EUR/GBP Technical Analysis – 4H Chart
Key Levels & Market Structure
- Resistance Level: 0.84600 - 0.84618, where sellers may step in.
- Support Level: 0.83617 - 0.83656, a potential demand zone for buyers.
- Gap Filled: Previous imbalance filled, confirming structure shift.
Potential Trade Setup
- If price retests the support level, a bullish move towards resistance is expected.
- A break below support could lead to further downside toward 0.83359 and beyond.
Market Outlook
- Bullish Scenario: Buyers defend the support level, leading to a continuation toward 0.84600.
- Bearish Scenario: A breakdown below support could trigger a decline to 0.82620.
Traders should monitor price action at support for confirmation of the next move. 📊🚀
If you enjoy, press the like button.
Key Levels & Market Structure
- Resistance Level: 0.84600 - 0.84618, where sellers may step in.
- Support Level: 0.83617 - 0.83656, a potential demand zone for buyers.
- Gap Filled: Previous imbalance filled, confirming structure shift.
Potential Trade Setup
- If price retests the support level, a bullish move towards resistance is expected.
- A break below support could lead to further downside toward 0.83359 and beyond.
Market Outlook
- Bullish Scenario: Buyers defend the support level, leading to a continuation toward 0.84600.
- Bearish Scenario: A breakdown below support could trigger a decline to 0.82620.
Traders should monitor price action at support for confirmation of the next move. 📊🚀
If you enjoy, press the like button.
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.