After breaking the uptrend line in the great temporality of 1D, the price went back creating a SHSI, at the beginning I thought that this movement was kind of a pullback, however, the price created a right shoulder, and formed the figure named before. At this moment the price made a resistance at 1.97805 creating another uptrend channel in 4H, and in 1H the price...
The resistance level 0.88626 that has been rejected from may of the last year was finally broken and now the projection is that EUR GBP should fall until 0.87642 first, if that level is broken then the next one should be 083626
According to my analisys, using Fib Retracement the price will increase until 61,80% in 4h, so taking this into account: Enter price: 1.91551 Sl: 1.90939 Tp:1.95348
According to the analisys, we expect that the marker go long.
Even when GBP is weak caused by COVID 19 EUR is one of the foreing excange more affected by the virus. Taking this into account and the tecnical analisys i put the following: 1) SL: 0.88801 2) Tp: 0.86385 In case the graphic go higher 0.89105 hing that I doubt, the trend would change and go long. it's my opiniong
So, I am here waiting for the broken of the floor on 1565.89, just as she has broken my heart :( Sl: 1571.77 Tp1: 1553.73 If it keep going down Tp2:1535.03 and Tp3: 1523.68 Just my idea WAITING FOR CONFIRMATION
I still keep thinking it's going to fall until level -27, but we have to be correcting our st and tp. Tp1: level 61 Tp2: level 38 Tp3: level -27 I repeat it again, its just my opinion. Good Luck every body.
Respecting the trend lines that create supports and resistances, Gold will fall until level -27 of fibonacci Thats my analisys, it is just one opinion.
With the Harmonic Patterns and the fibonacci I analyze that the market would get until: SL:0.67205 TP1: 0.67990 TP2: 0.68496 TP3: 0.68960
With the Harmonic Patterns and the fibonacci i analyze that the market would get until 61,80%