After some fluctuation, the continuation of the upward trend is expected to form a resistance range. In this case, by passing the resistance range, the continuation of the upward trend will be likely. Crossing the green support zone will confirm the downtrend
Reason: Liquidity grab Break of structure Fair value gaps 1.Fundamentally EUR is weaker than the GBP 2. Retail Sentiment is more long this pair 3. Smart Money (COT Data) for this week showed me that they were more bullish the Pound and more bearish the Euro
GBPEUR showing last few years LinREg from the Mean of 2 and 5 along with the 200 sma basically moving sideways. Although the GBPUSD gained 9.2% by December 2023 from its low. looking forward to 2024 with a range between 1.12 and 1.20
3 Confluences to Buy EURGBP *Divergence *Heikin Hashi Green *Rejecting From Support
Price reached out to a common 1H level, made an exact pinpint jump, maybe its an early entry but it deserves a try.
Long from support area. Daily trend is up. 4h and weekly is down. It doesn't have the most confluences, but the support area is strong and price is starting to shift on lower timeframe.
Long position from pullback with 4h tf and daily tf. Entry with SIS Stop loss under structure.
Reversal Trade. Tapping on Support Buy Stop on Break of LH SL and TP 1 mentioned on chart
EURGBP is looking bearish on 4H TF bearish points 1. bearish trend 2. cup and handle formed 3. 1hr liquidity taken 4. retreced from fib 0.5 reversal 5. FVG Taken bullish points are not solid but there is strong support near 0.85465 and 0.85458
It is expected that after some fluctuation of the support range, a trend change will be formed and we will see the beginning of the upward trend. By crossing the resistance range, the continuation of the upward trend will be likely
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85450 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85540 support and resistance area. Trade safe, Joe.
I am currently holding a long position in EURGBP for the short term due to the confluence of several factors: 1. Demand zone touch: The price has reached a historical support area at 0.8800 where buyers are expected to intervene. 2. Economic expectations: Recent improvements in Eurozone PMI data could strengthen the euro against the pound sterling.
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.
expecting price to mitigate buy OB longing...targeting the above liquidity
The higher time frame for this pair is up, how price is making a retracement on lower time frame, so this pair is good to scalp for quick short.
I see eurgbp now in a weekly support after long bearish movement i think the price will go up from here 🔼 EURGBP - BUY NOW - 🔼 AT : 0.8520 ❌SL : 0.84533 ✅ TP 1: 0.85702 ✅ TP 2: 0.85942 ✅ TP 3: 0.86235 ✅ TP 4: 0.86602 ⚠️VERY SMALL LOT SIZE THIS IS LONG TRADE SO SL IS BIG⚠️ GOOD LUCK TO EVERYONE ❤️
EURAUD rising wedge gave me a signal showing bearish price action inside the wedge so i entered sells. if you did not catch this trade with me just watch how it plays out and as a trade look and pay attention to market behavior and ask yourself "why" is price selling off at this level. *pay attetion to market behavior and (evidence) market give before a move...
EURGBP price broke above the resistance area , after a correction if price continues to hold above support I expect the price to move higher towards the next resistance.. Trade Wisely *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.