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Eurgbpanalysis

EURGBP: WAIT !!! DON'T BUY TOO EARLY!!!. we still have a sellside inefficiency and price still need to rebalance it before finally going bullish on EURGBP. It is of no doubt that we're currently bullish on EURGBP, price is currently looking to fade into a large TF premium Arrays before finally displacing lower. Confluences : 1. we previously had a bullish displacement on the weekly TF leaving a bullish order block behind, price has been trading lower to of recent to mitigate the weekly propulsion block and that is a trend already on the daily TF. 2. On the daily TF, we had a displacement lower showing the interest of the smart money to sell into the weekly propulsion block (IPDA). 3. The banks sell at premium and buy at discount. We're currently in a discount level of the bearish displacement price swing, and before we can expect the banks to sell we must see price trade into the premium P.D-Array of the bearish displacement price swing. 4. I'm looking for price to trade into the equal highs above after the fvg, as it is going to be a draw on liquidity for the smart money to offload the buy stops they've accumulated trading higher. 5. we also have an order block above the fair value gap, we're also likely to see price trade into that before we start building a bearish bias. Conclusion: On the one hour TF, you don't want to buy too early, price is still having a sellside inefficiency to fill in and it could even go all the way down to sweep the previous week low before finally trading for higher prices. Bullish opportunities are likely to be more profitable this week than shorts on EURGBP. StefanFX
Long
by stefan143
EURGBP | Steep Downtrend. Go Short!When it comes to the technical analysis of  EURGBP , considering the current market structure, this currency pair is still in downtrend. On chart, we can clearly see the steep downtrend and price also managed to break the previous support area S1. That means price is likely to continue moving downwards. So the best approach would be to wait until the price tests the S1trend line. If you find a strong rejection with bear candles, go short. Targets T1 & T2 are marked on the chart. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by FX-Storm2022
EURGBP Slow moving but likely to fall to supportWelcome back! Let me know your thoughts in the comments! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
17
EurGbp could resume its up moveAfter reaching a high near 0.93, EurGbp fell strongly with a drop of 600 pips in just a week. After this drop, the pair started to consolidate and although it made some new local lows, these are marginal and the pair is contained in a falling wedge pattern. At this moment the price is trading in falling trend line resistance which is also confluent with the horizontal resistance at the 0.87 zone. As long as the recent low is intact, I favor gains and the previous high can be the bull's target.
Long
by Mihai_Iacob
7
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way. - EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. According to that, EURGBP can rise slightly up to 0.8900 LEVEL. And after that EURGBP can be SELL to 0.8352 LEVEL.
by benny_marshall
1