EUR/GBP Need To Seems Sell Correction...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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Eurgbpanalysis
EUR/GBP Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
EURGBP - WEURGBP
Another double bottom + TL as support! We could go further and add various other confluences but what's really important to implement your own trade plan in this idea!
Double bottom, support 0.88350 areas. Drop below further than that, then I would re-think this idea.
Overall stay above the support of 0.88350 and break of the key resistance that has been tested multiple times 0.88950 it's strong resistance but a break above I expect 0.89820 areas to be target.
We do have ECB & BOE today...
Have a great day ahead,
Trade Journal
DeGRAM | EURGBP confluence levelEURGBP has reached the confluence zone .
Price bounced off the level that was tested before.
Notice the market is decelerating while approaching the resistance level , which means bears are running out of steam.
We expect the price to retest the support levels and fibo level.
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EURGBP preparing for the next big move up to 0.9312Box Formation has formed on EURGBP.
We have the 7 looking to cross above the 21 and already price is above 200MA.
The RSI is above 50 and is making a bullish divergence.
These are all signs that we can expect the price to move up and breakout.
First target 0.9312
EURGBP – Bullish continuation expected the week of 17 Jan 2023The following describes the recent price action:
- bullish trend followed by
- consolidation & formation of a double bottom.
- price holding above the 50EMA.
- an minor break out above the range.
- pullback to the range held by the significant support around 0.8500.
Since the preceding trend was bullish and price has been forming higher lows and highs, a trend continuation is likely. I am expecting that next week will see this happen. Targets can be around the next S/R level in the 0.8980 region.
Always use sound money and risk management and stay patient in all your trades.
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DeGRAM | EURGBP buy confirmationEURGBP is basically trading sideways near a major support level .
We can see some divergence on the support level and double bottom.
Price action has printed a bullish harmonic pattern, which is another buy confirmation.
We expect the price to retest the resistance levels and further move up.
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