50/50 chance of working. But extreme RR makes it worth buying some inventory. I have allocated 10% risk
My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8543 pivot level. Bias -Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8564 Recommended Stop Loss - 0.8528 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
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...
Please, check our technical outlook for EURGBP. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.854. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.855 level. P.S The term oversold refers to a...
long-term swing trade call daily timeframe EURGBP is in bullish channel testing the lower bottom near month low bullish diversion fundamental analysis Buy sentimental analysis Buy technical analysis BUY TRADE DETAILS BUY CALL ENTRY 0.8547 STOPLOSS 0.8527 TP1 0.8576 TP2 0.8600
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...
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...
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...
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 has been slowly riding downward but we can see a sharp drop next European session.
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...
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!
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.
When the market broke the line it left a breaker block and came back for it ,it's a sign of market shifting to the down side
EURGBP - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy EURGBP Entry Level - 0.8552 Sl - 0.8534 Tp - 0.8580 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Dear Traders, EURGBP now in Falling Wedge , and i except price continue downward to 0.84000-0.84600 Area, I Specified 2 boxes , 1- BOX 1 : Normal Risk (Blue Box) 2- BOX 2 : very Low risk -Safe , (Red box) TP 1 : 0.86500 TP 2 : 0.87500 TP 3 : 0.88800 SL : 0.83500 Dont forget like &Comment please ! Regards, Alireza!
Looks 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 chart