Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.
Pair : EURGBP ( Euro / British Pound ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Fibonacci Level - 61.80%
Confluences for a this buy setup are displayed in the image already. Took a buy order for this trade already based on one hour bullish engulfing candle. Let me know your thoughts on this trade and kindly give me a boost and follow if you love my analysis, you can take a tour on my page to also check out other analysis.
Based on the HH & HL, plus the parallel channel, looking to go long if the previous HH is crossed.
Going Long based on - HH & HL - Parallel Channel Looking to take entry on Fib Level
Preferred direction: SELL Comment: As part of the upcoming weakening of the American currency in the medium term, one of the most promising currency pairs for such a trade is USDCAD . The fall is considered towards the level of 1.35000 , target №2 - 1.34000 . The more likely scenario №1 still assumes a preliminary update of the maximum, that is, a...
EURGBP broke the previous Lower High and printed a series of Higher Highs and Higher Lows suggesting a Bullish Shift. Using the Fib Retracement tool, the Entry Price along with Stop Loss and Take Profit Levels are suggested.
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
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...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
EURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending...
Preferred direction: BUY Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2) . Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected. Scenario №1 is a higher priority, but a potential short-term weakening and fall...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8561, which is a pullback resistance that is close to the 38.2% Fibo retracement. Our take profit will be at 0.8531, a multi-swing low support level. The stop loss will be placed at 0.8585, a multi-swing high resistance level High Risk Investment Warning Trading...
Hello traders, we want to check the EURGBP chart. The price has reached the specified support level after moving in a descending channel. We expect this level to stop the downward trend of the price and the price will grow to around 0.85650. Good luck.
My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8572 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8550 Safe Stop Loss - 0. 8583 About Used Indicators: The...
EURGBP - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long EURGBP Entry Point - 0.8542 Stop Loss - 0.8534 Take Profit - 0.8561 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello traders, I want share with you my opinion about British Pound. If we look at the chart, we can see how the price some days ago it rebounded down from the 0.8575 resistance level and broke it, after which the price started to trades in the range, where it declined to the 0.8530 support level, which coincided with the buyer area. Then GBP bounced from this...
My dear friends, Please, find my technical outlook for EUR/USD below: The instrument tests an important psychological level 0.8570 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 - 0.8551 Recommended Stop Loss - 0.8581 About Used...