EUR/GBP has started to the New Year with negative momentum as prices form a bearish reversal pattern on lower timeframes…
Recent price action on EUR/GBP’s hourly candle chart indicates that this key currency cross may be starting to rollover. A clear head and shoulders reversal pattern has formed with prices breaking below the ‘neckline’ of the pattern during...
EURGBP broke and closed below the support level; breaking the channel, and it will most likely go down further.
The market made a sharp move down from the resistance level on the D chart.
We expect a breakout pullback and continuation price action.
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Multiple price action conformations to go short with a risk reward of 1:2 daily bearish 4 hour and 1 hour also making head and shoulder hope it will plays out let,s make some money 1st trade of the year 2024
hello trader’s what do you think about Eurgbp)?
The pound rose slightly on Friday as the dollar slipped while investors waited for data on the Federal Reserve's preferred gauge of inflation.
Sterling
GBPUSD
was up 0.36% at $1.2736 and was set for a weekly gain of 0.45%. The euro
EURUSD
was down 0.26% against the pound at 86.55 pence.
The pound has risen...
It is expected that a trend change will be formed in the current resistance range and we will witness the beginning of the downward trend. Crossing the support zone will confirm the downtrend
If the price crosses the resistance range, the upward trend is likely to continue
✅EUR_GBP broke out of
The rising wedge pattern
And the breakout is confirmed
So I think that the pair
Will keep falling down
SHORT🔥
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Wave analysis and trend movement, with pure price action has always been the trend here... What do you think of the market using traders as liquidity for our entry? Kindly follow and engage.
It is expected that the upward trend will end in the specified resistance range and we will see the beginning of the corrective trend
By crossing the support range, it will be possible to continue the corrective process
The price could pullback and breakout of the sell entry and reverse to the take profit level.
Sell entry is at 0.86829 which is an overlap support level.
Stop loss is at 0.87009 which is a level that sits under an overlap resistance level.
Take profit is at 0.86371 which is pullback support level.
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