Smartmoneytrading
EUR/GBP Breakdown – More Downside Ahead? Local Short! SellAnalysis & Description:
The EUR/GBP pair is showing bearish momentum, having broken below a key horizontal resistance zone, confirming a potential downtrend continuation.
Key Observations:
✅ Break & Retest Pattern: The price has broken below the previous support (now resistance) and is retesting it before further downside.
✅ Bearish Structure: Lower highs and lower lows indicate a continuation of the downtrend.
✅ Target Level: The next bearish target is marked around 0.82441, aligning with previous support.
Trading Plan:
📉 Bearish Bias:
A successful rejection from the resistance zone could provide a selling opportunity targeting 0.82441 and lower.
⚠️ Bullish Invalidations:
If the price reclaims 0.82760, it could signal a fakeout and potential bullish reversal.
Final Thought:
EUR/GBP is in a clear bearish trend, and a rejection from the resistance zone could trigger a further decline toward the 0.82441 level. Stay cautious of any false breakouts! 📉🔥
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal
Level of 94.025 and the
Breakout is confirmed so
We are bearish biased
And we will be expecting
A further move down
Sell!
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EUR-NZD Short From Resistance! Sell!
Hello,Traders!
EUR-NZD keeps going up
Just as I predicted but will
Soon hit a horizontal resistance
Of 1.8544 from where we will
Be expecting a local bearish
Correction and a move down
Sell!
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EUR-CHF Bearish Breakout! Sell!
Hello,Traders!
EUR-CHF is going down
And the pair made a bearish
Breakout of the key horizontal
Level of 0.9370 and the
Breakout is confirmed so we
Are bearish biased and we
Will be expecting a further
Bearish move down
Sell!
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NZD_USD REBOUND AHEAD|LONG|
✅NZD_USD went down from
The rising resistance just as
We predicted in our previous
Analysis now the pair has
Reached the horizontal support
Of 0.5690 from where we are
Already seeing a local bullish
Reaction and we will be
Expecting a further bullish rebound
LONG🚀
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GBP-NZD Short From Resistance! Sell!
Hello,Traders!
GBP-NZD keeps growing
Just as I predicted in my
Previous analysis but the
Pair will soon hit a horizontal
Resistance of 2.222 from where
We will be expecting a local
Bearish correction
Buy!
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EUR-CAD Will Keep Growing! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair made
A retest of the horizontal
Support level of 1.4879
And then went up sharply
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
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