may we will see downmove, daily resistance zone covered with few sell signals in 240. stop 20 pips above highs.
next resistance zone is around 1.4700
corelated pair eurgbp,no buy signal yet there, but daily support zone:
update: no sell signal
Looking for sell signal at daily resist, agresive traders can go short.
Resistance is covered with few bearish engulfings.
On daily we can see sell signals as well:
Daily close above this resistance will open the door to 0.7650 and 0.7740 levels
Neckline broken, go long or wait for neckline retest. Adjust stop loss to your trading criteria. My SL will be half way of target to get 1:2 RR. Weekly bull engulfing is supporting long, daily close above neckline as well.
Expanding triangle looks to be completed, Spinning tops at 0.50 retrace, second one engulfed prior one and closed below. Expecting continuation of major bear trend. Close above spinning tops will invalidate this setup, next resist-prior high.
240 - resist area covered with reversing patterns:
Nice builded res area, 50 pips stop, blended candle of last reversing pattern is shooting star. Stochastic is heading down from overbought area.
Daily close above 96.80 will invalidate bearish bias and will open the door to 99.00 area(rectangle hight).
update: in comments
price broke rectangle, wait for reaction after break, watch if support will turn to resistance. Stop is the half way of 1st target to get 1:2 RR.
In 240 price broke ascending wedge:
daily doji after downmove created in support area, Price broke this support but cant hold there, buyers are stepping in, sellers are not in control now, Indecision(doji) at support area gives potential for upmove. Stochastic in oversold area. Bullish outlook will be invalidated after close below doji.
1st target 50percent retrace from downmove
2nd target recent high