short idea on EURGBP"I have an idea to short EURGBP. Currently, the price is moving sideways in the 1-hour timeframe, and I can identify a potential reversal moment. I assume that the price will drop to touch the lower level of 085148, then rebound to a higher level before a significant reversal to 086333."."Shortby menaloga3
SELL EURGBPThere is a big divergence in a 1hr time frame so place an order of sell stop.Shortby samiiqbal640510
check the trend If the price crosses the current support range, it will be possible to continue the downward trend according to the specified path. Otherwise, the price above the support range is expected to stabilize and then the continuation of the upward trend is likelyby STPFOREX0
EUR/GBPThe "bullish crab" is a pattern in technical analysis used by traders to forecast potential price reversals in financial markets, particularly in stocks or cryptocurrencies. It's considered a harmonic pattern and is identified by specific Fibonacci ratios between price waves. Here's a brief overview of its characteristics: - The pattern typically consists of four price swings or legs labeled XA, AB, BC, and CD. - The AB leg retraces a portion of the XA leg by a Fibonacci ratio (usually 38.2% to 61.8%). - The BC leg extends beyond the XA leg, often by a Fibonacci extension ratio of 2.24%. - The CD leg retraces a portion of the BC leg, usually around 38.2% to 88.6%. - The pattern resembles an inverted "W" or a sideways "M," with the CD leg typically being longer than the AB leg. When traders spot a bullish crab pattern forming, they interpret it as a signal that the price may reverse higher. However, like all technical analysis tools, it's not foolproof and should be used in conjunction with other indicators and analysis methods for making trading decisions.Shortby B9A-88652-NisarAhmad0
Eurgbp sellThis pair will drop roughly about 70 pips, as we see the market just formed a double top. We might see a pullback to 0.8520 at least. Risk management guysShortby Guineafx224226
British Pound can rebound down from seller zone to support lineHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price made an impulse up inside the downward wedge from the support line to the resistance line, breaking the resistance level, which coincided with the seller zone. But later EURGBP turned around and in a short time declined to the support level, which coincided with the buyer zone, breaking the 0.8615 level one more time. Soon, the price broke the 0.8550 level and fell to the support line of the wedge, after which rebounded and in a short time rose higher than the resistance line, exiting from the wedge pattern and soon broke the 0.8550 support level again. After this movement, the price continued to grow inside the upward channel, where later GBP reached a resistance level, but at once rebounded and made little correction. A not long time ago price grew back to this level and at the moment trades very close. So, in my opinion, the British Pound can enter to seller zone, after which turns around and starts to decline to support line of the upward channel. For this case, I set my target at 0.8585 points. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ8118
Falling towards 38.2% Fibonacci support?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.85808 1st Support: 0.85636 1st Resistance: 0.86184 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets4
EURGBP for Short Small TradeEURGBP for Short Small Trade showing my ADCB peternsShortby MazharghouriUpdated 3
EURGBP: testing the 200-dayA price action above above 0.8650 supports a bullish trend direction. Bullish confirmation for a break above 0.8630. The target price is set at 0.8675 (just above its 200-week simple moving average). The stop-loss is set at 0.8560. Building a base on major support, which might support the bullish trend. Furthermore, a break above and slight reversal will support the 200-day simple moving average.Longby Peet_Serfontein2
EUR/GBPA bearish AB=CD pattern is the opposite of its bullish counterpart. It typically forms during an uptrend and signals a potential reversal to the downside. The pattern consists of four price points, forming specific geometric shapes, where the CD leg retraces a specific Fibonacci ratio of the AB leg. Traders look for this pattern as a signal to potentially enter short positions, expecting the price to decline following the completion of the pattern. However, as with any trading pattern, it's important to confirm its validity using other technical indicators or analysis techniques before making trading decisions. Additionally, risk management strategies should always be applied to mitigate potential losses.Shortby B9A-88652-NisarAhmad4
EURGBP BEARISH CHANGE IN STATE OF PRICE DELIVERY Confluences that indicate that EURGBP will be bearish till the rest of the week 1. the wk fvg has been mitigated 2. break of structure with the Change in the state of price delivery 3. retest on the Mean threshold of the Bearish order-block 4. 0.702 fib retracement level coincides with the mean threshold 5. liquidity pool below the market structure 6. an old swing point as a definite targetShortby fudosman4
EURGBP PLAYED OUT WELL1. PSTG 1 was hit 2. PSTG 2 was hit 3. Market did retest on the zone i predicted that it is going retest at. ///trade/// Longby Themba_PM1
Which one ? SELL or LONG ?Hello Traders, I hope you doing great. for upcoming week, we'll have two option. The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell. if this post was helpful to you, please like and share.by aminrzbUpdated 448
EUR/GBP may rise to 0.8644 - 0.8690 1hr/4hr/1day Weekly chart is also bullish. Pivot 0.8515 Our preference Long positions above 0.8515 with targets at 0.8644 & 0.8690 in extension. Alternative scenario Below 0.8515 look for further downside with 0.8460 & 0.8410 as targets. Comment The RSI calls for a new upleg. Supports and resistances 0.8725 0.8690 0.8644 0.8605 Last 0.8515 0.8460 0.8410 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson1
EUR/GBP Day Trading Analysis With Volume Profile 📊EUR/GBP, it's nice to see a strong buying reaction at the price of 0.85860. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Daleby Trader_Dale3
continue to uptrend It is expected that the upward trend will continue according to the specified paths. As long as the price fluctuates above the 78.6% level, the continuation of the upward trend is likelyLongby STPFOREX0
Long EUR/GBPIn Daily time frame, the price got supported by a short term channel bottom line. Slow Stoch and RSI both are in a over sold level, crossed and turned to North. The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area. Longby ChinaHelloWorldUpdated 115
the price is trading above the Ichimoku cloud EURGBP LongThe buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out Potential Trade Opportunity: Currency Pair: EUR/GBP Position: long Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 0.85931 Stop Loss: 0.85891 Take Profit: 0.86059 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.Longby Intraday_Forex_by_WaelUpdated 221
AB=CD Pattern in EURGBPA harmonics pattern has formed in EURGBP in the presence of divergence which indicates a likely trend reversal.Shortby ruba_hasan96112
EURGBP: Short Signal with Entry/SL/TP EURGBP - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURGBP Entry - 0.8584 Stop - 0.8600 Take - 0.8558 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
EURGBP Expected Growth! BUY! My dear friends, My technical analysis for EURGBPis below: The market is trading on 0.8566 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8574 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 111
EUR/GBP BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.856 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112