Trade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
UK: Labor data to keep Bank of England expectations hawkish The Bank of England has made it clear that the decision on June rate hike will be underpinned by the two sets of wage and inflation data out before the next meeting. The first of these unemployment and wage numbers will be out on Tuesday, with consensus expectations not suggesting any let up in concerns...
After the yesterday's pullback, EURGBP reached a wide horizontal zone of supply. 0.873 - 0.8765 is the area from where the next bearish move will most likely initiate. The next goal for the sellers will be 0.866 Because the underlined area is quite wide, look for an intraday confirmation before you sell. ❤️Please, support my work with like, thank you!❤️
EUR/GBP Swing Targets Based on the analysis conducted my internal algorithm, there is a primarily bearish trend detected in the EUR/GBP pair. Swing targets have been identified and are indicated on the chart.
I spotted an ascending triangle formation on EURGBP on a daily time frame. The market is currently stuck between its horizontal neckline and a rising trend line. Bullish breakout of a trend line (daily candle close) will be a strong bullish signal. A bullish continuation will be expected to 0.892 level then. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.88200 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.882 Support and resistance zone so we will be how the price action there will be for a potential reversal. Trade safe, Joe.
Expecting weakness in the dollar this week. Monthly and weekly time frames are bearish. The daily timeframe is in a correction which appears to be complete. We will need to see an H4 break of structure to the downside by tomorrow in order for the daily to resume its decline.
The EURGBP broke out of the triangle and beyond the 0.8820 price level to trade significantly higher as the price was driven by a weakening of the GBPUSD. Currently, the EURGBP consolidates just under the immediate resistance level of 0.8860, with a confirmation of further upside potential if the price breaks above the resistance level. Beyond 0.8860, the next...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.878 zone, if we manage to get a breakout we will consider a potential retrace of the trend at the support and resistance zone mentioned in the chart. Otherwise the plan will be cancelled. Trade safe, Joe.
After we had a break of structure to the downside with momentum, price left an imbalance behind that it retraced to fill it. In the process, it also accumulated some liquidity that it is currently looking to use to fuel its move down to take liquidity it has formed at the bottom as well
EURGBp on the 4h chart after the test of the 0.89200 area dropped to the 0.87200 exactly at the 0.618 Fibonacci level. The price claimed back immediately to the 0.5 Fib level over a weekly structure and is now trading below a minor resistance level. According to Plancton's strategy IF the market will break above we can set a nice long order as the MTB strategy expect.
EURGBP has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
In this week's Tradingview analysis, I've examined eight individual currencies and marked off key levels, support/resistance, and trendlines. These charts help me gauge the strengths and weaknesses of different pairs, which I'll be keeping an eye on for the week. However, the fundamental landscape is also worth watching, especially with the upcoming CPI event....
We have a parallel channel in the 4-hour time frame and a flag pattern in the lower time frame, which is currently strongly broken and the flag pattern will be broken soon. Having said that, we will wait for the euro to gain strength against the pound.
The currency pair EURGBP appears to be following a pattern where it retraces off a trendline to create a price reversal. The pattern has been observed in the past where the pair had one touch and then dropped, followed by another touch and another drop. Currently, the pattern seems to be repeating itself where the pair has touched the trendline and is expected to...
Pair : EURGBP ( Euro / British Pound ) Description : Rising Wedge as a Corrective Pattern in Long Time Frame and Rejecting form the Upper Trend Line Completed Impulsive Wave " 12345 " and Correction " ABC " Wave Divergence Descending Triangle Bullish Channel S / R Level
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.881 zone, once we will receive any bullish confirmation the trade will be executed. Trade Safe, Joe.
A fully formed inverted head and shoulders pattern has now been spotted. With EURO news just around the corner with ECB President Lagarde speaking, we could see a quick influx for the Euro. This could be a chance to pickup a quick few $$$ Take home 50 pips! and grab that Liquidity above! Id then be looking to short back down to support as our weekly timeframe...