Hi folks today I'm prepared for you British Pound analytics. Some time ago price rebounded from the resistance level, which coincided with the resistance zone, and tried to rise, but failed and in a short time turned around and made a strong impulse down to the support level, breaking the 0.8570 level. After this movement, GBP turned around from the 0.8530 level...
Hello,Friends! EUR/GBP pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.855...
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8568 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.8596 which is a level that sits above a pullback resistance. Take profit is at 0.8531 which is a pullback support. High...
Hello,Traders! EUR-GBP made a rebound From the demand levels Below around 0.8531 Just as I predicted but Is now retesting the broken Support line of the inclined H&S pattern that broke to The downside and this broken Support line is now a rising Resistance so I will be Expecting the pair to make A local bearish pullback Sell! Like, comment and subscribe...
📉 Let's analyze the EURGBP currency pair together across lower time frames and explore possible strategies and scenarios. 💹 This currency pair tends to form boxes and mostly trades within ranges across various time frames. Whether in higher or lower time frames, it moves within both large and small boxes. 💼 For range traders, especially in the 4-hour time frame,...
My dear followers, I analysed this chart on EURGBP and concluded the following: The market is trading on 0.8549 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8561 Safe Stop Loss - 0.8541 About Used Indicators: A super-trend indicator is plotted on either above or...
Preferred direction: BUY Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We...
Preferred direction: BUY Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500...
Hello traders, we want to check the EURGBP chart. After breaking the uptrend line, the price has pulled back to the specified key level. We expect this level to act as a resistance level and the price will fall to around 0.85400. Good luck.
The recent price action on the EURGBP pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area. Trade safe, Joe.
Market Analysis: EUR/GBP Dips to Support EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8572 pivot level. There is a connecting bearish trend line forming with resistance near 0.8562 on the hourly chart at FXOpen. EUR/GBP Technical...
Market Analysis PT2/2 (9th April 2024) EURGBP Analysis On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well. In order for price action to continue shorting, i expect...
Hello,Traders! EUR-GBP broke out of The bearish flag pattern And the breakout is confirmed So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
MARKET PHASE OANDA:EURGBP is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure...
Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower,...
Eurgbp has been showing signs of low buying pressure so i gave gave you guys that trading idea yesterday 2 days ago and the rest is explained in the video lol enjoy
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price...