EURGBPIt has come out of the downward trend and has gone above the resistanceLongby hamed-aghamirzaei3
Lingrid | EURGBP short after FAKE Breakout of the RESISTANCEThe 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 expect the price to go to resistance if the price presents rejection candles. My goal is the support level at 0.85350 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid101022
Short IdeaBearish, on retracement leg, and waiting for price to hit zone before sells for further lower prices. Safe and happy trade all.Shortby WikFx2
EURGBP bullish idea on 1HPair 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 accordinglyLongby hamidmuner2
Bearish EURGBPSupport/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 Shortby slbpriank1991Updated 0
EURGBP ANALYSISEURGBP Bulls will strengthen after a break of this highlighted level.Longby walesbanks2
EURGBP H4 | Rising to resistanceEURGBP 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 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.Long01:48by FXCM4
downward trend 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 invalidatedShortby STPFOREX0
EURGBP Bullish run?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)by CryptoKampungUpdated 9
EUR/GBP - Sell Trend With Short time-frame consolidation 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..Shortby DreamsForxUpdated 116
EURGBP - Short after filling the imbalance ✅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 and subscribe to be in touch with my content!Shortby Snick3rSD12
Heavyweight UK Data Ahead of European Cash Open TomorrowAhead 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 December 2023 from 3.9% in November. I do not see 4.0% causing too many ripples in the financial markets, though a marked deviation—south of 3.8% or north of 4.4%, for example—would likely elevate volatility across GBP currency pairs. Wages data will be the highlight event for most of the traders and investors, as well as, of course, those at the Bank of England (BoE). Headline earnings growth data (including bonuses) is expected to reveal a sizeable slowdown in wage growth to 5.6% in the three months to December 2023, down from November’s reading of 6.5%; the estimate range currently spans between 6.0% and 5.4%. The ex-bonus print is also forecast to cool to 6.0% over the same period, from 6.6% in November, yet has a much narrower estimate range between 6.1% and 6.0%. As you can see, the markets already expect a sizeable downside print for the headline wages release. As a result, in order to surprise the markets, I would expect we would need to see the release touch or surpass the estimate low of 5.4%, which is likely to weigh on sterling and bring forward rate-cut expectations. We have seen the markets pricing in a higher-for-longer theme for the BoE’s Bank Rate, with around 83bps of easing priced in for the year-end as of writing. The first 25bp is not expected now until August’s policy-setting meeting. GBP/USD Reacted from Resistance The FP Markets Research Team released a week-ahead post for the GBP/USD which demonstrated a bearish vibe for the major currency pair. You will have also likely noted that one of the scenarios actually played out heading into the London open today: a short-term whipsaw north of H1 resistance from $1.2648-$1.2642 into a neighbouring H1 resistance from $1.2653. The move did indeed attract strong selling and provided ample opportunity to not only reduce risk to breakeven but also lock in gains. EUR/GBP Also Trading from Support As we can see from the daily chart of EUR/GBP, the cross is seen just off support on the daily timeframe at £0.8514. Couple this together with price action chalking up an AB=CD harmonic support at £0.8498, derived through the 100% projection ratio, and traders have a meaningful support area to work with. Longby FPMarkets5
Critical Zone for #EURGBPThe 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.02/12/2024by FarshidEMPTRD0
EURGBP buy limitbuy limit eurgbp fair value gap, order block, discount area, S&RLongby karamovski13140
EURGBPcame out of bearish channel testing the strong support tested many times at moment price moving in side ways can be a stop buy tradeLongby drsajidawan2
start to uptrend It is expected that wave c will end in the current support range and also in the specified time range and we will see the beginning of the upward trend. If the price crosses the level of 88.6%, the downward trend is likely to continueLongby STPFOREX1
EURGBP SHORT IDEATO THE T THAT IS ALL IM SAYING!!! I will link the previous post to this post to the the before and after! If you are interested in my setups and would like to learn my strategy and how I see the markets, hit me up in the comments!Shortby NasdaqBass2
Consolidated or Channeled??? - EGHere I have EUR/GBP on the 4Hr Chart! Price seems to be stuck in Consolidation but with a closer look, there tends to be a slight Rising Channel in the mix!! I suspect Next Week (Feb. 11th - 16th) we will see massive movement in this pair simply because of how heavy GBP is with news those days! Now initially this looks like a potential Bear Flag to me with this PA happening after a strong decline! BUT Being unbiased, if Price does find its way down to the Support Area, being unable to break and news for GBP comes in Negative, we could see EUR gathering Buying Pressure and price heading up!! Fundamentally the 11th-16th: EUR - Clear GBP - Gov Bailey Speaks (Mon), Claimant Count Change & AHE (Tue), CPI (Wed), GDP (Thu), Retail Sales (Fri)by Novi_FibonacciUpdated 5
Inverse H&SI just love the way this pair follows a channel trend pattern. Again inverse head and shoulder pattern identified probably for a long position. Channel broken to the upside and retested. A long position above break of 0.85680 is imminentLongby rejoicem76Updated 116
British Pound can rebound up from buyer zone to 0.8570 levelHello traders, I want share with you my opinion about British pound. Looking at the chart, we can see how the price recently started to decline in a downward channel, where it soon fell to the support line and at once bounced up to the resistance line of the channel. Then GBP turned around and declined to the 0.8570 resistance level, which coincided with the seller zone, some time traded near and later declined lower this level, thereby breaking it. Also then, the price exited from the downward channel and started to trades in the range, where GBP in a short time declined to the 0.8515 support level, which coincided with the buyer zone with the bottom part of the range. After this, the price turned around and soon rose to the top part of the range, which coincided with the resistance level, but a not long time ago, GBP rolled down from this level and declined back to the buyer zone. As well recently price bounced from this area and tried to rise, but failed and now it continues to trades near the buyer zone. So, I think the British Pound can fully decline to the buyer zone, after which the price will turn around and start to move up to the 0.8570 resistance level. For this reason, my target is located at this level. Please share this idea with your friends and click Boost 🚀 Longby LegionQ83316
EURGBP:Breakout and Potential RetraceHey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.85320 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 0.85320 support and resistance area. Trade safe, Joe.Shortby JoeChampion1112
EUR-GBP / 4H / TECHNICAL ANALYSIS FX:EURGBP Hello friends, I have identified the formation target, entry zone, and stop level on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck Longby TraderTilki3310