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Eurgbpsignal

EUR/GBP Retreat Amid Mixed PMI ForecastsAnalyzing the EUR/GBP 1-hour chart provided: Pattern Recognition: - The chart shows a recent decline from the 'Premium' level, indicating a resistance zone. - The price is currently approaching the 'Equilibrium' level, which may act as a short-term support. - A series of lower highs from the 'Weak high' suggests a potential downtrend in the making. Trading Strategy: - Confidence Level: Moderate - Recommended Position: Short, with caution for a potential bounce or reversal at the Equilibrium level. - Entry Point: The current level (approximately 0.8746) could serve as an entry point if the price demonstrates continued weakness, breaking below the Equilibrium level. - Exit Point: Target the 'Discount' zone for potential exit around 0.8700. If the price breaks below this level, it could suggest further bearish momentum, potentially heading towards the 'Strong Low' around 0.8690. Key Observations: - The price is in a pullback phase within a larger range-bound market structure. The 'BOS' (Break of Structure) markers indicate significant levels where price structure has been broken, and these could serve as future areas of interest for support/resistance flips. - The presence of 'ChOCH' (Change of Character) markers suggest volatility and potential changes in market sentiment at these levels. Conclusion: Look to short the EUR/GBP with a conservative target, while monitoring price action at key levels such as the Equilibrium and Discount zones. Beware of potential reversals as the price is near a historically significant level.
Short
by RichDadph-FX
EURGBP Long Term Buying Trading IdeaHello Traders In This Chart Forex ForecastEURGBP DAY By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by ForexPlanet20
EURGBP a break out could change everything very intense scenario going on eurgbp at the moment analysing the weekly tf looks to me like the price is bullish , the price formed a double bottom broke and retested neckline . but on lower tfs looks like something else the price formed a double top on daily and decending triangle on 1hr . the neckline of the double to in daily is also accompanied with 100 and 200 moving averages if the price manages to break all of them without a doubt we will see a bearish move
Short
by xAB777
EURGBP _____ INCOMING QUICK SHORT TRADEHello Guys, How has the week been so far... Well for me, kinda bumpy but it's part of the game so I'm good. Anyways, here we have a pair that just swept a monthly high (buy-side liquidity) and price formed a CHOCH on the daily timeframe, hence, the daily supply order. I have set an alert for when the price will trade into the daily order block. Once that happens, I will drop down to the 1-hour timeframe to see if I will get my trade setup to go short. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
EURGBP Long Term Selling Trading IdeaHello Traders In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EUR/GBP Primed for Movement Amidst Key Economic IndicatorsThe sentiment from central banks, coupled with softer UK inflation data, suggests a bullish move for EUR/GBP. The technical analysis aligns with this perspective, indicating a potential move towards the 0.8700 handle, especially with the currency pair managing to stay above the 0.8650 level. TRADE IDEA DETAILS CURRENCY PAIR: EUR/GBP CURRENT TREND: Bullish TRADE SIGNAL: Buy 👉ENTRY PRICE: 0.8655 ✅TAKE PROFIT: 0.8700 ❌STOP LOSS: 0.8630 TRADE PLAN: Enter a buy position around the current level of 0.8655. Given the potential upside, a take profit can be set near the technical resistance of 0.8700. To protect the downside, considering the inherent market volatility and any unexpected shifts in sentiment or data, a stop loss at 0.8630 is prudent. FINAL THOUGHTS: This trading idea is predicated on both fundamental factors (central bank sentiments and economic data) and technical indicators. Traders should monitor the position closely, especially around the time of the BoE's rate decision and subsequent economic releases, as these could serve as catalysts for significant price movement.
Long
by RichDadph-FX
DeGRAM | EURGBP at major resistanceEURGBP is approaching a major resistance level and dynamic resistance. Price made a two-legged move in the ascending channel. Price is essentially in consolidation on the 4-hourly chart. The market printed a bearish harmonic pattern on the daily chart, which adds more confluence to the level. We anticipate a sell off and bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
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