JacobTrades

EURGBP weekly #study (ABCD Game?)

FX:EURGBP   Euro / British Pound
224 0 0
What we see is an overbought bounce into the ema34 wave while trending down, something which is not necessarily bullish , instead its bearish .

Did we make a long term bottom here at the 0.618XA?

For higher we have to break the former key low(orange circle) which is confluent with the 0.5XA(key level) If that would happen we might have made a longer term bottom, and less change of completing the blue leg down.

For lower we have to break the low @ 0.78000 area
If that would happen there is a change of a bullish AB=CD Gartley @ 0.72000-0.73500 area
or a bullish bat pattern@ 0.69000-0.70000 area (both areas shaded in green)
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out