possibility of uptrend It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend will be formed. Crossing the resistance range will confirm the upward trendLongby STPFOREX1
Potential EURGBP Sell Idea AnalysisAmidst the current consolidation of DXY, my focus shifts towards the exotic pair EURGBP. Exotic pairs tend to exhibit heightened volatility during periods of DXY consolidation. I anticipate EURGBP to fill the Liquidity Void on the H4 Timeframe by mitigating the H4 Order Block. My trading strategy involves waiting for confirmation during the London session to initiate sell trades , with targets set on the Daily Sell Stops and/or the H4 Discount FVG. It's noteworthy that our approach involves transitioning from External Liquidity to Internal Liquidity. As evidenced on the Daily Timeframe, we've already filled a Daily FVG, prompting our focus on External Liquidity, specifically the Daily Sell Stops. Kind Regards, The_ArchitectShort14:35by The_Archi-tectUpdated 559
✅EUR_GBP BEARISH SETUP|SHORT🔥 ✅EUR_GBP went up and is About to retest the strong wide Horizontal resistance again At around 0.857 and after The retest we will be expecting A local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx113
EurGbp-Sell Scenario123 Levels retracements, Trendline breakout and retest, Bearish Pennant formation and Head and shoulders formation Shortby BruceAxe2
Head and Shoulders for EUR/GBP!Technically speaking, price action on the EUR/GBP cross has been rangebound since late 2016, which is evident on the monthly chart. However, what this ranging action has offered technical eyes is a potential Head and Shoulder’s Top pattern to work with between £0.9306, £0.9504 and £0.9066 (if you wanted to be more technical, you might also refer to this as a complex Head and Shoulder’s Top given the two left shoulders). The pattern, as you can see, has yet to be completed as the right shoulder is still forming, but a neckline has been drawn in anticipation of pattern completion, extended from the low of £0.8313. Nevertheless, drilling down to the lower timeframes on the daily chart, you will note that price action is in the process of chalking up an inverted Head and Shoulder’s Top pattern between £0.8513, £0.8498 and £0.8528, with a neckline drawn from the high of £0.8572. What Does This Mean? Should the daily chart’s pattern complete—rupture the neckline—this could see a moderate move to the upside. However, knowing that there is a possibility of the monthly timeframe eventually targeting a break of the Head and Shoulder’s Top pattern’s neckline, any upside move could be weakened on the daily timeframe. Resistance on the Daily Timeframe? Assuming we do indeed witness a breakout higher on the daily timeframe and price tests the projected inverted Head and Shoulder’s Top pattern’s profit objective at £0.8658, this, combined with the resistance zone located above it between £0.8671 and £0.8664, could be an area where the chart welcomes a sell-on-rally scenario based on what is being shown on the monthly timeframe. by FPMarkets4
Falling wedge PatternPrice will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe. However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe. Longby SM_Makhuba0
EXPECTING SELLS ON EURGBPExpecting sells on EURGBP since we have CHoCH and also price trading into a supply zone Shortby Pipblockfx_0
Sell EURGBPOn a bigger time frame EURGBP is inside a channel in a down trend. But before going down it needs pull back then after go up to test the channel and continue with the down trend by BlueAreaInvestments0
Potential EURGBP Sell IdeaAmidst the current consolidation of DXY , my focus shifts towards the exotic pair EURGBP. Exotic pairs tend to exhibit heightened volatility during periods of DXY consolidation. I anticipate EURGBP to fill the Liquidity Void on the H4 Timeframe by mitigating the H4 Order Block. My trading strategy involves waiting for confirmation during the London session to initiate sell trades , with targets set on the Daily Sell Stops and/or the H4 Discount FVG. It's noteworthy that our approach involves transitioning from External Liquidity to Internal Liquidity . As evidenced on the Daily Timeframe, we've already filled a Daily FVG, prompting our focus on External Liquidity, specifically the Daily Sell Stops. Kind Regards, The_ArchitectShortby The_Archi-tect1
Long trade 21St Feb 24 1Hr TF 15.10pm Entry 0.85674 Signal -BOS (0.618 Fib level) Profit level 0.85933 Stop level 0.85572 Longby davidjulien369Updated 1
EUR/GBP Day Trading Analysis With Volume Profile 📊On EUR/GBP is nice to see strong sell-off from the price 0.85620, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Daleby Trader_Dale3
EURGBP Will Explode! BUY! My dear subscribers, This is my opinion on the EURGBP next move: The instrument tests an important psychological level 0.8533 Bias -Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8550 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 112
Double Bottom CONFIRMED! - EGHere I have EUR/GBP on the 1 Hr Chart! Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!! This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of Pattern @ .85424 and has come back to test and is already showing signs of finding possible Support @ Confirmation! INVALIDATION of Pattern @ .85289 First Target Range is .85535 - .85593 Second Target Range is .85687 - .85745Longby Novi_FibonacciUpdated 4
possibility of uptrend According to the structure of the corrective pattern, it will be possible to continue the upward trend by crossing the resistance range. Otherwise, the correction process will be formed up to the support levels and then the change of the process will be possibleLongby STPFOREX1
EURGBP D1: FORECAST AND LIVE CHART $OANDA:EURGBP The Great British Pound/Euro currency pair (also referred to as EURGBP and EUR/GBP) is one of the most actively traded minor currency pairs in the world. In this article, we will examine how EURGBP is performing. OANDA:EURGBP EURGBP Key Stats 2021 high: 0.90585 2021 low: 0.8367 YTD high: 0.8618 YTD low: 0.8205 YTD % change: +1.88% The EURGBP is still nowhere near its pre-Brexit level, and it’s no surprise considering the constant stream of headwinds the UK economy has faced over the last few years. 2021 was a better year for the pound against the euro, and despite the euro gaining some strength against its European counterpart so far this year, we do expect another leg lower. Given the significant strength around the 0.8305 mark we see another retest of that level, but in order to get there, we will first need a break lower of the current uptrend on the daily chart. OANDA:EURGBP EURGBP FUNDAMENTAL ANALYSIS While technical analysis can help traders pinpoint entries and exits, fundamental analysis can help provide a directional bias. Changes in the economy through interest rates, monetary action, unemployment and much more can dictate major price swings. It’s important to keep an eye on the major changes that may impact the EURGBP. OANDA:EURGBP The GBP has suffered huge challenges over recent years, and those same challenges have yet to be solved. In terms of Brexit, the UK and European Union were able to make a deal. However, a trade agreement has not solved all of the problems, and investors must still consider the issues that may arise. Furthermore, inflation has soared in the UK (like other parts of the world), and the cost of living has risen as macro headwinds continue to hamper the British economy. OANDA:EURGBP For the Euro, monetary action has been a talking point amongst investors. In its upcoming ECB meeting in June, it is unlikely we will see a rate hike. However, expectations for a more hawkish outlook in July or September are anticipated by analysts. Markets are pricing in a 50bp hike in one of the four remaining meetings, and this may add some strength to the EUR. Other macro factors to watch out for include inflation and how the EU deals with challenges — politically and economically (think energy) — as a result of the Ukraine-Russia war. EURGBP TECHNICAL ANALYSIS Support Levels: 0.8378 0.8305 0.8215 Resistance Levels: 0.8717 0.8864 0.9229 The EURGBP has fluctuated for the past 5 years, and there is a clear range that has been tested. When looking at 0.8378, it held very well during 2017, and on a daily chart can be used as an excellent psychological level. As for 0.8305, that can be looked at as the bottom of the range. It has a history of holding strong and worked as an excellent support level a few months ago. In addition, 0.8215 has only been tested once in recent years, but history states it has been a strong level. As for resistance levels, 0.8717 has yet to be tested since May last year. The level has shown strong resistance and may be difficult to break. Next is 0.8864, which has acted strong as a support level. After being broken in early 2021, it will be interesting to see how it holds as a resistance level. Meanwhile, level 0.9229 is quite a distance away but has held at the top of the range since 2016. OANDA:EURGBP by Millionaire_789Updated 112
EURGBPCurretly on EURGBP we are waiting for price to takeou the sell side liquidity or the swing low then hope for a reversal back inside the range Longby BigBenCapitals4
EUR-GBPYou can try: Open: 0.85515 TP : 0.85238 SL: 0.85700 As long as 0.85600 is a strong resistance, look for 0.85238. Goodluck fella$Shortby Indonesia1945Updated 227
EURGBP: A Bullish?The British pound showed signs of resilience as it edged higher against the US dollar, marking its first weekly gain since mid-January. This rise was underpinned by growing risk appetite and encouraging economic indicators, including strong growth in services firms and business optimism reaching a two-year high. Despite a slight setback in consumer sentiment, the pound remained buoyed by a global influx of risk assets, indicating a detachment from conventional rate spread dynamics. Investors closely monitored the Bank of England's policy stance amid expectations that higher rates would support the currency, especially as recent inflation data suggested ongoing pressures that could deter rate cuts in the near term. Additionally, comments from BoE policymaker Megan Greene reinforced the cautious approach towards monetary policy adjustments, further solidifying market confidence in the pound. Meanwhile, the pound also exhibited strength against the euro, with a modest increase indicating sustained resilience across major currency pairs. Analysts noted a weakening correlation between the pound and global equities, although its link remained stronger compared to its relationship with the US dollar. This dynamic hinted at potential further gains for the pound if risk appetite continued to prevail in the markets. Overall, the pound's performance reflected a balance between positive economic fundamentals and cautious optimism regarding central bank policy, positioning it as a currency to watch amidst evolving global market dynamics.Longby Indonesia19454
EUR/GBPif price comes down to the qml area we can look for a long position with a reversal candlestick pattern on 4h time frimeby Tugba1911k1
HUGE EG LONG FOR ELLIOT WAVE 2 PUSH!EG long is in play completed the first wave and 3 correction waves down. Its ready for a long now. Strap in and get ready to make money!Longby ChathifriendsUpdated 3
EUR/GBP - Clarity!Clear DownTrend for a good sells, long term: it will probably consolidate, just as the EUR/GBP likes, but it will not change its direction no matter how much it wants to fool us haha. Keep it Simple! Shortby DAISTRUM0
Experts meeting on the EURGBP chart ,careless friday, cheerupwait for the full swing then long it 4leg experts begging you possible buy and hold trade try to buy as low as possible .85303 tp 85737Longby AdriaFX3