Currently, the EUR/GBP pair presents a favorable buying opportunity, with the buy zone identified at 0.85969. This suggests an advantageous entry point for traders looking to capitalize on potential gains in the market. As for profit-taking levels, targets are set at 0.86300, 0.87319, and 0.86492, offering multiple opportunities for traders to secure profits at...
We looking for selling opportunities as we broke outside the bullish trend resulting in sells
EURGBP is moving in an ascending channel between the trend lines. The chart has reached the upper boundary of the channel and the dynamic resistance, and formed descending tops. Previous reaches of the resistance level were accompanied by declines. We expect a pullback to the 38.2% retracement level of the last bullish momentum. ------------------- Share...
Eurgbp is bullish overall so we have to enter the trade for the continuation. Market has sweeped the liquidity and given a valid CHoCH so this is my Setup to go LONG on EURGBP.
DAILY - Bullish M - IC - SD zone - Impulse / correction WEEKLY - Buy zone - Last closed candle bullish - Bearish fib (!!) 4 HOUR - Impulse / correction - P2P: Bullish m & Inv hs - Fib completion Looking to open a buy position if current 4h candle closes in grey box.
It is valid before reaching the target. For being more persice entry, you should go to m1 timeframe.
Price Action Day Trading. Price has broken down the support level setting a lower low. This has brought the price back into the Range Zone. H4 TF price is bearish. It has created a good opporunities to short the pair. Set short trade at the broken support level. SL above the swing high of H1 TF. Targeting Range Swing low
It is expected that the price will fluctuate in the current range and then we will witness the beginning of the upward trend starting with the breaking of the resistance trend line.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85900 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area. Trade safe, Joe.
Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.8582 Stop loss: 0.8559 Take profit: 0.8618 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party...
The EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below): We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached...
Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer. Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20. The first of the two jobs...
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...
Hello,Traders! EUR-GBP is trading above The horizontal support Of 0.8581 and the pair Will soon retest it and After that I will be Expecting a local Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
"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."."
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.
1.Market structure Gets Rejection from Resistance On Daily time Frame 2.There is Bearish Engulfing candle on daily 3.There is formation of double top Pattern on H4 4.there is Divergence In RSI on H4 5.there is divergence in Momentum
Daily: - Bullish M - IC as S&D zone with strong zone in the past - D BOC is not tapped *Expect to retest the strong push (break and retest of that strong zone) Weekly: - 4/4 Weekly criteria *Weekly P&P is active and will maybe go the the weekly TP *Weekly BOC is tapped, waiting how sellers are reacting on that! 4H: - Bullish MS - Correction with 3 leg...