EURGBP is trading in Descending Channel Pattern, According to chart pattern analysis, we might see downside in EURGBP till support level shown in chart. trade with stop loss and own capital risk management. views / opinions are welcome to discuss.
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention BOE intervention. The reason for positive sentiment in EUR is USD SELL. But a good UP SIDE BIAS is coming for GBP now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS...
Here is my weekly idea for eurgbp tell me your opinion
According to SMC , EUR/GBP is for long trade as follow : ENTERY POINT @ 0.87319 SL @ 0.87143 TP @ 0.87784 RRR is 1:2.64 GOOD LUCK GUYS ...
Based on technical factors there is a Short position in : 📊 EURGBP 🔴 Short Now 0.87235 🧯 Stop loss 0.87617 🏹 Target 1 0.86330 🏹 Target 2 0.85770 🏹 Target 3 0.84740 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
The EURGBP pair has been trading within a Bullish Megaphone pattern since the March 07 Low, made around the strong aggression in the Ukraine - Russia war. Within this pattern, the 1D MA50 (blue trend-line) has been acting as a pivot in its middle since the beginning, while the 1D MA200 (orange trend-line) has been more of a Support near the bottom (Higher Lows...
EURGBP 4H Has formed a very strong bullish engulfer which has a very strong volume and liquidity grab in the direction of the major trend. As the long trend is bullish, with the strong rejection from the bottom, EURGBP is set for at least 200 pip to move the upside. On the retest of the previous resistance acting as support can be a place for the entry point for...
on the4h timeframe we see bearish movement but we enter after confirmation
The EURGBP pair has been trading within a Channel Up pattern on the 1D time-frame since the March 07 market low, which only broke for one day. That came on June 14 when the price was forcefully rejected on both the 1W MA200 (red trend-line) and the 0.87200 Resistance that has been holding since February 26, 2021. This is where the pair is currently at, touching...
The EURGBP pair has been trading within a Channel Down since the June 15 High. It is making Lower Lows on the 1.382 Fibonacci extension each time. On Friday the price got rejected on the 1D MA200 (orange trend-line) and today it is reversing lower. Keep in mind that the previous Lower High got rejected on the 1D MA50 (blue trend-line). It appears that this is an...
on the daily timeframe we see long term bearish movement bec ascending trendline breakout and correction done
EURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSIS In this chart, im looking from 3 perspective. 1) Supply & Demand 2) Trend 3) Significant S&R Level. SL - 20 PIP TP : RR / 60 #TAYOR My main indication is the H4 Double top has been consume at price 0.86764. Which make the movement is bearish . From that point of view, the price respected the trend point of...
The EURGBP pair has been trading exactly as our last analysis projected on May 24: The Channel Up on the 1D time-frame continues to be dominant after the bearish trend of 2021 broke. Key highlight is that the 1D MA50 (blue trend-line) has been holding since the price broke above on April 22 and today is going for a test. As long as it holds, the price remains...
- The EUR FEATURE currently stands at 1.0536 LEVEL. We will be able to see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. Stay tuned for more this week. - Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2257 LEVEL. Therefore,...
The EURGBP pair has formed a Channel Up since the March 07 2022 bottom as on May 06 2022 it broke above both Lower Highs trend-lines of the 2021 correction, practically confirming the shift from the bearish trend to the bullish trend on the long-term. The 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) have successfully formed a Support zone as the...
- The EUR FEATURE currently stands at 1.0425 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. - Its price is above EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2222 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a...
- There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to be vigilant about the EUR today. - EUR FEATURE currently stands at 1.0592 LEVEL. We can see a very UP TREND compared to the previous days. This is because of the fact that ECB offers a very...
Here is my view for EURGBP on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!