EURGBP Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area. Trade safe, Joe.Longby JoeChampion117
Market Analysis: EUR/GBP Dips to SupportMarket Analysis: EUR/GBP Dips to Support EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8572 pivot level. There is a connecting bearish trend line forming with resistance near 0.8562 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8580. The Euro traded below the 0.8572 and 0.8566 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8562 level and tested 0.8560. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near a connecting bearish trend line at 0.8562. It is close to the 23.6% Fib retracement level of the downward move from the 0.8584 swing high to the 0.8560 low. The next major resistance could be 0.8572. The 50% Fib retracement level of the downward move from the 0.8584 swing high to the 0.8560 low is also at 0.8572. A close above the 0.8572 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8585. Any more gains might send the pair toward the 0.8620 level. Immediate support sits near 0.8560. The next major support is near 0.8525. A downside break below the 0.8525 support might call for more downsides. In the stated case, the pair could drop toward the 0.8500 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen118
check the trend It is expected that the price will move according to the specified paths and as long as the price fluctuates above the support range, it will be possible to continue the upward trend up to the resistance range. If the price crosses the support range, the correction process will continueby STPFOREX0
EURGBP Analysis (10th April 2024) Market Analysis PT2/2 (9th April 2024) EURGBP Analysis On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well. In order for price action to continue shorting, i expect price to pullback into either the FVG or the Orderblock before creating a 15 minute Change of Character to continue shorting. Should the FVG be tapped and rejected, i expect a sharp rejection off the FVG, not a slow one. If a slows rejection shows up, highlikely hood for price action to fill the FVG and tap in to the Orderblock before seeing some proper rejections. Make sure to risk less if you do take this set up as there is CPI and FOMC coming up later on during the NY session. Shortby CallistoFX0
Why I Am Looking To Sell EURGBP This WeekHey Rich Friends, EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at: - Prior rejections in this area (red rectangle) - Candles below 200 EMA - 200 EMA preparing to cross 50 EMA on the Weekly time frame -MOM is negative - STOCH below 50 - GBP news on Tuesday, Wednesday, and Thursday Market Execution Or Sell Limit At 0.86000 Or Higher SL: 0.86400 or Higher (40 PIPS) TP 1: 0.85600 (40 pips) 1:1RR TP 2: 0.85400 (60 pips) 1:1.5RR TP 3: 0.85200 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk Management. If You Choose Market Execution, Adjust Your Tp And Sl To Your Actual Entry. - Peace and Profits, ChaShort0by MoneyMantraChaUpdated 7714
EURGBP BEARISH MOVED EXPLAINED +40 PIPSHey Rich Friends, Although this trade took some time to develop, I am happy to see that my TP 1 was hit and hopefully the market will continue to sell. I used the same strategy that I posted about in my viral Editor's Pick video, "The Best Forex Strategy I've Used in 3 Years | 4 Indicators" and you can learn more about it by watching it on my Tradingview page. I hope that anyone who followed this trade idea was also able to secure some pips and get a better understanding of the market. Until next time, - Peace and Profits, Cha Short0by MoneyMantraChaUpdated 226
Why I Think EURGBP Will Continue to Sell Hey Rich Friends, I think EG will continue to sell for a bit. Here is what I am looking at. Why: - Prior rejections in this area (red rectangle). - Break of structure on the previous candle -MOM is negative - STOCH below 50 WAIT FOR: - Candle to close below 50 EMA SL: 0.87400 or Higher (40 PIPS) TP 1: 0.86600 (40 pips) 1:1RR TP 2: 0.86400 (60 pips) 1:1.5RR TP 3: 0.86200 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.Shortby MoneyMantraChaUpdated 6
EUR-GBP Bearish Breakout! Sell! Hello,Traders! EUR-GBP broke out of The bearish flag pattern And the breakout is confirmed So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals114
EURGBP LongMARKET PHASE OANDA:EURGBP is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 0.85773. Price has retraced back to this level to meet the demand multiple times and is met with extreme buying pressure. We can now expect a strong push upwards in the direction of the larger trend. TRADE I've entered my long position on OANDA:EURGBP as follows: Buy Limit: 0.85773 Stop Loss: 0.85733 Take Profit: 0.85853Longby MankzUpdated 112
EURGBP: Multiple Time Frame Analysis & Bearish Outlook 🇪🇺🇬🇧 Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower, at least to 0.8562 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader335
EURGBP - Price can exit from rising channel and fall to $0.8550Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price declined to resistance area and soon exited from triangle and broke $0.8570 level too. After this, price fell to support area, after which it entered to rising channel, where GBP rose to $0.8570 level. Also, price broke this level again and some time traded higher, but recently fell back to support line. Now, I think British Pound can grow to resistance level and then bounce down to $0.8550, exiting from channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon116
EURGBP Support and ResistanceTrade #1 Trade Type: Buy Stop Entry Level: 0.8593 Stop Loss: 0.8589 Take Profit 1: 0.8598 Take Profit 2: 0.8603 Trade #2 Trade Type: Sell Stop Entry Level: 0.8557 Stop Loss: 0.85646 Take Profit 1: 0.8549 Take Profit 2: 0.8542 by Thrifttrader890
EURGBP - Sideways TrendThis chart depicts EURGBP in sideways trend with EP, SL, and TP 1 & 2, both for Long and Short trades with the help of support and resistance. by ZubairShah913
EURGBP Buy Setup examples for my trading Academy for praticeEURGBP Buy Setup examples for my trading Academy for praticeLong05:39by morgana27112
EURGBP Buy ideaOANDA:EURGBP has been consolidating for a while now it has broken recent resistance level with strong bullish momentum. It is currently retracing to fib 75% level where we can look for buying opportunity up to recent highs.Longby haider_aabbasUpdated 5
EUR/GBP- **Support and resistance levels**: - These are key price levels where buying (support) and selling (resistance) pressure is particularly strong. - Support levels act as a barrier preventing prices from falling further, as demand increases at these levels. - Resistance levels act as a barrier preventing prices from rising further, as supply increases at these levels. - **Identification of levels**: - Traders use various technical tools and methods to identify support and resistance levels, such as chart patterns, trendlines, and moving averages. - Chart patterns like horizontal support and resistance, channels, rectangles, and triangles can help pinpoint these levels on price charts. - **Behavior at levels**: - When prices approach support levels, traders anticipate increased buying activity, potentially leading to price bounces or reversals. - Conversely, when prices approach resistance levels, traders expect increased selling activity, potentially causing price pullbacks or reversals. - **Breakouts**: - While support and resistance levels provide guidelines for price movements, prices can break through these levels. - Breakouts occur when prices decisively move beyond a support or resistance level, often indicating a shift in market sentiment or trend direction. - **Decision-making**: - Traders use support and resistance levels alongside other technical indicators, fundamental analysis, and risk management strategies to make informed trading decisions. - Understanding the behavior of prices around these levels helps traders gauge market sentiment and potential trading opportunities. Overall, support and resistance levels are essential concepts in technical analysis, particularly in range-bound markets, helping traders identify potential price reversals, entry, and exit points.by B9A-88652-NisarAhmad0
Sell Idea on EURGBPPotential bearish trade, counter trend so purely for learning pursposesShortby That_New_Money3
Possibility of uptrend If the price can fluctuate between the two desired ranges, it is expected that we will witness the beginning of the upward trend after breaking the resistance range. If the price crosses the support range, it will be possible to continue the corrective process up to the specified support levels Longby STPFOREX1
EurgbpDoes this look good to you guys . A short ! Gbp is not very strong at the moment but might take some strength laterShortby majedmo4
EurgbpAny idea what will happen to this 🤔 i see a short here.lets see how it goes . Im learning myself Shortby majedmo1
🌐 "EURGBP Forex Analysis - Short-Term Outlook" 📉Let's thoroughly analyze this currency pair on the final day of the week to potentially open positions once the market resumes activity. 📊💰 In higher time frames, many currency pairs are currently consolidating without a definitive trend, but lower time frames reveal promising trends.🎯🕰️ On the daily timeframe, whenever we approached the downtrend line, corrections and red candles ensued in the market. 📉🕯️ This downtrend line could serve as a trigger for entering a long position. Presently, we've breached this trend line and even experienced a pullback, yet the retest of the trend line remains pending. Once 0.85818 is broken, this retest will be activated, marking a bullish short-term trend. 📈🔄 Should we face rejection from this area, the support at 0.85328 holds significant importance for lower time frames. Upon rejection, consider opening short positions promptly, and await the breach of the primary support at 0.84991 for further short entries. 🛑💼 In case you initiate short positions post the breach of 0.85328 in lower time frames, I suggest awaiting a retest of 0.84991. If a sharp move occurs, seize the opportunity to re-enter the market, and upon retest, consider increasing your position size. 🔄📉 While our targets typically align with risk-to-reward ratios, keep a close watch on resistance levels at 0.86228 and 0.86960, as well as support levels at 0.84991 and 0.84260. 🎯📉 Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.💼⚠️Longby RealMRA2240