EUR/GBP is falling towards an overlap support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 0.86547 Why we like it: There is an overlap support level Stop Loss: 0.85980 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Take Profit: 0.87199 Why we like it: There...
Price is in a downtrend, reaching our sell entry. It could breakout of the sell entry and reverse to the take profit level. Sell entry is at 0.86587 which is an overlap support level. Stop loss is at 0.86837 which is a level that sits above an overlap resistance and the 61.8% Fibonacci retracement level. Take profit is at 0.86017 which is a pullback support...
EUR/GBP is gaining pace and might extend its rally above the 0.8700 zone. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP started a fresh increase above the 0.8620 resistance zone. · There is a major bullish trend line forming with support near 0.8640 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: As we can see here price started to form higher lows and higher highs, so we could see a bullish market structure here. I expect upside move form here after price filled the imbalance and reacted from institutional big figure 0.86000. Like, comment and subscribe to be in touch with my content!
Hello,Friends! EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.860 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair. ✅LIKE AND COMMENT MY IDEAS✅
In the current market scenario, the EURGBP pair appears to be undergoing a phase of consolidation following a preceding downtrend. The price action is forming a discernible flat bottom, a pattern indicative of accumulation, further complemented by a bullish divergence observed on the Relative Strength Index (RSI). Should the price breach the defined entry point,...
My dear friends, Please, find my technical outlook for EURGBP below: The instrument tests an important psychological level 0.8653 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8606 Recommended Stop Loss - 0.8677 About Used...
Looking for Impulse Down. EurGbp moving down soon. EG formed a bearish wedge pattern to fall. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments. Learn & Earn! Wave Trader Pro
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price started to move up in rising channel, where it first fell to support line and then made upward impulse. GBP broke resistance level, which coincided with resistance area, and soon broke resistance line, but later fell back. A few moments ago...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
Here I have EUR/GBP on the 4Hr Chart! Price Action created a Higher High breaking our Confirmation @ .86340! Will be looking for price to make a small retracement into my Entry Zone before making its way to Sequence Target! *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES...
Price is rising toward our buy entry at 0.86362 which is an overlap resistance. Our take profit will be at 0.86980, an overlap support level. The stop loss will be placed at 0.85792, above a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work...
Please, check our technical outlook for EURGBP. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.860. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.865 level. P.S Overbought describes a period of...
EURGBP - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell EURGBP Entry Level - 0.8601 Sl - 0.8617 Tp - 0.8571 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8608 pivot level. Bias - Bearish My Stop Loss - 0.8626 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8575 About Used Indicators: The average true range ATR plays an important...
EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...