Strifor || XAUUSD-10/26/2023Preferred direction: Neutral
Comment: Buy-priority for metals remains, but is no longer as obvious as before. However, we continue to shop around. In the very near future, the price is expected to roll back towards the level of 1952, from where buyers will most likely attempt to update the maximum, as we noted earlier.
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Eurgbp!
Strifor || EURUSD-10/26/2023Preferred direction: SELL
Comment: Saving the ECB rate at its previous value was not a surprise; the market reacted calmly, but statistics from the United States, which exceeded all expectations, on the contrary, forced the market to move. Against this background, the euro continues to weaken, and technically, the strength of the US dollar can also be seen.
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EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity EURGBP
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EURGBP bullish for the week of 23 Oct.Daily chart
Current trend is bullish, just broke above the 0.870 significant level.
H4 chart
A pullback to 0.870 region is in progress. IMO a bullish continuation to the next significant resistance 0.885 area is likely.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
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Daily Wave Rider - EURGBP - BUYEURGBP
Channel: GREEN
WK Pivot: GREEN
AOB: WP
CON: EngB
BUY Stop: 0.87299
Stop Loss: 0.86946
TP01: 0.87652
TP02: 0.88358
DWR present as a buy setup on 26 OCT, with Channel and Pivot are green bouncing off weekly pivot
However, trade is not taken/considered
SPX500: SELL
DXY: BUY
OIL: BUY
GOLD: BUY
EURGBP Buy extension signal within the Channel Up.The EURGBP pair has been trading within a 2-month Channel Up pattern, with the current bullish leg rebounding on the 1D MA50 (blue trend-line) and even recently establishing the 1D MA200 (orange trend-line) as the latest Support.
With the 1D MACD on a Bullish Cross since the 1D MA200 break-out, we expect the rally to continue until 0.8000, which represents a new Higher High on a +2.14% symmetry with the previous rise, just above the 0.618 Fibonacci retracement level.
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Looking at EURGBP ahead of ECB Rate Decision TomorrowAhead of the ECB rate decision tomorrow, the futures markets see almost zero chance we get anything other than a hold at 4.50%. This falls in line with other economies including the Bank of Canada which held rates earlier today.
From a technical perspective the Daily chart is back above the wedge breakout level. I took a Long this morning from 0.87140 after a nice rejection candle close yesterday, but price moved sideways and failed to push higher. This continues the pairs lack of conviction above 0.8700 which starts to make it more and more difficult to see price making a clean break higher.
So 0.8700 is the line in the sand tomorrow, if we see buyers really step up and drive price higher I'll be looking for more Longs, but if we fall back inside 0.8700 I'll flip my bias short, specially if we fall back inside after the rates have been announced.
Best of luck out there and I'll see you tomorrow.
Strifor || GBPUSD-10/25/2023Preferred direction: SELL
Comment: The previous selling idea worked 100%. This is not the end of the downside potential, including today intraday. In the near future, it is expected to approach the lower border of the corridor, which will most likely be broken by the seller.
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EURGBP H4 | Bearish reversal off 61.8% fibo?Price is rising towards our sell entry at 0.8731, which is a strong overlap resistance level, aligning with the 127.2% fibo extension and 61.8% fibo projection. Our stop loss is at 0.8766, which is an overlap resistance level, and placed slightly above the -27.2% fibo expansion and 100% fibo projection. Take profit is at 0.8686, which is an overlap support level.
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EURGBP - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement and then to reject from bullish order block.
Fundamental analysis: On Thursday will be released Interest Rate on EUR followed by ECB Conference, based on the result and the speech we will see direction for the next couple of weeks.
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Bull Flag - EGHere I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH.
Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index.
BUT, EUR will be taking the cake for the rest of the week for news with:
German Business Climate & President Lagarde Speaking - Wednesday
&
Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference - Thursday
If news turns out positive for EUR, that could give EUR what it needs to fulfill this Bull Flag and Break Bullish bringing the price higher!!
-OR-
Could make this Set-up impossible to find a legitimate entry..
KEEP A WATCHFUL EYE!!!
Strifor || GBPUSD-10/23/2023Preferred direction: Neutral
Comment: The pound is also taking advantage of the momentary weakness in the dollar and is recovering slightly against this background. The price will most likely reach the level of 1.22370, at which we will most likely have to wait for the short entry point again. However, the second scenario is also not excluded, in which the level will be broken upward. But even in this case, the priority of sales is stronger, thus we can assume the formation of a false breakout and the resumption of the fall in the direction of the medium-term trend.
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Strifor || EURUSD-10/23/2023Preferred direction: Neutral
Comment: The US dollar started the week with a correction and against this background, competitors began to grow. Special attention, as always, to the Euro. Here the price will approach the level of 1.06318 in the very near future. There's an obstacle waiting for buyers there. As you can see, the medium-term trend remains bearish. Therefore, for now, at the level of 1.06318 one can presumably expect a potential entry into shorts.
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EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current 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.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TradePlus-Fx|EURUSD: mixed success💬 Description: The dollar , after all, retains the initiative in the market, but its competitors also have mixed success. We will designate this as a success, since intraday movements in favor of competitors are quite significant and for a trader this is a potentially good profit.
At the moment, the instrument is creeping up again to the level of 1.05194, which acts as support. Short-term trades, as always, are considered in both directions. Regarding longer-term trades, we can most likely expect the price to go to 1.06350 in the very near future. At this level, there is a significant number of sellers’ stop losses; against this background, one can expect an upward impulse. Most likely this will be a false breakout, but we will know for sure a little later.
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EURGBP A nice 1:5 Short Setup hello traders
eurgbp has formed a head and shoulders pattern on a strong resistance level .
the same resistance level also happens to be the 61.8 golden fibbonacci zone if you do a fib retracement on weekly tf the daily candle also rejected that level with a inversed hammer .
wait for the price to come and retest the neckline and we might see our nice setup play out.
EURGBP uptrend opens up, more upside to come?
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Strifor || GBPUSD-10/20/2023Preferred direction: SELL
Comment: The trend of market participants moving towards safe assets continues in the market. A special place here is occupied by the US dollar, which is expected to strengthen against the British pound. In the near future, medium-term lows are likely to be updated.
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