Hello,
Welcome to this analysis about EURGBP, we are looking at the hourly timeframe perspectives. EURGBP in recent times developed a structure in which a considerable breakout has the ability to emerge when EURGBP determines the right price-actions. When looking at my chart now we can watch there how EURGBP is trading within this massive ascending-channel-formation with a coherent local wave-count within the formation and its waves A and B already completed, now within this wave-count EURGBP also forms this local bull-flag-formation marked in orange in my chart which is likely to be the appropriate origin for an upside-breakout, when this happens and EURGBP bounces above the upper boundary of the flag it will be the setup for the further continuations and EURGBP will approach the upper target zone within the upper boundary marked in blue which is the wave-C-extension target-zone. Once this zone has been reached the situation needs to be elevated anew. For now, we should expect the bullish breakout to emerge in the upcoming times as EURGBP also stays above the important EMA structure, it will be an interesting development.
In this manner, thank you for watching my analysis about EURGBP and the ascending-channel structure with the upcoming breakouts to consider, support the analysis with a like and follow or comment for more market insight!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about EURGBP, we are looking at the hourly timeframe perspectives. EURGBP in recent times developed a structure in which a considerable breakout has the ability to emerge when EURGBP determines the right price-actions. When looking at my chart now we can watch there how EURGBP is trading within this massive ascending-channel-formation with a coherent local wave-count within the formation and its waves A and B already completed, now within this wave-count EURGBP also forms this local bull-flag-formation marked in orange in my chart which is likely to be the appropriate origin for an upside-breakout, when this happens and EURGBP bounces above the upper boundary of the flag it will be the setup for the further continuations and EURGBP will approach the upper target zone within the upper boundary marked in blue which is the wave-C-extension target-zone. Once this zone has been reached the situation needs to be elevated anew. For now, we should expect the bullish breakout to emerge in the upcoming times as EURGBP also stays above the important EMA structure, it will be an interesting development.
In this manner, thank you for watching my analysis about EURGBP and the ascending-channel structure with the upcoming breakouts to consider, support the analysis with a like and follow or comment for more market insight!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
노트
ANALYSIS UPDATE: EURGBP continued with the wave-C extension to reach all of the projected target zones and accelerate the major wave dynamics.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.