Preferred direction: SELL Comment: Pound confidently continues to move down towards the level of 1.25381, to which there are not many points left. It should be noted that the instrument passed the key limit level 1.26200 for the local picture. Such a setup forms the prospects of falling much below the level of 1.25381. Thank you for like and share your views!
EURGBP is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 0.85552 Why we like it: There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 0.85861 Why we like it: There is an overlap resistance that sits above the 50.0% Fibonacci...
the price made a great pin bar price action that indicates the price will fly soon
Preferred direction: SELL Comment: The sellers broke down the long-awaited support level 1.08485, and a rather impressive downside potential opens before the market participants. Negative statistics during today's European session only fuels further decline. The nearest fall target is 1.07882, where the price is unlikely to stay for a long time. Potentially...
Preferred direction: BUY Comment: Trades in metals also need to be adjusted. There is also an activation of purchases here and, most likely, the instrument will soon be able to overcome the current resistance and recover to the resistance of 1912. Thank you for like and share your views!
Preferred direction: BUY Comment: The situation on the British pound has changed in favour of the buyer and approach to 1.28484 is expected in the very near future. The current trading area where the price is located has shown itself to be a very good starting point for movements in both directions. After passing the specified target, we can assume a hike...
Hello traders, we want to check the EURGBP chart. The price has reached the specified support level. We expect this level to stop the downward trend of the price. We expect the price to grow to around 0.85600. Good luck.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85000 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85000 support and resistance zone. Trade safe, Joe.
Price could potentially bounce from our entry at 0.8510, which is the swing low support level, to the 23.6% fibo retracement level. Our stop loss is at 0.8493, which is an overlap support level. Our take profit is at 0.8555, which is slightly above the 23.6% fibo retracement level, and the 100% fibo projection, which shows that there is a possibility for price to...
✅EUR_GBP is going down now But a strong support level is ahead at 0.851 Thus I am expecting a rebound And a move up towards the target at 0.853 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
My dear subscribers , I analysed this chart on EUR/GBP, and concluded the following: The price is coiling around a solid key level - 0.85172 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.85480 My Stop Loss - 0.85001 About Used...
Hello,Friends! EUR/GBP downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.854 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/GBP pair. ✅LIKE AND COMMENT MY IDEAS✅
TP1 Target Hit as per predication Bearish Flag EURGBP in 1 Hour Chart found, Happy Trading Enjoy the Profit
As it can be observed from the DAILY timeframe chart on EURGBP, the sentiment of the market is bearish. After printing a Head&Shoulders pattern and grabbing liquidity above the right shoulder of it, the price experienced a massive drop and is now sitting on a key zone of support. From here, we are expecting for some correctional moves to happen before the...
Preferred direction: SELL Comment: At the beginning of a new trading week, the Euro is trying to recover, but most likely this attempt will not succeed. The price approaches the round level 1.09000, which is the resistance. From this value, the downward movement is expected to continue towards 1.08485, with a further move down. Thank you for like and share...
Update for EURGBP. Earlier, we spotted a confirmed breakout of a key daily support. The market is retesting the broken structure at the moment. The price formed a bearish flag pattern on a 4h time frame. Your confirmation to sell will be a breakout of its lower boundary - 4h candle close below a trend line will confirm a violation. A bearish continuation...
EUR/GBP declined heavily below the 0.8600 and 0.8565 support levels. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is trading in a bearish zone below the 0.8565 pivot level. · There is a major bearish trend line forming with resistance near 0.8545 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at...
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...