Bear flag pattern EURGBPIntraday Update: The EURGBP is still trading heavy and could be trading below channel support, which could also be viewed as a bear flag. .8400 level remains very critical support.
GBPEUR trade ideas
EUR_GBP BEARISH FLAG|SHORT|
✅EUR_GBP is trading in
A downtrend and the pair
Has formed a bearish flag
Pattern so we are bearish
Biased and IF we see a
Bearish breakout then
We will be expecting
A further move down
SHORT🔥
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EURGBP Forex trade idea. Longs from demand levelEURGBP Forex trade idea. Longs from demand level. There is a strong weekly demand imbalance on EURGBP. Expecting a decent rally in the following days. Long bias using supply and demand imbalances, also good for short term intraday long Forex positions.
Uptrend It is expected that the price will fluctuate in the current support range and then we will see the start of an uptrend. then advance to the specified resistance range. If the price can cross the support range, the continuation of the downward trend will be possible
Break of structure in the 4h trend.Break of structure in the 4h trend. maybe 1 more push to the 200 ema and then go short.
Trading Idea: GBP/EUR Resistance BreakoutCurrent Resistance Level: GBP/EUR is currently facing a resistance level.
If the price breaks above this resistance, it could signal a potential bullish breakout.
Next Target: After the breakout, the next key resistance level becomes the target.
Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout scenario.
A confirmed breakout above the first resistance could lead the price to rally toward the second resistance level.
Confirmation: Wait for a clear break and close above the current resistance, and a confirmation of the bullish pattern, to strengthen the breakout signal.
Risk Management: Consider placing a stop-loss below the previous support level to manage risk in case of a false breakout.
EURGBP Set for Breakout: Eyes on 0.852EURGBP is consolidating and a breakout seems likely if it remains above 0.84. Support levels are around 0.841 to 0.843, with a short-term target of about 0.850 to 0.852. There is potential for EURGBP to move above 0.852 later in Q4 2024.
EURGBP The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURGBP next move:
The instrument tests an important psychological level 0.8443
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8433
My Stop Loss - 0.8451
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EUR/GBP May Rise#trading_idea #EURGBP 💡
🔤🔤🔤🔤🔤🔤- Outlook
On the current EUR/GBP chart, the price is consolidating within a symmetrical triangle, indicating potential volatility ahead. The price is testing both support and resistance levels, creating uncertainty about the next move. The Bollinger Bands suggest a neutral stance, while Momentum (20) shows a slight bearish bias. The Bull Bear Power hovers around neutral, reflecting market indecision. Recent small-bodied candles reinforce this, and the symmetrical triangle hints at a breakout, either upward toward 0.8445 resistance or downward toward 0.8420 support.
🔼If the price breaks above the resistance at 0.8445, the pair could see a rally, potentially testing higher levels around 0.8465 or beyond. This move would confirm a bullish breakout from the symmetrical triangle pattern.
🔽Alternatively, If the price breaks below the support at 0.8420, it could trigger a bearish move, with the next target potentially around 0.8400. This would signal a continuation of the downward pressure indicated by the momentum and candlestick patterns.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
Correction It is expected that the price will change the trend in the current support range and we will see the beginning of the upward trend.
Otherwise, it will be possible to continue the downward trend until the next support zone.
EURGBPWe looking for shorts on the third touch of the ascending pattern, We anticipate price to consolidate before selling pressure pushes price bearish
EURGBP - Long Awaited Break out Takes PlaceEURGBP broke out of falling trendline and then seems to have formed leading diagonal followed by corrective move. Now price seems to have broken through important resistance zone and seems prepared for forming bullish impulse.
EurGbp shortaccording to my analysis Eurgbp is in bearish trend and today we also expect the negative data of euro. the pair also making LHs nd LLs. so we can look for sell trade.
EURGBP: Bearish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction.
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EURGBP Bullish (4H Div, Dow BOS, Trendline Break)EURGBP shows a bullish momentum supported by 4H Divergence with DOW Break of Structure (BOS) and break of falling trendline. Entry is taken at CMP with TP1 and TP2 and 1:1 and 1:2 levels and SL at previous LL.
What do you think, will it go bullish?
EURGBP - Short TradeOn Monday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram).
As a target, I prefer the opposite liquidity pool to the previous week's low (PWL).
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Long on Bullish wedge patternnice r/r going long at the lower trendline or you could wait for the breakout of the upper trendline of that wedge pattern.
short EURGBP before going longlooks like bear flagging on the 4hr... on the weekly chart there is a bullish wedge. waiting for price to get around that 0.83750 ish level before looking at longs...
EURGBP is in a bear flagIntraday Update: There may be "flag patterns" setting up on many US Dollar pairs ahead of the US CPI today, but the EURGBP also is in a bear flag pattern, and due to the weaker data today, the flag is still very apparent. A move below .8420 would be a bearish break and continuation. A move back above the .8455 is required for an upside recovery.
EURGBPWe can attempt to buy EURGBP from specified level as it break LH , also there is bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
USD/GBP BUYThe British pound has been strengthening for a long time and will now reach a support level that it is not expected to break through.
