EURGBP pulled back to resistance and 38.2% fibo levels following a massive sell-off.
Price move is in the descending channel, indicating the bear's dominance.
We anticipate a bearish move since the trend is bearish. It's a simple pullback trade from the reaction zone.
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The overall trend on the monthly chart is bullish. On the weekly and daily charts, we have a bearish market structure indicating we are in a correction.
On the 4 hour chart, we are awaiting a break of key structure to confirm bearish momentum. I am looking to trade the bullish correction thereafter targeting the disequilibrium between 0.85 to 0.87
I've just gone LONG on this pair for the following reasons.
We've hit WS1 support pivot level and price is now moving away from it.
RSI on H1 was under 30 and now its reading 35.45.
MACD is still lagging behind but the BEARS strength has reduced significantly.
The Andean Oscillator was at zero and has now move away from zero with a reading of .00008.
Price has hit...
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block.
Fundamental news: On Thursday we...
EURGBP is making higher lows and higher highs, with bulls pushing the price higher.
The market broke through the descending channel.
Price printing AB=CD pattern where D point completes right at 141.4% fibo extension level.
We anticipate a pullback to support and continue the trend.
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Hello traders what do you think about EURGBP ) ?
(Technical analysis forecast)📊📈📉
EURGBP peris bullish trand pullback short last week erugbp peris big bullish 0.85447 short .084977) 📉 tast support pullback reset taste down resistance 0.85686) price big 🐂 bullish candle pullback short 0.85116) 📉📊
(Short analysis forecast)📈📉📊
Selling short entry EURGBP peris...
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
Fundamental news: Tomorrow we'll see results of yearly CPI on GBP
Like, comment...
Pair : EURGBP ( Euro / British Pound )
Description :
BEARISH CHANNEL as an Corrective Pattern in Long Time Frame
Completed Impulse Correction Impulse
RISING WEDGE as an Correction in Short Time Frame and Rejection from Lower Trend Line
BREAK OF STRUCTURE and Completed the Retracement at Demand Zone
We expect a reversal to the upside on this pair, signalled by the descending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
EURGBP exhibits a positive technical outlook with a double bottom formation, signaling potential bullish momentum. Look for a bullish entry point after a breakout from the falling wedge pattern, confirming a favorable trend reversal for strategic trading opportunities.
Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.86000.
Fundamental news: On Thursday will see results...
Hello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
EURGBP is approaching a major resistance level and dynamic resistance.
Price is in a bearish trend, and it's pulling back against the major trend.
The market printed a bearish harmonic pattern, which adds more confluence to the level.
We anticipate a sell off and bearish move.
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Share your opinion in the comments and support the idea with...
Hello Traders, here is the full analysis.
I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your...
I am taking this long scalp trade. I see a bullish divergence on H1 and H4 tf. Actually is trying to break out from H1 trendline, if it can retest it and hold, we could see the target reached in some hours. I reccomend to put stoploss at break even if we get at least 15 pips of profit
Hello traders, we are having a nice setup on eurgbp for short position, just wait for close below demand zone and below 50% of that buy zone that we have right below demand zone.
