EURGBP at Major Support — Is a Bullish Reversal Finally Here?
EURGBP(
EURGBP) is currently trading inside a heavy support zone(0.8511 GBP-0.8444 GBP)). On the higher timeframe, we can also see a Positive Regular Divergence (RD+) between two consecutive valleys, which could be an early sign of a potential bullish reversal.
From an Elliott Wave perspective, EURGBP appears to have completed its five-wave bearish structure, suggesting that a corrective move to the upside may begin soon.
The key trading level to monitor if EURGBP starts moving higher is 0.8522 GBP.
I expect EURGBP to rebound from the Potential Reversal Zone(PRZ)[0.8484 GBP-0.8473 GBP] and continue its bullish correction, with an initial target around 0.8510 GBP.
First Target: 0.8510 GBP
Second Target: 0.8519 GBP
Stop Loss(SL): 0.8465 GBP
What’s your view on EURGBP? Do you think the pair can resume its bullish trend, or should we expect another bearish move first?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Euro/ British Pound Analyze (EURGBP), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
EURGBP) is currently trading inside a heavy support zone(0.8511 GBP-0.8444 GBP)). On the higher timeframe, we can also see a Positive Regular Divergence (RD+) between two consecutive valleys, which could be an early sign of a potential bullish reversal.From an Elliott Wave perspective, EURGBP appears to have completed its five-wave bearish structure, suggesting that a corrective move to the upside may begin soon.
The key trading level to monitor if EURGBP starts moving higher is 0.8522 GBP.
I expect EURGBP to rebound from the Potential Reversal Zone(PRZ)[0.8484 GBP-0.8473 GBP] and continue its bullish correction, with an initial target around 0.8510 GBP.
First Target: 0.8510 GBP
Second Target: 0.8519 GBP
Stop Loss(SL): 0.8465 GBP
What’s your view on EURGBP? Do you think the pair can resume its bullish trend, or should we expect another bearish move first?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Euro/ British Pound Analyze (EURGBP), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Dagangan ditutup: sasaran tercapai
Full Target Done(0.8519 GBP)
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.