Here is my analysis for EURGBP on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EUR/GBP is rising and might climb above the 0.8755 resistance. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is gaining pace and trading above the 0.8720 zone. · There is a major rising channel forming with support near 0.8735 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a...
We're hitting a resistance zone on the 4h timeframe, we're entering a short position.
Pair : EURGBP ( Euro / British Pound ) Description : Completed " 1234 " Impulsive Wave at the Lower Trend Line of the Corrective Pattern " Rising Wedge " in Short Time Frame. It will Reject from the Fibonacci Level - 61.80% or Previous Resistance Level forming Triple Top Entry Precautions : Wait for the Proper Rejection Price Action
Preferred direction: SELL Comment: The trading idea of shorting the pound has been fully worked out. Level 1.22370 has been reached. At the moment, another small downward movement is expected. Most likely, before the weekend, sellers will shake out short-term buyers as much as possible. After which, at the very close, we can most likely expect a slight...
Sell limit set from order block where there is also imbalance from 0.87234. Break of structure has also happened. There is some liquidity to be filled before it triggers. Targetting lower orderblock that also has imbalance. All analysis on 1hr timeframe
Preferred direction: Neutral Comment: The euro situation requires some adjustments. At the moment, most likely the currency pair will grow a little more. The growth will be with the aim of updating yesterday's high. After which the medium-term downward decline is likely to continue again. Thank you for like and share your views!
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Preferred direction: SELL Comment: Today, especially the euro and the pound have performed well, being able to resist the dollar and recover. However, most likely this will not last long and all instruments will fall further. The entry point is currently blurred. The most conservative option would be to enter after a slight increase. The downside potential is...
Hey Traders I believe EURGBP has a good chance to continue moving up to re-test the previous area of resistance, overall market direction is bullish. Today's eur retail sales did not influence the market too much, I feel the trend will continue moving up since we had strong breaks of moving averages.
As you can see, the market structure is bearish and we looking for a sell. There is a bearish order block with liquidity that makes it even stronger. Attention please: We need LTF confirmation for entry. 💡Wait for the update! 🗓08/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #EURGBP. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Using the intra-day wedge to get short after we broke the Daily up trend yesterday. That candle did close bullish, but I think the intra-day wedge helps to establish the short bias. Target is perhaps optimistic but with a positive swap, I'm happy to hold overnight. Stop above high of day at 0.86882 Targeting ExMo low/Previous days low around 0.86550 Broker...
Price is hovering below our sell entry at 0.8687, which is an overlap resistance level, slightly below the 50% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8724, which is placed beyond the swing high resistance level. Take profit is at 0.8658, which is at the swing low support level. High Risk Investment Warning Trading Forex/CFDs on...
H4 is rejecting support. M45 and h1 show engulfing bull strength. Overall bull structure.
After a beautiful rising wedge, now this is broken and the support line became a resistance one so on daily now im bearish in short term.
💬Description: According to the previous scenario, in a certain future (1-2 weeks) , we expected a temporary strengthening of the Euro , which is currently happening. In the near future, most likely, buyers will approach the level of 1.06745 , from where the “insidious” plan of buyers to “throw out” sellers from the market will begin. To do this, it is necessary...