We current have a break and retest of a trendline (W1 and M) line and a head and shoulders structure visble on the weekly our bias is short
As we can currently see on the above given set we have a clear double top(1.20839 zone) structure which is also accompanied buy a break of the initial upward trend direction(1.20025) with very strong Bearish Momentum. Looking at our first zone of interest to be around (1.17989-1.17164) as out take profits to see whether will there be a continuation of the Double top
As we can see based on the Horizontal lines we are on a zone of very strong co-influence(1903.xx) and based on the daily candle structure we can see price has strong potential to head up to (196x.xx) and further higher to the 2xxx.xx zone thus completing a double top structure where we should get a good Long term sell
We currently have a breakout on the Monthly Time frame for this one and looking at the weekly structure theres a flag like set up, please enter wit a lot your account can take if youre entering updates to follow as it moves
We are currently on a very crucial zone for this pair and as we see a similar incomplete H&S pattern on the h4, d1,w1 please follow good risk management
We should patiently wait for gold to get up 144x.xx zone thus completing the right shoulder and retesting the previously broke trendline for now we on a uptrend to complete a structure for the sell!!
Since EURGBP is showing potential for upward strong Movement we should anticipate strong bullish move after a break of the stipulated zone on the Monthly timeframe, Please wait for price to break before entering
We currently have a clear break and currently we retesting the trendline based on the Monthly time frames we should be looking at shown "Supports" for our potential take profit Zones as the trend goes further downwards!
as we can we have currently broken out of the trendline showing furher movement on a downwards to the stipulated zone/highlighted
as we can see Price action has already began taking its toll on this pair and we are a few rejection wicks on this pair to the upside what this indicates taking into consideration the upward trendline currently supporting the structure is that we have a high probabilty for a breakout to the lower marked zones..
Wedge, flag pattern structure, so we should look for longing opportunities
Clear play out of support and resistance on this on price will firstly retest previously broke zone which will be creating the monthly low for price to hit the 140.xxx region
We have curently completed creating the new high for nasdaq so the retest will be the high of next month creatin our right shoulder on the smaller time frame(DAILY) A CLEAR HEADS AND SHOULDERs
as we can see we have an inverted heads and shoulders patter structure forming , we are currently about to create the right shoulder
As we we can see we have a clear bullish peanant or a wedge indicating potential for a strong bullish movement....