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!
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...
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...
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...
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! ❤️
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 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
The eurgbp pair is getting close to an extremely solid parallel support zone, where there is a good likelihood that it will move in a bullish direction similar to the last one. The price has confirmed my prediction over the past three to four times, and it is now heading toward the same area where there is a greater likelihood of a bullish move. Near the zone,...
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
My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8563 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8585 Safe Stop Loss - 0.8550 About Used Indicators: The...
EURGBP 15MIN R:R = 3 DBD ZONE : This zone is calculated by supply and demand method
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,...
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!
The market broke out the horizontal line so it will give us a sniper entry to the downside
A bearish flag is a chart pattern indicating the continuation of a downtrend. Here's a brief summary: 1. **Preceding Downtrend:** A significant initial decline in price forms the "flagpole." 2. **Consolidation Channel:** The price then consolidates within a parallel channel, forming the "flag," typically with decreasing volume. 3. **Breakdown:** The pattern is...
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...
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