List of confluence: 1: Breakout and retest of Key Level 2: Change in market structure from bearish to bullish 3: Trendline breakout
EURGBP will push to the downside after filling the imbalance on the daily chart. We have a OB on the 15min, which is about to hit. Waiting for confirmation on a lower TF (5min or 1min or 30s). What do you guys think about this idea? Do you think we will move lower or even higher? Please comment your thoughts and dont forget to like! :)
The European Central Bank (ECB) and the Bank of England (BoE) both raised interest rates by 50 basis points at their final meetings of the year. The Eurozone's policy rate was hiked to 2.5%, the highest in fourteen years, and the UK's to 3.5%, the highest since late 2008. In contrast to the relatively dovish BoE meeting, the ECB meeting was substantially more...
EURGBP short. We took out the liquidity and are close to fill our OB on the 15min Chart. We could see a drop on EG for the next days/week. What do you guys think about this idea? Can we see the price dropping or will we see a push upwards? Please like and comment what you think!
A bearish opportunity recently presented itself on the euro-pound trading chart. This follows from the bearish harami candlestick pattern which printed just below the 0.87500 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 0.83401 could give you a reward-to-risk ratio as high...
EURGBP - Intraday - We look to Buy at 0.8411 (stop at 0.8396) Trading has been mixed and volatile. Short term bias is mildly bullish. We look to buy dips. 0.8410 has been pivotal. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 0.8448 and 0.8458 ...
EUR/GBP fundamental analysis The Bank of England (BoE) raised its Bank rate by half a percentage point to 1.75 percent at its August meeting, the highest rate hike in 27 years, owing to elevated inflationary pressures exacerbated by Europe's recent gas crisis. However, the pound did not surge following the rate announcement since the Bank of England's policy...
EURGBP has been on bearish and mainly due to the tension in Europe. The pair today recovered a little bit and probably it is a correction looking to retest the broken support structure turning support. Provided the pair does not be above the resistance, it is a nice idea to short this pair and since its going with the trend, it is more safe to short than to long...
After a long depreciation, we have reached a level of difficult continuation of the fall, and we may be close to a sudden rise in the EURGBP pair, just waiting for the definition of the world scenario. After the first confirmations of stability in the scenario, we expect a rally to at least 0,84000 and likely beyond.
Can see Euro losing some strenght now that has cleared the block order, all should help the price reach lower prices, possibly reaching some new lows lower targets may be 0.70600 and 0.76000
A level is well broken! Also descending channel is broken too! you can wait for a confirmation, but good R to R ratio will be available after confirmation! beside the static support VWMA 100 could be a good dynamic support too.
Euro was in a Long down trend. Now we can expect a pullback from here. So, Don't Short it now.
Short position taken – 1H – From Monday in daily time frame we had LH and price is struggling with the descending komu in daily. In 4H price broke last week level and also a daily S, and today it broke the last low which made last high and pull back so I enter the short position and the TP is the Monthly S. in: 0.85771 TP: 0.85000 SL: 0.86100 R/R = 1:2.27
Here is an analysis on the EUR/GBP Currently trading @ 0.85800 We expect a reversal on the pair as the pair is trading @ support/resistance levels & the presence of a bullish Harmonic @ this level signals reversal We expect the pair to 0.86200 if its a retracement before continuing its downtrend If its a reversal then the pair might go back to 0.87 On the other...
Looking at the weekly chart, this pair has room to run southbound, but that depends on today's closing candle. If this pair takes out yesterday's low.. vroom!! vroom!! Happy Trading folks! Cheers!
This hourly chart shows a break of the trendline. First stop should be at the pivot level @ 0.8620 Happy Trading folks! Cheers!
Currently @ 0.86862 The pair has been bullish and is showing no signs of being bearish any time soon We expect the pair to test resistance @ 0.87200 before retracing back to 0.86500 which was previous resistance & also 23.6% Fib. The pair might continue being bullish and break above resistance @ 0.87200 and test next resistance @ 0.88. According to the COT Report...