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.
Trade active
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.