eurgbp 2 scenarioseurgbp 2 scenarios . 1] buy after the break above the resistance level .. 2] sell uder the support level and follow the downtrend channel. by kostaskondilisUpdated 3
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis. Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰Longby TheGrove3313
correction After some fluctuation, it is expected to continue the downward trend and advance to the level of 78.6%. Then the downward trend is likely to continue. If the price can stabilize above the resistance range, there will be a possibility to continue the upward trendShortby STPFOREX0
Learn to take your entries at the FVGLooking for a reversal at the fair value gap let's make EURGBP into our watchlist📊by MWCAPITALS0
EURGBP SHORT TRADE FROM RESISTANCEI am expecting a short trend-following trade from a current daily resistance level. If we analyze the 1-hour chart, there is a formed head and shoulders pattern, and its neckline has been broken below. Now, we will take a trade on the retest.Shortby UKTRADERS210
EURGBP Buy ScenarioToday, we will analyze EURGBP Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Longby Biaxar3
EURGBP Sell ScenarioToday, we will analyze EURGBP Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Shortby BiaxarUpdated 226
EURGBPEURGBP tested Dec' 23 support zone forming a double bottom. Upon a complete formation of bullish engulfing candle am going long. Reasons: (1) RSI below 40 indicates over sold (2) Since Sep'23 the pair has not break the 0.85505 support zone (3) Double bottom Longby Samilefx2
EURGBP Potential DownsidesHey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area. Trade safe, Joe.Shortby JoeChampion2
✅EUR_GBP LOCAL LONG🚀 ✅EUR_GBP is going down to retest a horizontal support of 0.85516 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 0.85671 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFxUpdated 1130
Possible reactionHello friends. Based on the indicated channel, and the reaction we had, I expect to rise to the indicated diagonal line. what is your opinion? Good luck. # Let's look simplyLongby HippoTrading228
EURGBP Will Go Lower! Sell! Please, check our technical outlook for EURGBP. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.859. Considering the today's price action, probabilities will be high to see a movement to 0.857. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 221
EURGBP long story shortDear reader, I expect EURGBP to trade quite silently. I'm only going to go over technical's, since I'm taking a day trade on this vs swings like I'm used to do for some of my shared research. I expect EURGBP to consolidate until NY session and open up to the clean range. I have no intention to take a trade If price goes downwards, simply because I think that fundamentals are now playing in favor of EUR. Best regards Kevin Longby KevinBest_SmartCapitalTraders111
DeGRAM | EURGBP confluence at major resistanceEURGBP is approaching a major resistance level and dynamic resistance. Price is in a bearish trend, and it's pulling back against the major trend. The market printed a bearish harmonic pattern, which adds more confluence to the level. We anticipate a sell off and bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM119
Market Analysis: EUR/GBP Dives Below SupportEUR/GBP declined steadily below the 0.8585 and 0.8570 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8585 pivot level. There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a major decline from well above 0.8600. The Euro traded below the 0.8585 and 0.8575 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8570 level and tested 0.8555. 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 0.8570. It is close to the 23.6% Fib retracement level of the downward move from the 0.8618 swing high to the 0.8554 low. The next major resistance could be 0.8575 and the 50-hour simple moving average. The main resistance is near the 50% Fib retracement level of the downward move from the 0.8618 swing high to the 0.8554 low at 0.8585. A close above the 0.8585 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8620. Any more gains might send the pair toward the 0.8650 level. Immediate support sits near 0.8555. The next major support is near 0.8540. A downside break below the 0.8540 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 FXOpen2218
possibility of correction As long as the price fluctuates below the green resistance range, the downward trend is likely to continue By crossing the green resistance range, it will be possible to continue the upward trend up to the red resistance rangeShortby STPFOREX0
EURGBP H4 | Potential bullish reversalEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.85712 which is a pullback support. Stop loss is at 0.85400 which is a level that sits under a pullback support. Take profit is at 0.86171 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Longby FXCMUpdated 5
Euro-pound, dailyThe euro’s gain against the pound has been stronger so far this week compared to the US dollar. One of the main factors in focus is that it’s not clear when or even whether the ECB will start to cut rates this year, while the BoE and the Fed are nearly certain and very likely to cut at least once each before the end of the second quarter. However, expectations for inflation dropped close to a low of two years in the eurozone, while annual GDP in Germany for the full year of 2023 was slightly negative at 0.3%. On both the daily and the very long-term weekly chart, the overall trend for euro-pound is sideways, so it’d be unlikely to see a move clearly below 85p or above 88p without a clear new driver, probably from monetary policy. In the short to medium term, the price is probably more likely to move up due to selling saturation and lower momentum downward plus the short-term reaction to the British job report. However, the big caveat there is that both the UK and the eurozone release inflation on Wednesday, so volatility is likely to be significantly higher and the initial reaction might be false or ambiguous. Key data this week Bold indicates the most important releases for this symbol. Wednesday 17 January 7.00 GMT: British annual headline inflation (December) – consensus 3.8%, previous 3.9% 7.00 GMT: British annual core inflation (December) – consensus 4.9%, previous 5.1% 7.00 GMT: British monthly headline inflation (December) – consensus 0.2%, previous negative 0.2% 7.00 GMT: British monthly core inflation (December) – consensus 0.4%, previous negative 0.3% 10.00 GMT: eurozone-wide annual headline inflation (final, December) – consensus 2.9%, previous 2.4% 10.00 GMT: eurozone-wide annual core inflation (final, December) – consensus 3.4%, previous 3.6% Friday 19 January 7.00 GMT: British retail sales (December) – consensus negative 0.5%, previous 1.3% by Exness_Official0
British Pound can rebound up from support line to 0.8610 pointsHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price a few days ago started to trades in an upward channel, where it first some time traded near the 0.8570 support level, which coincided with the buyer zone and then bounced up. After this, the price made a correction to the support line, and then it at once rebounded and made an impulse up to the resistance line of the channel. But then, GBP made a correction again to support line, after which the price turned around and made a strong upward impulse to 0.8685 point, thereby breaking the resistance level, which coincided with the seller zone and also exited from the upward channel. A few moments later, the British Pound formed a head and shoulders pattern, after which it in a short time declined below the 0.8645 resistance level, which was a neck of this pattern too, and then continued to fall in a downward channel. At the moment, the price continued to decline in this channel and I think GBP can fall to the support line, which coincided with the support level, and then start to move up to the resistance line of the downward channel. For this case, I set my target at the 0.8610 level. Please share this idea with your friends and click Boost 🚀 Longby LegionQ88
Opportunity: EURGBP Sells.From this pair I see short term sells on the m15 timeframe. I see that there is a SMC trap just above the major low. The POI is at a supply zone, that is why it is a good entry point. The pair is in a bearish momentum, so there is no use in us trying to long it. This is for the scalpers. I have set the following: Sell Limit @ 0.86113 SL @ 0.86185(7.3 pips) Tp1 @ 0.85902 Tp2 @ 0.85800 Final TP @ 0.85677 Use proper risk management. Shortby puzzledperson28060
Bearish Setup: Trendline Break and Retest at H1 EURGBP PairHi there, There is a bearish trendline break and retest at the H1 EURGBP pair, and bearish pressure is high at the 0.86324 area. The setup will be valid as long as the price remains below 0.86535 for the major break of that low. The closest target is 0.85964, for a bias of 0.85670. Happy Trading K.Shortby KhiweUpdated 2