Hey Traders, In today's trading session, our attention is on EURGBP, as we seek a selling opportunity around the 0.86500 zone. Having previously traded in an uptrend, EURGBP has recently broken out from this pattern and is currently in a correction phase. The correction brings the currency pair towards the retrace area at the 0.86500 support and resistance region,...
EURGBP - 24h expiry We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. Bespoke resistance is located at 0.8630. Preferred trade is to sell into rallies. We look to Sell at 0.8630 (stop at 0.8658)...
Hello,Traders! EUR-GBP is trading in a Local uptrend and the pair Went up just as I predicted Then broke the key horizontal Level of 0.8616 and the breakout Is confirmed which reinforces Our bullish bias and I think That we will see a further move up After a potential pullback Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP is reversing from our sell entry and is reaching our take profit level. Sell entry is at 0.86310 which is a pullback resistance. Stop loss is at 0.86490 which is a swing-high resistance level. Take profit is at 0.86134 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Hello,Traders! EUR-GBP broke out of The parallel range in which The pair was accumulating For the next move so now we Are locally bullish biased And I think that we will see A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: As we can see here price was in a range for the last couple of days and now it manipulated buy side liquidity and rejected from bearish order block. I expect we can see distribution lower for taking sell side liquidity Fundamental news: On Thursday we will see the results of Interest Rate...
Hello,Friends! EUR/GBP is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of...
Price could react off our buy entry which is a multi swing-low support level at 0.85631. Our take profit is at 0.86107, an overlap resistance level. Stop loss is at 0.85306, which is 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 against...
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Very strong bear move needs a correction, but when ? We are into a very big range on the weekly/daily timeframe so risky to take a directional trade. However, we can see an accumulation at this level with a trap letting me think about the correction ... let's see if we can surf on the correction now ... Great Trade !
Overall market direction is bearish, The monthly pivot seems to have broken on the daily at least, likely its going to touch the wedge or bearish flag tp, if all breaks then tp3, we need a solid break of 4h support to confirm this trade 100%, but I feel like the patterns are already enough to push this through. 😊✅
The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.85900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area. Trade safe, Joe.
Hi folks today I'm prepared for you British Pound analytics. A short time ago price declined to resistance 1, but at once rebounded and started to move up to resistance 2, which coincided with the resistance zone. EURGBP at once rebounded from this level and fell below, but soon it bounced back and even entered to resistance zone, where it reached the trend line....
Here is our detailed technical review for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.856. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.851 level soon. P.S The term oversold refers to a...
✅EUR_GBP is trading in a Downtrend and the pair is now Accumulating in a bearish range Pattern so IF we see a bearish Breakout then we are likely To see a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EURGBP is bouncing off our buy entry to our take profit level. Entry: 0.85622 Why we like it: There is a multi-swing-low support and it aligns with the 78.6% Fibonacci retracement level. Stop Loss: 0.85622 Why we like it: There is the pullback support level Take Profit: 0.86163 Why we like it: There is the pullback resistance level Please be advised that the...
Welcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...