break of .8600 would be outright bullish.Longby ForexAnalytixPipczar1
EUR-GBP Will Fall! Sell! Hello,Traders! EUR-GBP is already making a Pullback from the horizontal Resistance of 0.8566 so As we are bearish biased I think we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals1117
EURGBP: Weak Market & Bearish Forecast It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals1110
EURGBP LOOKS BULLISHEURGBP LOOKS BULLISH I am waiting for breakout to take entry we can see strong resistance here after breakout i will take long entry here. What do you think?Longby zainmalang301
EURGBPEURGBP is currently in a bearish trend. Price is forming a bearish flag pattern, indicating a potential continuation of the uptrend. The pair is being rejected from resistance at the 50% Fibonacci retracement level, adding confluence to the bearish bias. what you guys think of this idea ?by JustTradeSignals114
DeGRAM | EURGBP channel breakingEURGBP is making higher lows and higher highs, with bulls pushing the price higher. The market broke through the descending channel. Price printing AB=CD pattern where D point completes right at 141.4% fibo extension level. We anticipate a pullback to support and continue the trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM114
EURGBP my illustrated chart, I effectively present a strategy In my illustrated chart, I effectively present a strategy involving the sale of assets, incorporating intricate layers and concluding with a zone closure. I furnish comprehensive details to ensure a clear understanding, especially for those new to this. Additionally, I recommend considering a subsequent action: 🥇 SELL NOW 🙆📈 at 0.85530 🛡 Entry Price @ 0.85530 ✅ Take Profit @ 0.85260 ✅ Take Profit @ 0.85154 ✅ Take Profit @ 0.85093 🛑 Stop Loss @ 0.85890 This strategic approach aims to optimize gains while minimizing potential losses.Shortby FOREX_trade_01Updated 32
Pattern within a pattern confirmation // EURGBP shortA reversal channel pattern is forming on the 1hr time frame, within a bearish flag that was formed in a HTF (4hr - Daily) of the EURGBP. If the price completes the reversal channel pattern, then there's a high probability of price dropping towards the weekly support area or reverse on the trendline that was formed by the falling wedge Pattern on the HTF (Daily). Place a pending order on the 15m time frame near the top of the reversal channel that is potentially forming currently. Shortby SM_Makhuba0
analyse eur pound*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.by iminigham110
HelenP. I British Pound can continue to rise to resistance levelHi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge, where it rebounded from the trend line and made a strong impulse up to the resistance zone, which coincided with the resistance level, breaking the support level one more time. Then GBP made little correction from the resistance zone and later started to rise to the resistance line of the wedge. Soon, the price broke the 0.8565 level and even rose higher than the resistance line of the wedge, but in a short time later it turned around and fell back, making a fake breakout. GBP some time traded near the resistance level and then fell to the trend line, after which it turned around and soon rose back to the resistance level. But recently price rebounded and at the moment, GBP trades below in wedge. For my mind, I expect that British Pound will rise to a resistance level and try to break it. If the price does this, GBP can make a retest and then continue to move up. So, that's why I set two targets, the first target at the 0.8565 resistance level, and the second - at the 0.8580 level, which coincided with the resistance line of the wedge. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen226
Potential EURGBP Sell Continuation IdeaIn light of DXY's current consolidation, I've turned my attention to the exotic pair EURGBP. Exotic pairs typically display increased volatility during such phases. Yesterday, I shared an analysis on EURGBP, foreseeing the filling of the H4 Order Block. Consequently, I entered a sell position as per the analysis. Today, I'm considering a continuation entry for further downward movement. Refer Yesterdays Analysis for HTF Draw: Kind Regards The_Architect Shortby The_Archi-tectUpdated 0
possibility of uptrend It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend will be formed. Crossing the resistance range will confirm the upward trendLongby STPFOREX1
✅EUR_GBP BEARISH SETUP|SHORT🔥 ✅EUR_GBP went up and is About to retest the strong wide Horizontal resistance again At around 0.857 and after The retest we will be expecting A local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx113
EurGbp-Sell Scenario123 Levels retracements, Trendline breakout and retest, Bearish Pennant formation and Head and shoulders formation Shortby BruceAxe2
Head and Shoulders for EUR/GBP!Technically speaking, price action on the EUR/GBP cross has been rangebound since late 2016, which is evident on the monthly chart. However, what this ranging action has offered technical eyes is a potential Head and Shoulder’s Top pattern to work with between £0.9306, £0.9504 and £0.9066 (if you wanted to be more technical, you might also refer to this as a complex Head and Shoulder’s Top given the two left shoulders). The pattern, as you can see, has yet to be completed as the right shoulder is still forming, but a neckline has been drawn in anticipation of pattern completion, extended from the low of £0.8313. Nevertheless, drilling down to the lower timeframes on the daily chart, you will note that price action is in the process of chalking up an inverted Head and Shoulder’s Top pattern between £0.8513, £0.8498 and £0.8528, with a neckline drawn from the high of £0.8572. What Does This Mean? Should the daily chart’s pattern complete—rupture the neckline—this could see a moderate move to the upside. However, knowing that there is a possibility of the monthly timeframe eventually targeting a break of the Head and Shoulder’s Top pattern’s neckline, any upside move could be weakened on the daily timeframe. Resistance on the Daily Timeframe? Assuming we do indeed witness a breakout higher on the daily timeframe and price tests the projected inverted Head and Shoulder’s Top pattern’s profit objective at £0.8658, this, combined with the resistance zone located above it between £0.8671 and £0.8664, could be an area where the chart welcomes a sell-on-rally scenario based on what is being shown on the monthly timeframe. by FPMarkets4
Falling wedge PatternPrice will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe. However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe. Longby SM_Makhuba0
EXPECTING SELLS ON EURGBPExpecting sells on EURGBP since we have CHoCH and also price trading into a supply zone Shortby Pipblockfx_0
Sell EURGBPOn a bigger time frame EURGBP is inside a channel in a down trend. But before going down it needs pull back then after go up to test the channel and continue with the down trend by BlueAreaInvestments0
Potential EURGBP Sell IdeaAmidst the current consolidation of DXY , my focus shifts towards the exotic pair EURGBP. Exotic pairs tend to exhibit heightened volatility during periods of DXY consolidation. I anticipate EURGBP to fill the Liquidity Void on the H4 Timeframe by mitigating the H4 Order Block. My trading strategy involves waiting for confirmation during the London session to initiate sell trades , with targets set on the Daily Sell Stops and/or the H4 Discount FVG. It's noteworthy that our approach involves transitioning from External Liquidity to Internal Liquidity . As evidenced on the Daily Timeframe, we've already filled a Daily FVG, prompting our focus on External Liquidity, specifically the Daily Sell Stops. Kind Regards, The_ArchitectShortby The_Archi-tect1
Long trade 21St Feb 24 1Hr TF 15.10pm Entry 0.85674 Signal -BOS (0.618 Fib level) Profit level 0.85933 Stop level 0.85572 Longby davidjulien369Updated 1