Bottom formation on EURGBP
Weekly timeframe
- Bigger picture bullish impulse bearish relief counter to the trend
- Retest of the false break zone
- Inverse head and shoulders/fake-out flag
- Bullish fib in play
- Bullish supply and demand zone
Daily timeframe
- Bottom formation (double bottom/reversal indication)
- Multiple not yet completed bullish M's (one fake-out/outer structure)
- Inverse head and shoulders as the scale-in
4H/2H timeframe
- 5 leg fib completion (-68) aligning nicely with my daily supply and demand zone
- Bigger picture bullish impulse bearish relief counter to the trend
- Retest of the false break zone
- Inverse head and shoulders/fake-out flag
- Bullish fib in play
- Bullish supply and demand zone
Daily timeframe
- Bottom formation (double bottom/reversal indication)
- Multiple not yet completed bullish M's (one fake-out/outer structure)
- Inverse head and shoulders as the scale-in
4H/2H timeframe
- 5 leg fib completion (-68) aligning nicely with my daily supply and demand zone
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.