EURGBP indicates that an upward pattern is forming. The price opens the potential for growth of 80-130 pips.
The price was about a week in the descending price channel, the attempts to break through the channel resistance were followed by the logical reaction - the fall to the lower boundary.
Today, November 1, since the session opening the price forms pre-breakdown consolidation near the channel resistance and in the bullish momentum phase there is an upward exit from the range. Price is trading above resistance 0.86140
I assume if the bulls are able to strengthen their positions above 0.86140, the price will show us an excellent counter-trend growth followed by the change of the local trend.
The short-term target is resistance at 0.8688.
If the price returns into the range and consolidates under the resistance area, we should expect a fall.
The first target is support at 0.8574,
The second target is the liquidity zone of 0.85318.
Regards R.Linda!
The price was about a week in the descending price channel, the attempts to break through the channel resistance were followed by the logical reaction - the fall to the lower boundary.
Today, November 1, since the session opening the price forms pre-breakdown consolidation near the channel resistance and in the bullish momentum phase there is an upward exit from the range. Price is trading above resistance 0.86140
I assume if the bulls are able to strengthen their positions above 0.86140, the price will show us an excellent counter-trend growth followed by the change of the local trend.
The short-term target is resistance at 0.8688.
If the price returns into the range and consolidates under the resistance area, we should expect a fall.
The first target is support at 0.8574,
The second target is the liquidity zone of 0.85318.
Regards R.Linda!
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(don't copy, click on the links!)
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.