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.
Eurgbpanalysis
EURGBP I Potential move upward to 0.86Welcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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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.
#EURGBPIn the 4-hour period, after a full cycle, it has completed a downward corrective wave, if it performs an upward correction, and then it can complete the corrective wave up to 23 percent of Fibo, which can be expected for the 2nd corrective wave after Confirmation and implementation of the beginning of the 3rd upward wave in the 4-hour period, which can be strengthened further after the scenario is confirmed.
DeGRAM | EURGBP in consolidation zoneEURGBP pulled back to resistance, then made a massive sell-off.
Price move is in the ascending channel, and it's printing an AB=CD pattern.
We anticipate a bearish move from the psychological level at 0.87000 and a retest of the support since the market is consolidating.
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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.
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.
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 am looking for longs. I expect bullish price action from here as price filled the imbalance and took liquidity below equal lows.
Fundamental news: Tomorrow will be released yearly CPI on GBP. News with impact on GBP, so pay attention to the result in order to validate the analysis.
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EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Completed " 1234 " Impulsive Wave at the Lower Trend Line of the Corrective Pattern " Rising Wedge " in Short Time Frame. It will Reject from the Fibonacci Level - 61.80% or Previous Resistance Level forming Triple Top
Entry Precautions :
Wait for the Proper Rejection Price Action
EURGBP:08/11/2023:🔴Sell opportunity🔴As you can see, the market structure is bearish and we looking for a sell.
There is a bearish order block with liquidity that makes it even stronger.
Attention please: We need LTF confirmation for entry.
💡Wait for the update!
🗓08/11/2023
🔎 DYOR
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EURGBP ShortMassive bear Weekly Close breaking a 4 week support
Next week we'll be looking for a price pull back to test the resistance and if rejected then we're all set for to short eurgbp
Support trend line also broken.
Next week look for validaton of those support lines becoming now resistance levels
EURGBP I Pullback and continuation Welcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - 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.
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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.
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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.
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