Down Trend is confirmed by ABCD, 'C' being the TVP level for the trend. Which gives the bias to the Down side. However there are two Scenarios that could possibly happen as we see candle '1' has broken the TVP. Scenario 1 (Green): If candle '1' is broken and given acceptance then we could expect price to move up and break 'A' . Our entry would come on the...
EURGBP may move up to 0.8950/0.9050 in the coming weeks on the back of positive MACD divergence.
in.tradingview.com OANDA:EURGBP SHORT AT 0.87303 on 14-Mar 23:30 (+0530)
It can be observed that EURGBP is consolidating in a bull flag after a good move up. Look to go long in the given buy zone which coincides with a support zone which was broken by the strong upmove! Stop: below 0.8514 Target: 0.8595
EURGBP is heading higher and is poised for bounce from support levels.
It has been observed that EURGBP tried breaking the falling trendline resistance but was unable to do so. Can be shorted at current price levels for targets to the next support level. Target :0.85851 Stop : 0.86457