EURGBP has formed an Inverse Flag & Pole pattern, indicating potential bearish continuation. The price has broken down below the key demand zone at 0.85400, confirming downside momentum.
Sell Entry Levels:
1st Entry: 0.85200 (momentum entry)
2nd Entry: 0.85400 (retracement entry)
🎯Technical Targets:
Target 1: 0.84400
Target 2: 0.83700
Target 3: 0.83400
Breakdown Confirmed – Bearish momentum expected to continue.
Risk Management: Always use stop-loss based on your strategy.
#EURGBP #Forex #TradingSetup #PriceAction #BearishSignals
Trade active
Second entry level at 0.85400 has been triggered on retracement – setup playing out as expected.
Now monitoring price action as we move toward the target zones:
Target 1: 0.84400
Target 2: 0.83700
Target 3: 0.83400
Breakdown confirmed – holding short positions and watching for continuation.
#EURGBP #ForexUpdate #TradeInProgress #PriceAction #BearishMomentum
Note
Target 1 hit successfully at 0.84400 – trade running with 100+ pips in profit!
Bearish momentum remains strong as price continues to follow the breakdown setup. Watching closely for moves toward the next targets:
Target 2: 0.83700
Target 3: 0.83400
Well-managed entries paying off – staying patient for further downside.
#EURGBP #ForexProfits #TradeUpdate #100Pips #BearishTrend #TechnicalAnalysis
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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.