Hello Traders,
I believe there is a good probability of Reversal during the time cycle zone (two vertical lines) in EUR/GBP. It might hit the lowest low before moving upward or not. Please read my previous article which I explained how time cycles could affect the market (Link below) and check my previous forecast based on the time cycle zones.
I usually don’t analyze EUR/GBP so I might be wrong. Let’s see.
Here is my previous forecast in EUR/USD :
Please Like and follow so you will receive notification of analysis update in a real time.
Here is the article mentioned above for the Time cycles explanations:
Good Luck.
P.S. Sometimes I define the Time Cycle zones in advance and they might need update when price reaches to them so check the updates. In case that they are valid and nothing changes, I would not update the analysis.
I try to define the best time for Correction, Trend reversal or Continuation in the market (Time Cycle zone), not the exact place of price, so lines and bar patterns that I put on the chart are only showing time and direction.
Please consider that these analyses are my opinions and sometimes they are wrong. They are not trading advice. So please follow your own strategy and risk management.
I believe there is a good probability of Reversal during the time cycle zone (two vertical lines) in EUR/GBP. It might hit the lowest low before moving upward or not. Please read my previous article which I explained how time cycles could affect the market (Link below) and check my previous forecast based on the time cycle zones.
I usually don’t analyze EUR/GBP so I might be wrong. Let’s see.
Here is my previous forecast in EUR/USD :
Please Like and follow so you will receive notification of analysis update in a real time.
Here is the article mentioned above for the Time cycles explanations:
Good Luck.
P.S. Sometimes I define the Time Cycle zones in advance and they might need update when price reaches to them so check the updates. In case that they are valid and nothing changes, I would not update the analysis.
I try to define the best time for Correction, Trend reversal or Continuation in the market (Time Cycle zone), not the exact place of price, so lines and bar patterns that I put on the chart are only showing time and direction.
Please consider that these analyses are my opinions and sometimes they are wrong. They are not trading advice. So please follow your own strategy and risk management.