#EURGBP 1DAYEURGBP (1D Timeframe) Analysis
Market Structure:
Trendline Breakout: The price has moved above a previously established trendline, indicating potential bullish momentum.
Forecast:
Buy Opportunity: The breakout suggests a shift in trend direction, favoring buyers. Further upside movement is expected as long as the price sustains above the broken trendline.
Key Levels to Watch:
Entry Zone: After breakout confirmation or upon retesting the broken trendline as new support.
Risk Management:
Stop Loss: Placed below the trendline or recent swing low.
Take Profit Zones: Focus on upcoming resistance areas and psychological price levels.
Market Sentiment:
Positive Momentum: A breakout above resistance typically reflects strengthening buying interest and potential continuation of the upward move.
Eurgbplong
Mon 16th Dec 2024 EUR/GBP Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/GBP Buy. Enjoy the day all. Cheers. Jim
EURGBP - Short from bearish OB !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB.
Fundamental news: On Thursday (GMT+2) we will see results of Interest Rate on EUR, news with high impact on currency.
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POTENTIAL UPWARDS IMPULSE MOVEMENT!Hello,
A clear descending triangle pattern has formed. This level also serves as a strong weekly support/demand area. I believe prices have accumulated enough, and soon there may be a significant correction or the start of a fresh trend.
Place your stop loss below the triangle and set your TP at a 1:3 RR. Please share your opinion.
Good luck!
EURGBP - Long active !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action as we can see that price filled the imbalance and rejected from bullish OB.
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EURGBP Long Trade setting up on Daily.
I have been watching this one for a while now as I kept an eye on Crypto's pullback.
This is a daily trade, EUR is a bit overextended to the short-side, looking to come back to reversion and a bonus bulls head n shoulders pattern on 1hr.
Details of trade I will post below when the setup executes. If it ever does today.
EURGBP possible 250pips Currently near lows last time seen almost 3 years ago. Opening here a small position just in case we dont see a pull back from this possible break out.
Will be adding more as price falls below .8350
Expecting the next economic data from GBP to be the main driver of this price action..
This analysis its invalidated if price makes a new low
EUR/GBP Support ZoneEUR/GBP is currently trading at a strong weekly support level. This area has historically acted as a key turning point, providing solid buying opportunities. The pair shows signs of potential reversal, with buyers stepping in to defend this level. Target the next resistance level for profit, with a stop-loss set just below the support to manage risk.
EURGBP - Idea for a short !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance higher and then to reject from trendline.
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Progress of this EURGBP TradeI identified a double bottom a couple of days ago on the EURGBP trading chart somewhere at the middle of a bullish order block. This is supposed to indicate an upward price move but price went down and almost took me out. There's been a reversal and price seems to be going back in the original direction of my trade. I'll keep you posted on the progress of this trade.
EUR GBP SETS UP FOR A BUY-LONG:The best trades are the ones that allow you to buy low in price, sometimes even at their last leg of a short. This is what sort of happened with EUR GBP earlier today when I saw its price get so low and tempting to buy an order, but there was also a reversal setup taking place which also had momentum in the price action, something you don't often see when bargain hunting on trading.
I knew that this trade would ascend and run nicely for EUR GBP because the currency combo had 2 macd's working its return to momentum, these would give an early indication of how long the currency pair might need macd to support its future growth, but it was also a chance to catch up with miserable clients and koolj.
So take profit for educational purposes ate 84.30
Stop Loss: 83.
Buy up until 83.50
I should go to target quickly with very little data economic today.
Thanks for taking the time to read.
EUR/GBP "The Chunnel" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/GBP "The Chunnel" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30M timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
EURGBP - Sell from bearish OB !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB.
Like, comment and subscribe to be in touch with my content!
EURGBP Ready for longer term longsThis pair have been moving down for a long time but within the down trend there are up swings and this is what we've been waiting for. Looks like there's finally a fundamental move to hopefully initiate the next upward leg.
If you're conservative then wait and buy on any pullbacks, or if not enter long now and hold.
EURGBP Potential Bull EURGBP Strong Zone, in this case probably bull play.
Entry in zone, SL line yellow. Target maximum line white.
**Forex Analysis Disclaimer**
This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
NEW!! The 2 Indicators for the Dip Buy Fishing StrategyAm working on developing a better
Forex trading system
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strategy for FOREX trading.
in this chart FX_IDC:EURGBP
you will notice
the rate of change at 2 days
Then right below is the
MACD indicator catching the
weekly trend up
This is a dip-buying strategy
I will call it the "fishing strategy"
which involves two indicators
Rate of change
MACD
Am still working on this system
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EUR/GBP "European Cross" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/GBP "European Cross" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
EUR/GBP Technical Analysis – Monthly, Daily, and 4-Hour Monthly Time Frame:
On the monthly chart, the price has reached a key demand zone that has historically shown strong buyer interest. This is a crucial area where we are now witnessing a significant reaction, indicating that buyers are stepping in. The bullish pressure from this zone suggests the potential for upward momentum in the coming weeks or months.
Daily Time Frame:
On the daily chart, we see strong buying pressure that has led to an overextension in the current price action. This overextension is a signal that the market may soon undergo a correction. However, before assuming a reversal, it is important to focus on confirming signals that will validate a potential correction. These signals could include bearish candlestick formations or a breakdown in key support levels.
4-Hour Time Frame:
In the 4-hour chart, a clear trend reversal pattern has emerged, indicating a shift in market sentiment. We can observe lower lows being formed, with the most recent low liquidating the previous one, followed by a strong bullish movement. This sweep of liquidity followed by a rally signals that the market has completed its bearish phase and is ready to push higher.
Take Profit and Stop Loss Ideas:
Take Profit: A reasonable take profit level can be placed just below the next significant resistance area on the 4-hour chart or around key highs visible on the daily chart.
Stop Loss:
Conservative Stop Loss: Below the key demand zone on the 4-hour chart, allowing room for price fluctuations while still protecting the position.
Aggressive Stop Loss: Tighter, just below the most recent low, providing a higher risk-reward ratio but with less room for market noise.
#EURGBP 1 DAYThe EUR/GBP pair on the 1-day chart has now entered a demand zone, indicating that the price has reached a key level where strong buying interest is typically expected. This presents a potential buy opportunity as the demand zone could act as a support level, leading to a price rebound. Traders might look for confirmation signals such as bullish candlestick patterns, increased buying volume, or other technical indicators that suggest the start of an upward move. This zone often represents a favorable risk-to-reward ratio, making it an attractive entry point for long positions. However, as always, it's important to apply proper risk management to account for the possibility of further downside movement.