The price traded near a major strong area in the daily timeframe. If the price respects this zone and makes a bullish price action structure then initiate long positions.
Nice swing opportunity. Great risk reward ratio. The floor has been tested in big time frames and has been able to reject price consistenly.
Reasons for bearish bias: - Price broke LL - Playing DOW theory Entry Level(CMP): 0.85149 Stop Loss Level: 0.85503 Take Profit Level 1: 0.84795
✅EUR_GBP will soon hit A horizontal resistance level Of 0.8560 but its a stong Level so after the retest I will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
#EURGBP UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURGBP. EURGBP is exactly moved According our analysis. Now this is at important support level. Here if it breaks to downside we can see more drop upto 100Pips+. But if it bounce back we will see a good Bullish wave. This support level is important....
Hello Guy, Happy Trading Week. Looking at the weekly chart, you will notice that we are in the expansion phase of the "M" pattern. However, the expansion phase is reaching it's end. I have also marked the weekly FVG created in the expansion and price has tapped into the first weekly sell-side liquidity... There are also other levels that may trigger the bullish...
FX:EURGBP Preference: According to early PMI survey data, business activity growth in the UK has accelerated for a third consecutive month in January, indicating a promising start to the year. The data suggests that the economy is likely to grow at a quarterly rate of 0.2% after a flat fourth quarter, thus avoiding a recession and showing signs of renewed...
Please pay special attention to the very accurate trend, channel and colored levels, red level as SL. Be careful BEST MT
Wave c is expected to oscillate in the current support range and then the beginning of an uptrend is formed. After crossing the level of 88.6%, the continuation of the downward trend will be probable
The EURGBP pair presents a promising buying opportunity at the strong support level of 0.85199. Positioned at the lower boundary of the trading channel, this level is anticipated to act as a robust support, offering a potential rebound point. Considering the strength of 0.85199, initiating buy positions around this area could be a strategic move for traders...
We Looking For Selling Opportunities As The Market Is Still Inside A Bearish Trend And It's Under The Resistance Zone Resulting In Sells
Taking a look at the daily chart, price action is testing a critical support area while RSI is indicating a bottom with the bullish divergence.
Just an idea, no advises here. Reasons for idea Strong shorted market sentiment Mark down from EMA, which is a sign of short continuation Signs of resistances and lack of push to the upside
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area. After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around. Price started to decline...
Hello,Traders! EUR-GBP is making a Pullback from the horizontal Resistance of 0.8590 And I think that we Will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Price has really acted great for us this past weeks!! Good trend, good presentation for opportunities SLOWLY BUT SURELY #forex #forextrading #forexsignals #crypto #forexlifestyle #money #lifestyle #trade #stock #cash #iphone #daytrading #currencytrading #tradingonline #swingtrading #profit #forextips
About to reach the potential Demand zone . I will be looking buy setups after mitigitation . Happy trading.
Take a look at our analysis for EURGBP. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.853. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.857 level. P.S The term oversold refers to a...