EURGBPEURGBP has been on a downward trend for some days, I expect the downward movement to continue, from currently position, I am expecting EURGBP to move downward and make a new lower low. Shortby EM_Trading_CompanyUpdated 3
EURGBP LONG SETUP!It is crucial to note that FX:EURGBP is currently at a robust support level and forming a bullish divergence on the 4-hour time frame. A pullback is expected from this point, as liquidity has recently surged from the lows. Therefore, it is advisable to enter a long trade with a stop loss at the recent low and take profit at the recent high, targeting a 1:2 risk-reward ratio.Longby itshamzajaved333
EUR/GBP there, two different bearish formations were present. There was a bear flag as taken from a bullish channel that arrived after a test of the .8500 handle; and bigger picture, there was a descending triangle present with that .8500 level helping to set horizontal support. The other side of the matter, however, was a relative dearth of volatility so far in 2024 trade as the pair had spent much of the year within an approximate 120 pip range. But, given the fundamental backdrop where the ECB seems closer to cuts than the BoE, there’s an argument for continued divergence between the two economies. At this point the .8500 handle has come back into play and there’s potential for the descending triangle to fill-in.Shortby AFFINITY_MARKETS444
✅EUR_GBP RISKY LONG🚀 ✅EUR_GBP is going down now But a strong support level is ahead at 0.8512 Thus I am expecting a rebound And a move up towards the target at 0.8494 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx223
EURGBP: Long Trade with Entry/SL/TP EURGBP - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy EURGBP Entry Level - 0.8498 Sl - 0.8475 Tp - 0.8543 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals114
EURGBPEURGBP has just too strong support with break out of falling trend line and bullish divergence can buy at current price with stop loss 0.8499 Risk Reward 1:1 0.8537 Risk Reward 1:2 0.8556 Risk Reward 1:3 0.8575 Risk Reward 1:4 0.8594 Risk Reward 1:5 0.8613 FUNDAMENTAL ; long SENTIMENTAL : long TRADE AT YOUR OWN RISK Longby drsajidawan0
check the trend It is expected that a trend change will be formed in the current support range and the beginning of the corrective trend will be formed up to the specified resistance range. Consolidation below the support area will create a continuation of the downtrendby STPFOREX113
EURGBP Harmonic Pattern Long Trade EURGBP Bullish IdeaEURGBP Harmonic Pattern Long Trade EURGBP Bullish Idea Instant Entry or at Breakout of B point and new Higher High. Longby PandaPipsProUpdated 1
EURGBP FORREXThe Chart was printing a bearish Trend but their was divergence so after the divergence the trend become bullish as it already made HH and HL. The Entry will be instant 0.85183 and the stop loss will be 0.85030 Longby Azeem2082
EUR/GBPA bullish flag is a technical analysis pattern that indicates a potential continuation of an existing upward trend. It resembles a flag on a pole and is used by traders to identify short-term consolidation periods followed by a breakout in the direction of the prevailing trend. Here's an overview of the bullish flag pattern: Structure of a Bullish Flag 1. **Flagpole**: This is the initial sharp upward movement in price, representing a strong bullish trend. 2. **Flag**: After the sharp rise, the price consolidates, moving in a small, downward-sloping or horizontal channel. This consolidation forms the flag part of the pattern. 3. **Breakout**: After the consolidation phase, the price breaks out of the flag pattern, continuing the upward trend. Identifying a Bullish Flag 1. **Strong Uptrend**: Look for a strong upward movement (flagpole) in the price of the asset. 2. **Consolidation**: Identify a consolidation phase where the price moves sideways or slightly downward in a parallel channel (flag). 3. **Volume**: During the flag formation, the volume typically decreases, indicating a lack of strong selling pressure. 4. **Breakout**: A breakout from the flag pattern occurs with an increase in volume, resuming the upward trend. Example 1. **Flagpole**: The price of a stock rises from $50 to $70 rapidly. 2. **Flag**: The price consolidates between $65 and $70, forming a downward-sloping channel. 3. **Breakout**: The price breaks out above $70 with increased volume, continuing the uptrend. Trading the Bullish Flag 1. **Entry Point**: Enter the trade when the price breaks above the upper trendline of the flag with increased volume. 2. **Stop-Loss**: Place a stop-loss order below the lowest point of the flag to manage risk. 3. **Target Price**: The target price is usually estimated by adding the length of the flagpole to the breakout point. Example Calculation - **Flagpole Length**: $70 - $50 = $20. - **Breakout Point**: $70. - **Target Price**: $70 + $20 = $90. Benefits and Risks **Benefits**: - **Clear Pattern**: The bullish flag is relatively easy to identify and trade. - **Continuation Signal**: It signals the continuation of an existing uptrend, providing traders with a clear direction. **Risks**: - **False Breakouts**: There is a risk of false breakouts, where the price breaks out of the flag but then reverses. - **Market Conditions**: The pattern is more reliable in strong trending markets and less effective in choppy or sideways markets. Conclusion The bullish flag pattern is a powerful tool for traders looking to capitalize on the continuation of an uptrend. By identifying the initial strong move, the consolidation phase, and the breakout, traders can set up trades with clear entry and exit points, effectively managing risk and potential rewards.Longby B9A-88652-NisarAhmad4
EURGBP: Wait for Confirmation Before Bullish EntryThe EURGBP is testing a critical support level at 0.85 on the daily chart. While a bullish rally seems likely, cautious entry is advised to avoid potential retracements aimed at trapping retail traders. Key Points: 1. Price dipped close to the 0.85 support zone. 2. Upward move possible, but confirmation is crucial. 3. Wait for a daily candle close above 0.8530 before entering a long position. 4. This will provide a stronger signal of a bullish breakout. Remember: The market can be unpredictable. Always practice proper risk management and consider using stop-loss orders.Longby OMGiTzREALHASSAN2
EURGBPhello everyone, this is based on day tf, the price has reached strong support area, the price may get bullish and may breakout of 200ma.. currently the price did recover last Thursday after PMI news, while GBP dip with poor retail news.. some minor news for euro this week.. may recover more.. price dropped from 0.8532 to 0.8515 based on 15min tf ... price need to make new high above 0.8532 to show Euro in strength... 0.8532 is all time strong resistance area that need to break for price to remain bullish... Longby baigxy3
Looking for clues on EURGBP (lower timeframe)As markets re-open, we track price with the intention of finding out where it will head next on this pair. The monthly timeframe shows ranging in a defined price region over a prolonged period (since November 2023). The 4h timeframe show bearish activity where we have noted a retest of a high at the 0.85323 price point (shown on the 15m timeframe as the current SWING HIGH. Price is currently boxed in a small but very powerful range. In the short-term, we expect a taking out of highs and lows (manipulation) before the establishment of any real structure to trade. At this time, price is in the discount region, so on this lower timeframe, we would only be interested in going Long. For now, we sit on our hands and watch things play out.by Platform_Solution0
EURGBP LONG TERM Buying TRADING IDEAHello Traders In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartLongby ForexMasters20004
Swing Sniper Signals Long for $EURGBPLong signal printed. Coming off bottom of bearish channel. Should be long @ market open up to 0.8590 (near top of channel and major supply zone). Longby LukensFinance6
Very Strong Downtrend 🔴EUR/GBP H2 We can see very strong downtrend here. Price reacted to 0.85000 H4 support zone, but retested 0.85300 zone. It is possible to see bearish continuation, but if price breaks 0.85300 zone, I will look to buy.by SanShone4
[EURGBP] RED FLAG Down Trend [Date 27-31/5/24]Date 27-31/5/24 Mouth Weekly Daily Position Bias Short Strong Supply Short Target 0.76262 Weekly Daily Bias Short 1st Target 0.83262 H4 Follow Trend 0.85460 Zone Now Miss a TrainShortby PeJedkro961
EURGBPEURGBP is currently shifting trend to bullish , expecting it to move furtherLongby onlysignals3
EURGBP BULLISH - May 24📢 Signal: BUY EURGBP 📈 Entry Point: 0.85221 🔍 TP1: 0.85231 🎯 (10 pip TP) TP2: 0.85241 🎯 (20 pip TP) SL: 0.85211 ⛔️ (10 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalLongby mr_bombastic_signal0
EURGBPHello traders EURGBP stays strong zone of support that means buyers are now ready to resist sellers on pressure and overrule the market, so as retail traders we look chances of entries so its high probability to buy. if you need more of my setups don't miss it to follow me.Longby Abdukadir_Wardheere11
check the trend An uptrend is expected to form up to the specified resistance levels. Then, according to the behavior of the price in this range, the continuation of the movement process will proceed according to the specified pathsby STPFOREX0
EURGBPLooking for a buy trade on EG. Reason to buy: 1. H1 chart is in oversell area. 2. possible to make inverted Head and Shoulder pattern in 1H chart. Use proper risk management. Thank youShortby joelkurienUpdated 4