EURGBP could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 0.86309 Why we like it: There is an overlap resistance just below the 23.6% Fibonacci retracement level Stop Loss: 0.86695 Why we like it: There is an overlap resistance Take Profit: 0.85769 Why we like it: There is an...
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for the positive sentiment in EUR is that the USD has been quite weak in recent weeks. But a good UP SIDE BIAS is coming for EUR...
Hello,Friends! We are now examining the EUR/GBP pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.862 level. ✅LIKE AND COMMENT MY IDEAS✅
The EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement. Several technical indicators support this bearish outlook. The pair's recent price action has formed a series...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.86500 support and resistance zone. Trade safe, Joe.
EURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022. This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021. Trading Plan: 1. Buy on the current market...
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Waiting for a retest of 0.86764 to short EURGBP back to 4H swing lows at 0.856763 If you agree drop a like and if you have any questions leave a comment :)
My dear followers , I analysed this chart on EUR/GBP, and concluded the following: The asset is approaching an important pivot point 0.85980 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.86626 Safe Stop Loss - 0.85630 About Used...
So after the long wait, price is about to hit our TP. The market was in a range for a long time, forming a decending triangle. The decending triangle confirmed our SHORT analysis. After the breakout downwards the market is heading down to our TP.
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 1D 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 0.867...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86300 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently EURGBP seems to be in a correction phase in which it is approaching the retrace area at 0.86300 support and resistance area. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURGBP has been overall bearish trading inside the falling channel in orange, and it is now approaching the lower trendline in orange. Moreover, the zone 0.855 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the...
EURGBP has created a potential reversal sign as RSI printed a bullish divergence. We are waiting for a clean breakout to enter long in the market. Downside risk is limited.
EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices. Prices are consolidating near the cycle lows on the 1-hour chart...
EURGBP is approaching a Triple Support combination: Support A (0.85500), the bottom of the Channel Down, and the 1day RSI's Channel Down bottom. The 1day RSI is also oversold under 30.00. As long as the price closes over Support A, buy and target the top of the Channel Down at 0.87500. If it closes under Support A, sell and target Support B at 0.83700. Follow...
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!❤️
EURGBP is sitting at a daily resistance! Waiting for confirmation on 4hr preferably