Hello,Friends! We are going short on the EUR/GBP with the target of 0.859 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: BUY Comment: Market participants are waiting for data on the US labor market, and it is pointless to try to "predict" the price movement. However, there is a very likely scenario, mainly based on their previous ideas for this currency pair. A downward movement towards the level of 1.09000 is expected, where Friday's buyers can show...
EURGBP smoothly playing the technical levels. Recently it break through range around 0.8590 region and now it retesting the broken level and still respecting the inclining trendline. Will the pair hold above the inclining trendline and buyers once again took benefit from these confluences?
Anticipating higher prices on EG. Looking for price to trend higher before a potential higher timeframe reversal/retracement. Will see how price forms on the lower timeframes near my entry level. R2F
The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that...
We broke the daily market structure on July 19th and retraced beautifully in the buy zone last week. It looks like we can see some upside move here on to the sell zone. Entry - 0.85650 Stoploss - 0.85360 First Target - 0.86330 Final Target - 0.86770 Please let me know your inputs. Happy Trading!
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86100, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86100 support and resistance zone. Trade safe, Joe.
EURGBP is in a sideways range amid a downward global trend. The price is testing the upper boundary, which plays the role of a strong resistance, where there is a high chance for a rebound TA on the high timeframe: 1) False breakdown of 0.8666 forms a fall to the support, thus the price confirms the presence of flat 2) Impulse is forming, most likely the area of...
Preferred direction: BUY Comment: Finally, we can look for buy-position in the Euro. As we expected, the price fell a little under the level of 1.09623 towards the next potential sellers' target at 1.09000. This probability still remains, but it is already possible to start open buy-position, it would be optimal to break your position into three, that is, to...
Preferred direction: Neutral Comment: The sales provided in the previous trading ideas for metal have been fully worked out. However, most likely sellers will push the price a little lower to the level of 1938.915, which we also discussed earlier. There is also potential BUY-area there with upside potential to 1981.680. Thank you for like and share your views!
Dear 500 bros, In my opinion, the pair of EURGBP is making a nice Bullish Diamond Pattern. So, I have a Setup for Buy order at current rate. Happy trading!
Hello traders, we want to check the EURGBP chart. The price has broken a range zone to the top and hit the ceiling of the pullback range channel. We expect this level to play the role of a support level and maintain the upward trend of the price. We expect the price to grow around 0.86300. Good luck.
Dear colleagues, I assume that the deep correction is over and the price is starting its upward movement. The first target is the resistance area of 0.86121. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we can see the confirmation of AMD Pattern, as for the last couple of days price was in a range and now price manipulated buy side liquidity and rejected from bearish order block, so I expect the distribution lower. Fundamental analysis: This week on Thursday will be released Bank...
Hey Traders, in today's trading session, our focus is on the EURGBP currency pair, specifically looking for a favorable buying opportunity around the 0.85750 zone. The recent price action of EURGBP has been showing a downtrend, but it has successfully broken out of that trend. At present, the pair is undergoing a correction phase, and it is nearing a critical...
Preferred direction: SELL Comment: In our last trading ideas, we traded the pound long and after a short pause on this instrument, most likely, we should not expect short-term buy. You can look at them only at the level of 1.26989, at least. The week is full of macroeconomic data, so you should be prepared sometimes for sharp jumps in both directions. The...
Preferred direction: SELL Comment: The euro, as expected, fell to the support at 1.09623 and, most likely, the selling pressure will not weaken. The closest target to which the price can easily approach is 1.09000. Level 1.08485 is the second target for sellers. As mentioned earlier, most likely the instrument will be under pressure throughout the week, and...
Hi folks today I'm prepared for you British Pound analytics. Some days ago price fell to the 0.8550 - 0.8535 support zone, which coincide with the support level and soon it bounced and made impulse up to the 0.8655 resistance level. After this, EURGBP started to decline and fell lower at the 0.8550 - 0.8535 support zone, thereby breaking the support level, but at...