Harmonic Trading – downward CRAB on EURGBP
In Harmonic Trading articles we look for currency pairs harmonic patterns on M30 - H4 time frames. You need to remember, that formation alone...
EURGBP breached out of the channel top and broke resistance on 0.7310
Last week the bulls on EURGBP first defeated the level 0.7165 and next 0.7220 to end the week at 0.7225. Today, with great momentum...
EUR/GBP (H4): Time for a correction
EUR/GBP (H4): Time for a correction
Forecast: Corrective rebound from 0.7160 targeting nearest support at 0.7100
Alternative scenario: Moving back above resistance zone
Comments: If price moves...
EUR/GBP (H4): In the resistance direction
EUR/GBP (H4): In the resistance direction
Forecast: Moving towards 0.7160 (previous high)
Alternative Scenario: Moving back below downtrend line
Comments: Buyers after breaking above previous resistances are...
EUR/GBP (H4): In a downtrend
EUR/GBP (H4): In a downtrend
Forecast: Further losses, targeting previous low
Alternative Scenario: Another test of downtrend line
Comments: Recently EUR/GBP once again rebounded lower from trend...