EURGBP Sell IdeaOverall bearish EURGBP Market provides a shorting opportunity, I have identified an OB on 15 mins time-frame which I think the market needs to be mitigated to continue its downward move.Shortby Sikandarkoree129Updated 113
Support holding for EUR/GBPEUR/ GBP daily support has held and looking for price to rally back to 0.87ish zone. Trigger long: 50sma & 21ema have crossed positive as well as a trailing ATR shift. Trade Management: If the 1st target is hit, then I will scale out at move my stoploss to breakeven and trail behind the trailing ATR until 0.87 is hit. Longby Kashmore12
EURGBP long swing trade opportunity Potential EURGBP long swing trade to target 55SMA, lower timeframe charts indicating that pair is breaking out of DTL channel with upside risk increasing.Longby AArnis1
EURGBP Pair : EURGBP ( Euro / British Pound ) Description : BEARISH CHANNEL as an Corrective Pattern in Long Time Frame Completed Impulse Correction Impulse RISING WEDGE as an Correction in Short Time Frame and Rejection from Lower Trend Line BREAK OF STRUCTURE and Completed the Retracement at Demand Zone by ForexDetective2
EURGBP Complete Reversal Trade IdeaI really like the setup of this trade so far. I'm confident in this trade because of the recently closed MMBM and a MSS to signal a trend change confirmation from bullish to bearish. You can play this trade however you want, but personally I'm going for a 1:2 risk-to-reward but at 1:1 I'm taking some profits and moving my SL to BE.Shortby UnknownUnicorn46588180Updated 0
EURGBP Sunday Analysis - Support Resistance TradingAs EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target. Short05:09by KaracTradeUpdated 1
EURJPY H4 | Bearish reversalEURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement. Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement. Take profit is at 0.85174 which is a multi-swing low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Short01:55by FXCM335
change the trend It is expected that wave c will end in the current support range and we will see the beginning of the uptrend. A trend change can occur within the specified time frameLongby STPFOREX3
KEEP IT SIMPLE FORGET MY DESCRIPTION AND FOCUS ON THE CHARTHey Traders, Many are focused on US News that comes this afternoon. Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone. Longby dcmbempiregroup2
EURGBP LONGHere I have the EURGBP pair, my interest for now is to go long on this pair after a break occurs, but if this pair broke to the down side then it will take some time if I am to go short on the pair because there is just small space before touching my major level below.Longby Pleazant-fx2
HelenP. I GBP can exit from wedge and try break resistance levelHi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and rose higher. But soon, GBP turned around and started to decline back to resistance 2. Later price declined below this level, thereby breaking it again, and then continued to decline to the 0.8550-0.8565 resistance zone, and soon GBP broke resistance 1 and declined to the trend line, forming a wedge pattern. After the price traded near this line it rebounded from the trend line to the resistance line of the wedge, where the price continues to trades near. For my mind, I expect that the British Pound will make a little correction, after which the price turn around and start to rise to a resistance level. When the price reaches this level, GBP can try to break it and then make a retest, after which the price will continue to move up. So, for this reason, I set two targets, the first target at the 0.8550 resistance level, and the second - at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen6
Short IdeaBearish, possibly the start of a re-tracement leg up. Waiting for price to reach zone before sells for potential lower prices. Safe and Happy trading week.Shortby WikFx113
Aroon Indicator for GBPEUR shows an upward move is likelyGBPEUR's Aroon Indicator triggered a bullish signal on February 02, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 258 similar instances where the Aroon Indicator showed a similar pattern. In 82 of the 258 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 32%. Price Prediction Chart Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on January 17, 2024. You may want to consider a long position or call options on GBPEUR as a result. In 31 of 118 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 26%. Following a +0.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where GBPEUR advanced for three days, in 48 of 260 cases, the price rose further within the following month. The odds of a continued upward trend are 18%.Longby Serhii_Bond1
BoE's Huw Pill Remarks: Implications for GBP Strength in EURGBP Greeting Traders! In the upcoming week, our focus shifts to EURGBP for a potential selling opportunity around the 0.85500 zone. The pair has been navigating a downtrend and is currently undergoing a correction phase as it approaches the trend at the 0.85500 support and resistance area. Turning to the fundamental landscape, recent statements from the Bank of England (BoE) hint at a possible shift in interest rate policy. Chief economist Huw Pill's remarks diverge from Governor Andrew Bailey's stance, suggesting a potential disagreement within the central bank regarding future rate movements. Pill's cautionary tone, particularly regarding external factors such as developments in the Middle East, hints at a more nuanced approach to rate decisions. He emphasizes the need for flexibility in responding to geopolitical events that could impact the economic landscape, indicating that such developments could influence the speed or direction of future rate adjustments. Shortby JoeChampion223
EURGBP BUYTargets @ 0.8700 TP2 - TP1 @ 0.8600 - Waiting for Volume Confirmation / Breaks to the Upside!Longby fxnord3
EURGBP-BUY strategy Daily chartI got a BUY signal for the pair. We are ranging, and it feels bottoming and stochastic are flat and low. Strategy BUY @ 0.8525-0.8535 and take profit @ 0.8637 with SL below 0.8485. Longby peterbokma1
correction It is expected that the price will move according to the specified path and after the completion of the corrective pattern, we will see the beginning of the upward trend If the price crosses the 78.6% level and stabilizes, the corrective process will continue by STPFOREX115
Shorting EURGBPMy analysis is on chart. I'm shorting EURGBP risking 1% of my account. Have a blessed day traders.Shortby LucrativeLeroy1
EUR/GBP BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! Bearish trend on EUR/GBP, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.851. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals2211
EURGBP long movePrice is to fall toward our bullish order block of 0.85259, a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 0.85638. If price breaks below the pivot, it could fall to 1st support at 0.85186 , a swing-low support level. Longby OCBE-FX1
EURGBP 30MINEURGBP 30MIN R:R = 3 DBD ZONE : This zone is calculated by supply and demand method Shortby amirprvf1
LONG Time no see guys! and New LONG ordered!EUR/GBP continues to test a prior level of multi-month support around 0.8550. If this is broken convincingly then the 0.8500 area looks likely to come back into focus. focus on TP! if you get benefit on this idea please comment on below.. Longby KIMIMAKI4