EURGBP Double Scenrio

4 июл.Hello traders

Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!!


Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher!


Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel
Overall chance of rise is a little more

Bullish scenario will be activated after breaking the purple line
Bearish scenario will be activated after breaking the zone


Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel


Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.

4 июл.

Комментарий

Purple line is broken

8 июл.

Комментарий

SL hit! The bearish scenario is going to work! wait for another analysis.

15 июл.

Сделка закрыта: достигнута тейк-профит цена