Here I have EUR/GBP on the 4 Hr Chart! On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER! Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!! -The Inverted Head & Shoulders! With the NEW LOW @ .84981 on Feb. 14th, followed by...
Personal opinion analysis of the euro-pound currency pair: the price after testing the resistance of 0.85733 and returning to the demand area of 0.85243. The first scenario of the euro price will be seen with an increase in demand up to the middle resistance of 0.86204 in the short and medium term.
Potentially inverse shoulder-head-shoulder pattern developing on EURGBP pair, should we see EUR gaining momentum and closing daily candle above 0.8565, there should be more upside risk in short term.
As long as the price fluctuates above the green support range, the continuation of the upward trend is likely By crossing the support range and the support trend line, a downward trend will be formed
Trend strongly bullish + price bounce on support level and made a breakout of a cup and handle pattern , expecting a trend continuation (target chosen with fib level 127% ° PS never risk more than 2% of your capital per trade
The EURGBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish the Eurozone and more bullish (relatively) the UK economy (as a whole). Rightfully so as the Eurozone faces a lot of growth issues and disinflationary pressure, while the...
Hello,Traders! EUR-GBP is already making a Pullback from the horizontal Resistance of 0.8566 so As we are bearish biased I think we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
EURGBP LOOKS BULLISH I am waiting for breakout to take entry we can see strong resistance here after breakout i will take long entry here. What do you think?
EURGBP is currently in a bearish trend. Price is forming a bearish flag pattern, indicating a potential continuation of the uptrend. The pair is being rejected from resistance at the 50% Fibonacci retracement level, adding confluence to the bearish bias. what you guys think of this idea ?
EURGBP is making higher lows and higher highs, with bulls pushing the price higher. The market broke through the descending channel. Price printing AB=CD pattern where D point completes right at 141.4% fibo extension level. We anticipate a pullback to support and continue the trend. ------------------- Share your opinion in the comments and support the idea...
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A reversal channel pattern is forming on the 1hr time frame, within a bearish flag that was formed in a HTF (4hr - Daily) of the EURGBP. If the price completes the reversal channel pattern, then there's a high probability of price dropping towards the weekly support area or reverse on the trendline that was formed by the falling wedge Pattern on the HTF...
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Hi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge,...
In light of DXY's current consolidation, I've turned my attention to the exotic pair EURGBP. Exotic pairs typically display increased volatility during such phases. Yesterday, I shared an analysis on EURGBP, foreseeing the filling of the H4 Order Block. Consequently, I entered a sell position as per the analysis. Today, I'm considering a continuation...
It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend will be formed. Crossing the resistance range will confirm the upward trend
Amidst the current consolidation of DXY, my focus shifts towards the exotic pair EURGBP. Exotic pairs tend to exhibit heightened volatility during periods of DXY consolidation. I anticipate EURGBP to fill the Liquidity Void on the H4 Timeframe by mitigating the H4 Order Block. My trading strategy involves waiting for confirmation during the London session...