EUR/GBP - Possible scenarios or a new beginning

FX:EURGBP   欧元/英镑
Hello everyone,

Those are my views on the EUR/GBP currency pairs. On the Weekly time frame the price made a new top, but quickly retraced back below the previous one. At the same time we can see that on the Daily graph the pair made a huge wave up, followed by a quick drop and another wave up, but a lot smaller than the first one, which reached a previous consolidation area which can be counted as a resistance area . So far from what I am seeing is that the pair is running away from that area and the formation of a nice and long downtrend might be possible. I have made my trading plan on the H4 time frame for both scenarios – either the pair enters in a downtrend or it breaks the possible resistance area and goes back up almost to the last top. Below you can find the zones and the plan will be traded on the M30 time frame. I just want to add that the consolidation area can be counted as a Supply Area at this point, which acts as a resistance and the bears interest is awaken.

Sell Zone: 0.8920 to 0.8770
Buy Zone: 0.9005 to 0.9130

Also don’t forget to follow us on Twitter for Live Signals based on this plan.
Good luck to everyone! :)
订单已取消: Price covered our Sell Zone. Plan is no longer valid.
Follow us throughout our social media profiles:

Youtube Channel: DMTrading Bulgaria
Twitter Page: DMTBulgaria
Facebook Page: DMTrading Bulgaria

Additional educational articles-Medium: @dmtradingbg
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出