😇7 Dimension Analysis - Daily Time Frame: Identifying Potential Reversal Opportunities 1: Price Structure: Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, but weakness is evident with an inverter hammer and a doji candle formation. Inducement is completed, and the price has changed its character. A liquidity sweep...
After last week this pair shows a strong bullish, next week there is a possibility of a bearish correction with a target in the SR Flip area where the area is parallel to the Fibo Retracement notation 0.382. the possibility of a strong price will go to the area before continuing the bullish trend again
OANDA:EURGBP Price dance and played off of the 4H OrderBlocks very well. Will it test this level again? Or find new OB's below?
This is full market analysis and breakdown on EUR/GBP. Kindly share, like and give your comment.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86350 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86350 support and resistance zone. Trade safe, Joe.
EUR/GBP BEARISH CONTINUATION Euro zone fundamentals weaken: Technical recession confirmed, inflation data improving which helps build a case for a more dovish ECB to come Markets anticipate another 100-bps worth of tightening from the BoE this year as inflation is way too high still at 8.7% EU FUNDAMENTALS ARE LIKELY TO EMBOLDEN ECB DOVES Downward revisions to...
If we get a minor descent in the opening hours or days of W30, it would be the good opportunity to long the market after the half year downtrend. DISCLAIMER NOTICE! This is only my opinion and not a kind of financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price some time traded near support level, which coincides with support area. And after price declined below theirs, then bounced up, but soon fell back. Next, price made upward impulse to next level, which coincided with resistance area, and then...
Preferred direction: BUY Comment: The buyer began to take the initiative at the level of 1.28484, which is currently the key in the short term and even in the medium term. It is assumed that it is from here that the instrument will begin its recovery and even continue the previous local uptrend towards 1.31941. Thank you for like and share your views!
Fast intraday search through my watchlist. You can follow the price with candle confirmation or whatever strategy you have. None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price...
Preferred direction: BUY Comment: The European currency also approached the support area, in which the push volume was formed for the last time. An aggressive approach to this support area also favors buying, and further downside is unlikely. Recovery is considered to level 1.11861. Thank you for like and share your views!
Preferred direction: BUY Comment: The medium-term view for the instrument remains on the side of the buyers. The approach to the level of 1.28484 encourages long-positions with the target of 1.30000. In a positive scenario, the instrument may approach this level during tomorrow as part of profit-fixing on the US dollar, and also need to be calculated for the...
Hey Traders, in this week we are monitoring EURGBP for a buying opportunity around 0.86200 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86200 support and resistance zone. Trade safe, Joe.
Dear colleagues, I assume that the price will reach the support area at 0.85352. A Pin-Bar pattern has formed in the resistance area, which reinforces this idea! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
H4 - Strong bullish momentum. Higher highs. No opposite signs. H1 - Bullish trend pattern. Until the two strong support zones hold I expect the price to move higher further after pullbacks.
Preferred direction: BUY Comment: As we expected, the price went to 1.11861 and rebounded a bit before reaching the level. So far, the price area near the level of 1.11861 is showing itself as a good support. In the short term, it is assumed that this trend will continue, and the instrument will head towards the round-psychological barrier 1.13000. Thank you...