Hello 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...
This 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 guys
A harmonics pattern has formed in EURGBP in the presence of divergence which indicates a likely trend reversal.
We looking for selling opportunities as we broke outside the bullish trend resulting in sells
💹 Let's review and update our previous analysis of the EURGBP currency pair returning to the box. 🕰️ In higher time frames, we are still observing a range-bound movement, similar to lower time frames. This type of logical oscillation is expected given the policies of the UK and Europe, resulting in minimal fluctuations between these currencies. 🌟 As previously...
The 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:...
The current situation in the EUR/GBP market indicates a notable demand zone, primarily centered around the 0.85800 level. This zone suggests a significant level of buying interest or support for the euro relative to the British pound. Additionally, there are notable demand levels at 0.85600, 0.85200, and 0.85000, further indicating areas where buyers are actively...
OANDA:EURGBP The pair has made a substantial retracement and formed a bearish divergence, which brings an opportunity to sell the pair targeting the major support line.
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement...
A 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...
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...
We looking for buying opportunities as we broke the bearish trend resulting in a change of trend to the upside
My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8613 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8586 My Stop Loss - 0.8627 About Used Indicators: By the very...
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...
EURGBP for Short Small Trade showing my ADCB peterns
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! ❤️
A 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...
"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."."