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Eurgbp!

EURGBP - Price can correct to support area and then bounce upHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area. Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around. After this, price entered to falling channel, where it soon broke support line and declined to support line of channel. Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level. Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near. In my mind, British Pound can make correction to support area and then continue to grow to $0.8620 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
Strifor || USDCAD-21/02/2024Preferred direction: BUY Comment: In the middle of the current trading week, the publication of the Fed protocol is expected, which is highly anticipated by the entire market. Regarding the technical part, yesterday the US dollar weakened intraday, however, after yesterday's close, and also considering the current market movement, the US dollar will most likely strengthen today. So, for the USDCAD currency pair we are considering buying towards the level of 1.35500 , where the nearest resistance is located. For long, we consider two scenarios, where, nevertheless, scenario №1 has a better chance of being realized. Scenario №2 is a plan "B", in the format of re-entering this trade. Thank you for like and share your views!
Long
by Strifor
1
Strifor || GBPUSD-21/02/2024Preferred direction: BUY Comment: The British pound pleased with its positive realization of the previous long trading idea. And even now we still maintain buy-priority. We are also considering two long scenarios, where scenario №2 has a deeper correction towards the level of 1.26000 . As you can see, we placed the target immediately below the level of 1.28000, while we are not considering a higher target, and manual closing of the transaction before the price reaches the level of 1.28000 is not ruled out. Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-21/02/2024Preferred direction: BUY Comment: On February 20, the currency pair made a good movement towards our target of 1.09000 . We need to remind you that first of all we expect the level of 1.08500 . At the moment, scenario №1 is active, but as part of a short-term transaction, you can consider buying from current prices, using a small stop loss. A protect-order can be placed behind local (intraday) lows, and targets can be placed according to the medium-term trade at 1.08500 and 1.09000. Thank you for like and share your views!
Long
by Strifor
3
⚡️Strifor || GOLD-20/02/2024Preferred direction: BUY Comment: Our previous trading idea of going long on the metal worked perfectly and finally, not only silver allowed us to make money on growth. At the beginning of this week we are also looking at longs, but now the entry point is a little more difficult. For ourselves, we identify two main scenarios for the development of events. Monday turned out to be very calm, so Tuesday can be said to be the first real trading day of this week. The context for growth has intensified for this metal, but, as was said, entry points have not yet been observed. Comparing with the main currency pairs, of course, there is much more growth potential against the US dollar and it is better to take a closer look at purchases there. In general, the mood for gold is positive and most likely this week the buyer will try to fix the price above the 2040 level. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
⚡️Strifor || GBPUSD-20/02/2024Preferred direction: BUY Comment: The previously published scenario №1 for the pound is in progress and it is most likely that according to this scenario we will approach the target at the level of 1.27000 . However, medium-term prospects certainly allow us to consider growth above this target, namely at the level of 1.28000 . Near this level there is more serious resistance, which most likely will not be overcome on the first try. More global targets can be considered even higher than the level of 1.28000. Thank you for like and share your views!
Long
by Strifor
1
EUR/GBP: Assessing Lagarde's Rate Cut RemarksHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85700 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85700 support and resistance area. Recent remarks from ECB President Lagarde indicating the likelihood of rate cuts have injected uncertainty into the EUR/GBP pair. The prospect of monetary policy easing in the Eurozone tends to exert downward pressure on the Euro against the British Pound. Investors interpret such signals as indicative of economic weakness or the need for stimulus measures, which can dampen the appeal of the Euro relative to the Pound. Therefore, Lagarde's commentary on potential rate cuts may contribute to further downside pressure on EUR/GBP as traders factor in the possibility of looser monetary policy in the Eurozone compared to the UK. Trade safe, Joe.
Short
by JoeChampion
EURGBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.85688 Why we like it: There is a pullback resistance level Stop Loss: 0.85916 Why we like it: There is a pullback resistance that aligns above the 38.2% Fibonacci retracement level Take Profit: 0.85204 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
⚡️Strifor || EURUSD-20/02/2024Preferred direction: BUY Comment: The buyer continues to take the initiative on the euro . At the end of the previous trading week, an excellent base was formed in the market to continue moving long; in addition, the entry point for a short-term trade is currently one of the strongest. We are considering growth towards the level of 1.08500 , and can also be considered towards the level of 1.09000. The main growth for the currency pair is expected in the first half of the week. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || AUDUSD-16/02/2024Preferred direction: BUY Comment: We continue to hold a confident long position on the Australian currency. Here we patiently wait for the price to approach the level of 0.66000 , near which our target is located. Moreover, looking at the bigger picture, it is safe to assume that buyers will maximize their push to the top. To rise above 0.66000 , some pause in the balance format (as it is supposed) will most likely be necessary. Regarding the shorter-term target at the level of 0.66000 , there is a high probability that this level will be blocked even today. Thank you for like and share your views!
Long
by Strifor
1
EURGBP Under Pressure! SELL! My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8563 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8540 Recommended Stop Loss - 0.8575 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
⚡️Strifor || GOLD-15/02/2024Preferred direction: BUY Comment: Despite the fact that metals are considered from the point of view of long-positions, growth here will, in any case, be more difficult than for the same major currency pairs. The market is currently oversaturated with buy-players, but there is no result, which indicates a possible limit seller. Here, more than anywhere else, you most likely need to wait for a slight update of the lows before growth. Therefore, for some time, we will most likely trade at the support of 1981.683 . After which one can begin to look closely at growth, surely, do not forget about a potential update of the current lows, which for gold may happen with a high degree of probability. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
3