The EUR/GBP pair is forming a Cup & Handle pattern, signaling a potential bearish breakout. The market is testing the support line, and a strong bearish candle will confirm the move downward. Stay patient and wait for confirmation! π₯
πTechnical Analysis
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β Cup & Handle Pattern β A bearish continuation setup
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π Support Line Test β Price approaching a key breakdown level
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π» Breakout Confirmation β Wait for a strong bearish candle to enter
π― Technical Target Levels:
π 0.822 β First target for short-term profits
π 0.800 β Extended target for deeper downside
π’ Trading Strategy:
πΉ Wait for a confirmed break below the support line
πΉ Ensure strong bearish momentum before entering π₯
πΉ Follow the downtrend for maximum profits
πΉ Set stop-loss above the handle formation for risk management
π A major move is comingβstay patient, follow the trend, and capitalize!
π Like, comment & follow for more trading updates! π