RLinda ! EURGBP-> Breaking through the channel resistance
EURGBP indicates that an upward pattern is forming. The price opens the potential for growth of 80-130 pips.
The price was about a week in the descending price channel, the attempts to break through the channel resistance were followed by the logical reaction - the fall to the lower boundary.
Today, November 1, since the session opening the price forms pre-breakdown consolidation near the channel resistance and in the bullish momentum phase there is an upward exit from the range. Price is trading above resistance 0.86140
I assume if the bulls are able to strengthen their positions above 0.86140, the price will show us an excellent counter-trend growth followed by the change of the local trend.
The short-term target is resistance at 0.8688.
If the price returns into the range and consolidates under the resistance area, we should expect a fall.
The first target is support at 0.8574,
The second target is the liquidity zone of 0.85318.
Regards R.Linda!
The price was about a week in the descending price channel, the attempts to break through the channel resistance were followed by the logical reaction - the fall to the lower boundary.
Today, November 1, since the session opening the price forms pre-breakdown consolidation near the channel resistance and in the bullish momentum phase there is an upward exit from the range. Price is trading above resistance 0.86140
I assume if the bulls are able to strengthen their positions above 0.86140, the price will show us an excellent counter-trend growth followed by the change of the local trend.
The short-term target is resistance at 0.8688.
If the price returns into the range and consolidates under the resistance area, we should expect a fall.
The first target is support at 0.8574,
The second target is the liquidity zone of 0.85318.
Regards R.Linda!
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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.