Monthly Structure Analysis for EURGBP
OLHC (Buy Setup)
Examining the initial monthly structure for the year 2024 of the EURGBP currency pair in the daily timeframe reveals a distinctive OLHC pattern (Open, Low, High, Close), indicating an optimal Buy Structure. Currently, we are anticipating a TDI cross ❎ to validate the presence of buyers in the market. Upon confirmation, the target points are outlined as follows:
1st 🥇 Target: 0.86165
2nd 🥈 Target: 0.86351
3rd 🥉 Target: 0.86501
4th Target 🎯: 0.86651, coinciding with the opening level for the ongoing month of January 2024.
Exercise patience when executing trades and implement sound risk management strategies. If you find this analysis beneficial, please show your support by liking 👍, sharing, and leaving a comment.
OLHC (Buy Setup)
Examining the initial monthly structure for the year 2024 of the EURGBP currency pair in the daily timeframe reveals a distinctive OLHC pattern (Open, Low, High, Close), indicating an optimal Buy Structure. Currently, we are anticipating a TDI cross ❎ to validate the presence of buyers in the market. Upon confirmation, the target points are outlined as follows:
1st 🥇 Target: 0.86165
2nd 🥈 Target: 0.86351
3rd 🥉 Target: 0.86501
4th Target 🎯: 0.86651, coinciding with the opening level for the ongoing month of January 2024.
Exercise patience when executing trades and implement sound risk management strategies. If you find this analysis beneficial, please show your support by liking 👍, sharing, and leaving a comment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.