EURGBP 23 May 2024 As you can see , market is in the very strong bearish trend and i believe that sellers will come come market again !Shortby wolf97433
eurgbp is bearishEUR/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 two possible further cuts this year.Shortby MtICHIUpdated 4
EURGBP Resistance Rejection ? 23.05.2024- 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 speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Shortby BDSwiss_Academy2
EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical 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 will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________Shortby weekendanalystUpdated 6
EURGBP BullishEURGBP has formed a falling wedge reversal pattern signalling a bullish trend reversal. The bullish harmonics pattern also indicates price reversal soon.Longby ruba_hasan96113
EUR/GBP: Bullish Butterfly Pattern with ConfluenceEUR/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 bullish case for a reversal at this level. Bullish RSI Divergence: Bullish RSI divergence is observed on both the 1-hour and 4-hour timeframes. This indicates that while price may be making lower lows, the RSI indicator is not confirming the downtrend, suggesting a potential weakening of bearish momentum. Trade Recommendation: Entry: Long EUR/GBP at 0.85450 Stop Loss: 0.85240 (placed below the key support area and Point D of the butterfly pattern) Take Profit Levels: TP-1: 0.85820 (targets the 1.618 Fibonacci extension of the XA leg) TP-2: 0.86030 (targets the 2.618 Fibonacci extension of the XA leg) TP-3: 0.86240 (open target, to be adjusted based on price action) Risk Management: Always practice proper risk management. This trade recommendation carries inherent risk. Ensure your stop-loss is set as instructed and only risk a small percentage of your capital on this trade. Notes: The harmonic pattern and RSI divergence are strong indications, but not guarantees of a bullish reversal. Confirmation from price action, such as a break above the key support area, is recommended before entering the trade. Market conditions can change rapidly. This analysis is based on information available at the time of writing and may not be valid in the future. Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.Longby trading_jupiter6
#EUR #GBP forming a bear flag on 1H time frame - Sell StopLooks like #EUR #GBP forming a bear flag on 1H time frame. I will wait for break of bear pole to take entry or trigger my sell stop. Entry, Stoploss and TP's on the chartShortby BullBearBTC11
New update on eurgbpA complete qml set up on sight. market shifting to take orders on the upside Longby Godzillaviews2
EURGBP: Targeting a 500+ Pips Move! Swing Buy EurgbpDear Traders, EURGBP has in bearish trend for a such a long time now, price have not shown any bullish momentum or behaviour, however, this might change price is dropping around to our discounted price zone. Where we expect a large amount of buying volume kicking in. historically, price of eurgbp tend to move slowly compared to other major pairs. So it will take months for this pair to hit our target which is 500 pips away from the entry. **like and comment our idea for more educational ideas, this will encourage us to bring you more knowledgeable ideas** Thank you, Team SetupsFX_ Longby Setupsfx_101042
EUR GBP IN A RANGE ZONEEURGBP 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 lossLongby kashif19994
EURGBPHello traders EURGBP stays strong zone of support that means buyers are now ready to resist sellers on pressure and overrule the market, so as retail traders we look chances of entries so its high probability to buy. if you need more of my setups don't miss it to follow me.Longby Abdukadir_Wardheere11
EUR/GBP Day Trading Analysis With Volume Profile 📊On EUR/GBP , it's nice to see a strong sell-off from the price of 0.85370. 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 strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Daleby Trader_Dale2
The EURGBP is in a Bearish TrendThe EURGBP is currently in a bearish trend in the one-hour time frame, exhibiting bullish divergence. The price action is adhering to this divergence, suggesting a long opportunity if the price breaks above the previous lower high.Longby aakalu224
EURGBPSimple setup with divergence. Taking entry on the breakout of previous HH.Longby orchidwings_14110
EURGBPLooking for a buy trade on EG. Reason to buy: 1. H1 chart is in oversell area. 2. possible to make inverted Head and Shoulder pattern in 1H chart. Use proper risk management. Thank youShortby joelkurienUpdated 4
EURGBPBUY 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. Longby ComteSt.Germain2
EURGBPEURGBP is currently shifting trend to bullish , expecting it to move furtherLongby onlysignals3
EURGBP - BuyStop- Bullish Divergence - Entry if the parallel resistance is broken and if it goes above previous LHLongby rehmanrafique222
EURGBP: Long Trade Explained EURGBP - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy EURGBP Entry - 0.8523 Stop - 0.8498 Take - 0.8567 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals113
EURGBP - Falling Wedge Reversal PatternEURGBP 30Mint timeframe chart is in Downtrend and break Falling Wedge Reversal Pattern with Bullish Divergence. Hence I'm doing long by using FIB Retracement to find HL level which my anticipation is at 0.5 level of Fib and take entry with Buy Limit order with Stop Loss below at Last Lower Low level.Longby qasimtahir1
Potential bullish bounce off pullback support?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.8499 1st Support: 0.8474 1st Resistance: 0.8531 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 ICmarkets12