🔹Technical Analysis of EUR/GBP 4H chart:
▪️Key Levels
* Demand Zone for Bull Run: 0.83200 - 0.83650
* Support Area for Price: 0.83800 - 0.84100
* Intermediate Resistance Zone: 0.84500
* Target Zone: 0.85200 - 0.85500
🔹 Market Structure Analysis
▪️ Trend Shift:
The chart illustrates a bullish reversal from a demand zone, with strong momentum following a previous downtrend. A breakout from the descending trendline confirms the change in sentiment.
▪️ Support Confirmation:
Price tested the demand zone near 0.83400, held firmly, and rebounded with a bullish push, forming a higher low – a key signal for a potential bull run.
▪️ Current Position:
Price is trading around 0.84140, above the highlighted support area. The bullish candlestick and volume spike at the demand zone indicate institutional buying interest.
🔹 Forecast & Trade Outlook
▪️Bullish Projection:
Price is expected to retest the intermediate resistance (0.84500) and, upon successful breakout, may rally towards the target zone (0.85200–0.85500).
▪️Validation:
Confirmation of bullish continuation will be strengthened by a clean break and retest of the 0.84500 level.
▪️Conclusion
The EUR/GBP pair has shown strong bullish momentum from a confirmed demand zone, with technical signals supporting a potential move toward the 0.85500 resistance zone. Traders should monitor for a breakout above 0.84500 with sustained volume for confirmation.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️Key Levels
* Demand Zone for Bull Run: 0.83200 - 0.83650
* Support Area for Price: 0.83800 - 0.84100
* Intermediate Resistance Zone: 0.84500
* Target Zone: 0.85200 - 0.85500
🔹 Market Structure Analysis
▪️ Trend Shift:
The chart illustrates a bullish reversal from a demand zone, with strong momentum following a previous downtrend. A breakout from the descending trendline confirms the change in sentiment.
▪️ Support Confirmation:
Price tested the demand zone near 0.83400, held firmly, and rebounded with a bullish push, forming a higher low – a key signal for a potential bull run.
▪️ Current Position:
Price is trading around 0.84140, above the highlighted support area. The bullish candlestick and volume spike at the demand zone indicate institutional buying interest.
🔹 Forecast & Trade Outlook
▪️Bullish Projection:
Price is expected to retest the intermediate resistance (0.84500) and, upon successful breakout, may rally towards the target zone (0.85200–0.85500).
▪️Validation:
Confirmation of bullish continuation will be strengthened by a clean break and retest of the 0.84500 level.
▪️Conclusion
The EUR/GBP pair has shown strong bullish momentum from a confirmed demand zone, with technical signals supporting a potential move toward the 0.85500 resistance zone. Traders should monitor for a breakout above 0.84500 with sustained volume for confirmation.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
Note
trade running in good pips,Note
market has low volume , still holding for big move Note
price is breaking near resistance area, and now still going upside, and we are already in good pips from support area..Trade closed: target reached
120 pips+
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.