#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. And we can see a good bullish wave here. We can see next resistance at fib level 0.5 to 0.6 till that we can see a good bullish wave. We can see gain upto 100Pips+. Keep in touch we will update further...
-0.6% MoM CPI and now technical recession with 0.3 shrinking on quarterly basis. UK data this week was very weak but recently and EURGBP trying to find support from 0.85. The weak data, bulish RSI divergence and the 0.85 support all create a buying oppurtunity. 0.8560 could be the trigger for upward moves. Below 0.85 however will change the positive outlook for...
It has come out of the downward trend and has gone above the resistance
The market bounced off main support, and it updated swing highs and higher lows. It broke through the downward channel. The price has reached the resistance zone on the daily timeframe. Additionally, the major trend is bearish. I think the market may go above the 0.85500 resistance level to grab some liquidity to move lower, bouncing off the upward trendline. I...
Bearish, on retracement leg, and waiting for price to hit zone before sells for further lower prices. Safe and happy trade all.
Pair is reversed from strong weekly support and already broken the previous HL hence confirming Bullish trend in place + Double bottom formed on exact support line with divergence. Instant Buy entry planned accordingly
Support/resistance at around 0.85164 in 1H/1D chart Creating a Elliott Wave on a 15 mins chart to follow a down trend. Aiming at the next support area at around 0.83444 SL 0.85221 PL 0.83667
EURGBP Bulls will strengthen after a break of this highlighted level.
EURGBP could continue to rise and breakout of the overlap resistance. Buy entry is at 0.85247 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.85005 which is a swing-low support. Take profit is at 0.85482 is the overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Considering that after some fluctuation, a downward wave has formed, it is expected that the continuation of the downward and corrective trend will be formed. If the price stabilizes above the support range, the above scenario will be invalidated
I used to trade forex for years and still stuck with it. EURGBP shows bullish sign and ready to run upward. I'll BUY this pair until 50% correction (if any)
Hello everyone ... if price break our entry areas then this idea will be invalid.. Use good trade management only thing important in Trading is how you manage your trade... our signals are 95% accurate give us follow and motivate us by likes and comments... .. good luck..
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block. Fundamental news: Tomorrow we'll see results of yearly CPI on GBP Like, comment...
according to eurusd and gbpusd charts, its time to start an uptrend.
Ahead of the European cash open, we welcome potentially heavyweight UK data at 7:00 am GMT. As I am sure you’re already aware, I must point out that traders will be viewing the unemployment metric with some trepidation due to problems with data collection. Market consensus, however, forecast a slight uptick in the unemployment rate to 4.0% in the three months to...
The depicted zones are critical for #EURGBP .The price can react to them and can be entered in long/short positions. Up to your entry type and risk management set TP/SL. Do not forget that you cannot succeed in this market without proper risk management.02/12/2024
buy limit eurgbp fair value gap, order block, discount area, S&R
came out of bearish channel testing the strong support tested many times at moment price moving in side ways can be a stop buy trade