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
As we are already in EU sells, EU made a nice rejection on 15M chart, Expecting the same weakness on EURGBP, where the price stands on a nice 15m level. Low lotsize sells, hold for 2-3 hours max and close, its Friday..
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.
Hello, TradingView community and my subscribers, please if you like ideas do not forget to support them with your likes and comments, thank you so much and we will start a LONG outlook on #EURGBP explained. Price action analysis & key level
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.
Hey Traders! 📣 Jumping in with a fresh take on EUR/GBP on the 4-hour chart. The pair seems to be at a significant level, and I'm eyeing a strategic entry point. I'm setting up for a BUY around the 0.8530 mark, looking to capitalize on the recent price action that suggests a bullish undertone. My targets? We're aiming for 0.8550, 0.8580, and 0.8630, staged for...
expecting price to mitigate buy OB longing...targeting the above liquidity