EUR/GBP is currently exhibiting a bullish technical setup based on a harmonic pattern and RSI divergence, suggesting a potential upside move. Harmonic Pattern Setup: A bullish butterfly pattern is forming on the EUR/GBP chart. Point D of the pattern, also known as the Potential Reversal Zone (PRZ), is nearing a key support area. This confluence strengthens the...
EUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.8533 which is a pullback support that aligns close to the 78.6% Fibonacci projection level. Stop loss is at 0.8510 which is a level that lies underneath a pullback support. Take profit is at 0.8577 which is a pullback resistance. . High...
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...
Since May 14, 2024, the EUR/GBP pair has been in a downtrend, but recent technical indicators suggest a potential reversal. The price has formed a bullish divergence at a key support level on the daily trendline, accompanied by a double bottom pattern and the completion of an ABCD harmonic pattern with divergence at point D. This confluence of bullish...
EURGBP initially began the year in a fairly well-defined trading range but showed bullish impetus after breaking out of the consolidation pattern. However, bullish momentum appeared lacking, as the pair struggled to maintain a steady directional move and has since shown a penchant towards mean reversion. 0.8635 proved too high to handle for the pair previously...
Hello,Traders! EUR-GBP went down And has reached a Rising support line from Where we are already Seeing a bullish rebound And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP is trading in a range for quite a while, currently taken a support from a key support area good buying opportunity with a short stop loss
EUR/GBP is breaking back inside a medium-term range after briefly breaching to the upside. The pair is extending its sideways trend and could fall all the way back down to the range lows. The UK Unemployment Rate climbed to 4.3% in the three months to March from 4.2%, as expected. The markets are largely pricing in the ECB rate cut as early as next month, with...
On EUR/GBP it's nice to see a strong sell-off from the price of 0.85760. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
Considering that the support range has been broken, it is expected that the downward trend will start in the long term. If the price crosses the support range, the downward trend will continue
The EUR/GBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish in the Eurozone and more bullish (relatively) the UK economy (as a whole). Rightfully so as the Eurozone faces a lot of growth issues and disinflationary pressure, while...
Hello,Traders! EUR-GBP fell down and The pair is locally oversold So as it is about to retest The horizontal support at Around 0.8500 we will be Expecting a local Bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP is currently in a bearish trend, moving within a well-defined channel. A break below the higher low (HL) on a shorter time frame will trigger a trade execution, signaling a continuation of the downward momentum
BUY on the theory markets ranges 70% of the time and BUY on the theory markets retraces HALF of the previous leg 90% of the time.
We posted this last week and hit the target but what's coming next is even way better.we will look for sniper entries to the upside only
- Identified resistance in 15min chart of EURGBP - Strong potential for price decline if rejection by resistance holds - Strong potential for price rise if resistance is breached upward. - Implement risk management strategies _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Daily: - Bullish M - Fakeout - Clean S&D zone - New liquidity *Bigger D BOC is not tapped yet (+) Weekly: - Market structure: Bullish (Pattern) - Last candle close: Bearish - FIB: Bullish - ZONE: Bullish 3/4 LONG 4H: - Waiting on deceleration - Clear buying orders in history around this zone - New action caused 4H bullish momentum