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AB=CD

EURCHF, Gartley222, 78% retracement, bounce from Weekly 20EMAShort opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level. This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there. The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better stage out at some point and put the stop to breakeven. These targets are not easy to reach and are not high hit-rate aims, but are ones that can easily make half of your trading gains.
Short
by TheSpringHunter
MAV - 769% profit in 2024, buy nowMAV is starting a parabolic phase, as you can see on the chart. The price hit an all-time high on Binance, and the resistance turned into a support. The previous ATH must hold for the continuation of the uptrend (0.5824). Where to take profit? 1.97 is the first strong resistance because it's the highest traded price on Binance. But we should go much higher than that. 6.56 is the minimum profit target. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About Maverick Protocol Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick is backed by Founders Fund, Pantera Capital, Coinbase Ventures, Binance Labs, Circle Ventures, Gemini, etc. Maverick’s eliminating inefficiency from DeFi by helping users put their liquidity where it can do the most work. It’s building in 3 phases: Capital Efficiency: launched the first Dynamic Distribution AMM Liquidity Incentivization Efficiency: launched lquidity shaping tool - Boosted Position Voting Escrow: ve-Model and metaprotocol design
Long
by Xanrox
12
STORJ - 1267% profit in 2024, buy nowSTORJ looks incredible. We can see that the price broke out of the falling wedge - bullish reversal pattern on the weekly chart. Always look at the volume indicator to confirm the validity of the breakout. If we take a look at the volume indicator, we can see that the bullish volume is overwhelming, which is very positive! What's more important is the Elliott wave analysis. My analysis suggests that we started this uptrend with a strong impulse wave of 12345. That's the dream of every Elliott Wave trader. What we want to do is buy the correction of this impulse wave. Wave (2) should be complete, so it's good to buy this coin now. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Storj? Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform. Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018. People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens. What Makes Storj Unique? As a decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers. Anyone with a few extra terabytes of space can become a node on the platform by installing Tardigrade. All that is required is a strong and consistent internet connection. The efficiency of the network means that hosts pay far less for the storage of their data than when employing traditional cloud storage services.
Long
by Xanrox
5
XEM/NEM is starting a huge uptrend. 1500% profit this yearXEM is currently breaking out of the huge downtrend on the weekly chart. We always need to take a look at the volume indicator, and the bullish volume is really huge, which confirms my idea. The downtrend ended with a descending parallel channel and a WXYXZ complex Elliott Wave corrective pattern. We have three key resistances on the weekly chart. XEM Needs to be strong enough to break them. It is up to you which profit target you choose; on the chart, you can see three profit targets. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What is NEM? NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram. In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
XLong
by Xanrox
5
PEOPLE is ready for a 1333% profit. Buy nowPEOPLE is incredibly bullish at this moment. We can see that this is the strongest weekly candle in the history of this coin. Is this a bullish or bearish sign? Of course, bullish! We have a falling wedge pattern, and as per classic technical analysis, the target of the falling wedge is the top of the wedge, which is the previous all-time high. What about the volume indicator? Volume is the strongest in history and also a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Constitution DAO (PEOPLE) was another instance of an internet-based grassroots movement taking on establishment symbols with the help of cryptocurrencies. Similar to what happened with GameStop, Constitution DAO channeled the virtual power of the masses to only narrowly miss out on making real-world history. The DAO published its first tweet on November 12, only six days before the Sotheby’s auction on November 18. The copy of the Constitution was the last remaining privately-owned copy, and the first time a copy of the Constitution went on sale in 33 years. Within hours, the DAO’s Discord server grew several thousand people strong and eventually reached 20,000 members within a little over a week. Relying on a mix of Nicolas Cage memes, inspired by a movie in which Cage is trying to steal the Constitution, and the crypto-specific (x,x) meme first popularized by Olympus (OHM), the attempt quickly went viral on Crypto Twitter. The DAO used Juicebox to receive donations in Ether and collected a sum north of $47 million, which would have easily been enough to win the auction, had it not been for the auction house fees and storage costs for the document that were not accounted for by the DAO. Ironically, Ken Griffin, a declared opponent of Bitcoin, won the auction. In the aftermath of this saga, Constitution DAO announced it would dissolve as it had planned in case of failure from the very beginning. It cited technical and administrative requirements as reasons for doing so, and donations can be reclaimed for an indefinite period of time via the project’s website. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
YFII is pumping, is 350% possible in the short-term?YFII is pumping; this is pretty clear. But will this pump continue? I think so! Why? Because we have this parallel channel on the weekly chart, and the price is currently near its support line. From a fundamental perspective, this coin is really strong, and whales are buying. It is a huge deal for the banks and big corporations. The ABC correction is complete, which is pretty clear. This is a great bullish setup. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! DFI.MONEY (YFII) originated as a hard fork of yearn.finance, the aggregator for DeFi returns created by Andre Cronje. Cronje left the original incarnation of yearn.finance, iEarn, in early 2020, only to return to continue its development, whereupon its popularity grew considerably as DeFi became more mainstream. In July 2020, mining and farming of yearn.finance’s YFI token ended, and a proposal to protect liquidity provision from whales earned 80% support among protocol participants. However, it was not adopted due to not meeting yearn.finance’s requisite 33% quorum requirement. As a result, a group of users opted to hard fork the protocol to create DFI.MONEY, with its own token, YFII. The hard fork implemented the proposal, known as YIP-8, which makes YFII rewards decrease each week, following a pattern popularized by Bitcoin (BTC). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
YLong
by Xanrox
12
GAS is a beast, buy here againGas pumped a lot, which you can see on the chart. Now we need to think about re-buying this coin for another profit. Where to buy GAS? We have an unfilled FVGAP that I have drawn on the chart; this is strong support. Also, we have the 0.786 FIB retracement. These levels are close to each other, so place your limit orders to buy gas here. Thank me later. We also need to complete the ABC corrective pattern before another pump. Gas is a token created on the NEO blockchain platform with primary purpose of being fees for processing transactions on the NEO network. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
1
EURCHF | Hidden Bullish Divergence | AB=CDEURCHF's chart currently shows the formation of an AB=CD pattern, which signifies a Potential Reversal Zone (PRZ). Additionally, there is a Hidden Bullish Divergence , indicating a shift in the trend towards an uptrend. In technical analysis, an AB=CD pattern is a harmonic price pattern that suggests a potential reversal. The completion of this pattern at the PRZ indicates an area where traders might anticipate a reversal in the current price direction. The presence of a Hidden Bullish Divergence adds further confirmation to the potential reversal. Hidden Bullish Divergence occurs when the price forms higher lows, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows. This discrepancy suggests that, despite lower lows in the indicator, the underlying momentum is becoming more bullish. Combined, the AB=CD pattern and the Hidden Bullish Divergence suggest a scenario where the market may be poised for an upward reversal in EURCHF. However, it's crucial to conduct a thorough analysis and consider other relevant factors before making trading decisions, as no single indicator guarantees market movements.
Long
by awaisulabdeen
6
LDO - 180% profit in a few weeks, buy now!LDO looks absolutely strong. It just hit a new all-time high a few weeks ago, and this is serious. What you want to do is buy coins that have reached an all-time high for massive profits. What is the next target? The 3.0 FIB extension is 185% far away, which is good; take profit here. Strong Elliott Wave combos (1)(2)(1)(2) provide a solid trade setup. We can see that the chart formed an ascending triangle, which is a very strong bullish pattern. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks. Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards. Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities. The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform. Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
ICP - can 1093% this year! Buy now.ICP looks really strong; the uptrend just started, and I am expecting another 1093% pump in the immediate short term. We can see that the price is moving in this ascending bullish parallel channel, and we have a lot of space for growth. From the Elliott Wave perspective, wave 1 ahs been completed, and wave 3 is usually the strongest wave. You do not want to miss this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.
Long
by Xanrox
7
Countertrend Gartley 222 (AB=CD) in DAX, entry at 78%Something I was observing for, but didn't enter. One way to trade Gartleys is to enter directly at the 78% retracement lever with a stop behind the previous high/low. (Point X) There was no good signal bar at 30 min, 1 hour nor the 2 hour chart so this was a viable way. In this case, one-to-one was already reached. Larry Pesavento suggests for targets the 38% and the e 68% retracements of the AD leg. In this case, as it's a countertrend trade maybe this is the better option, target 1 was already reached in this chart. With the trend, you can even aim for the 161% extension of the AD leg which gives a huge risk-to-reward opportunity. I prefer these.
OANDA:DE30EUR
by TheSpringHunter
API3 can 1400% in 2024, time to buy?API3 is breaking out of the falling wedge pattern on the weekly chart, which is a great sign of strength. We can see that the corrective Elliott Wave pattern WXYXZ is complete, and we are starting a brand new uptrend to an all-time high. I believe 2024 will be very bullish for this coin, so it is better to buy now when the price is still cheap. We must also look at the volume indicator. We can see that the bullish volume is much higher than the bearish volume, which gives us confidence in this trade. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is API3 (API3)? Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem. API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.” The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles. Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes. API3’s token went live at the start of December following on from a token sale that generated tens of millions of dollars. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
22
UMA can 27x this year, time to buy now?UMA is going up, and we have record bullish volume on the volume indicator. The breakout is confirmed with a huge volume spike on the major weekly chart. It looks really good; be careful of short-term corrections, but this coin can 27x this year. As per my Elliott Wave analysis, the complex correction WXYXZ is complete, and we are starting a huge impulse wave! It's clear at this point that the downtrend has ended and we can make some profits with this coin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What makes UMA unique? Oracles are a key part of blockchain infrastructure. They enable communication between the external world and on-chain environments in a trustless manner. Oracles are vital for many parts of the blockchain industry including decentralized finance (DeFi) and Web3 applications. An optimistic oracle like UMA's uses a “true unless disputed” pattern, with a tokenholder vote to resolve disputes. Anyone can propose an answer to a data request, and it is accepted as true if it is not disputed during a verification period. The “optimistic” design differs from a price-feed oracle, where prices are streamed on-chain and are instantly final. This optimistic oracle design concept has been in development since 2014, when Vitalik first published on the matter. There have been several iterations over the years since then. The optimistic design pattern introduces the opportunity for human intelligence to weigh in. This is important for Web3 projects as they require arbitrary data that is not always possible to turn into code. Today, the OO provides flexible, unique dispute resolution involving any kind of question or data with human input, as compared to price feed oracles, which can only push regular price updates onto chains.
Long
by Xanrox
28
SiaCoin (SC) is starting something huge, 658% profitSC is starting a huge uptrend, and we can see that the most important resistance zone is broken. So I have to tell you and inform you about it. The next stop is the 0.618 FIB, and after that, the previous all-time high. The downtrend ended with a pretty nice trendline, and we made a symmetrical triangle at the bottom, which is a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft. Because of its decentralized nature, Sia is able to offer competitive storage rates. Files stored on the Sia network are divided into 30 encrypted segments, with each segment uploaded to a unique host for redundancy. The agreements between uploaders and hosts are recorded on Sia's blockchain and enforced using smart contracts. Siacoin acts as the method of payment on the network, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
3
OP is one of the strongest coin, new all time high, buy now?OP looks absolutely strong. It hit a new all-time high recently, and the continuation of the rally is highly likely. The previous ATH from 2023 has been broken by the bulls, and now we are in the phase of price discovery. 500% profit is likely, but you can aim for more if you want. My profit target is the 1.618 FIB extension, which is always a strong resistance, especially in the crypto market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum. Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
6
GMT Is breaking out. Pump is starting, here is why.GMT is really bullish because the downtrend ended with a descending parallel channel. Volume is starting to be really high, which is a good sign. WXYXZ corrective pattern is complete, also a good sign. Where to take profit? I recommend 3 profit targets at this moment. Choose wisely, my last profit target is the previous all time high, which is a strong resistance and I don't think it will break on the first try. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! FSL (GMT) was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong. Mr. Rong has previously founded Crypto SA, an Australian crypto fund and pro-regulation auditor, and has served as an ambassador for Algorand and as an industry representative of the South Australian Blockchain Association. He founded STEPN with his neighbor and partner Jerry Huang, a game developer and former founder of Falafel Games. FSL raised a significant $5 million seed round from some of the biggest crypto venture capital firms like Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance and several others. Several notable angel investors include Santiago R Santos and Asia Partner of Republic Zhen Cao. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
POWR Ledger is going crazy, 10x still possible?POWR by Ledger is a very promising coin, as Ledger is one of the most popular crypto hardware wallets in the world. Fundamentals are pretty strong, and there is no doubt that this coin is going to continue in this promising uptrend. We are in a parabolic phase, so do not expect strong corrections. 10x is, in my opinion, still very possible if you buy the coin now. We can see that the bullish volume is relatively strong. I am expecting an all-time high in 2024 very soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
4
PERP is starting a new uptrend after 600 daysPERP is now very bullish because the price went outside of the consolidation structure made by whales. We can clearly see that the bullish base is broken by bulls, and we are definitely ready to go much higher. The first resistance is 3.61, and the second resistance is 26.2. Bullish volume is huge, so it is always nice to see. Coins are currently crashing while PERP is going up. What is your opinion? Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Long
by Xanrox
3
AUDNZD | Hidden Bullish Divergence | AB=CDAUDNZD chart currently shows the formation of AB=CD patterns , indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bullish divergence, confirming a bullish trend. Both indicators collectively suggest that the trend has shifted to an uptrend. In technical analysis, an AB=CD pattern is a harmonic pattern used to identify potential reversal zones where the price might change direction. The completion of this pattern at the PRZ suggests an area where traders might anticipate a shift in the prevailing trend. The hidden bullish divergence further supports the notion of an uptrend. This occurs when the price forms higher lows, while the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows, indicating underlying strength in the bullish momentum. Taken together, the presence of AB=CD patterns and the hidden bullish divergence provides a stronger indication of a shift to an uptrend in the AUDNZD chart. Nevertheless, traders should conduct a thorough analysis and consider other factors before making trading decisions, as market conditions can change, and relying on multiple indicators enhances decision-making accuracy. On the 1-hour time frame , there is a hidden bullish divergence, and an Inverse Head & Shoulders pattern has formed, both indicating a potential reversal. Additionally, according to Dow Theory, the market is printing new higher highs (HH) and higher lows (HL). A hidden bullish divergence occurs when the price forms higher lows, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows. This signals underlying strength in the upward momentum. The Inverse Head & Shoulders pattern is a bullish reversal pattern characterized by three lows, where the middle low (head) is lower than the two outer lows (shoulders). Its formation suggests a shift from a bearish to a bullish trend. According to Dow Theory, a bullish trend is confirmed when the market prints new higher highs and higher lows. This aligns with the idea that, in an uptrend, each successive high and low should be higher than the previous ones. In summary, the confluence of a hidden bullish divergence, an Inverse Head & Shoulders pattern, and adherence to Dow Theory principles collectively suggest a strong indication of a potential bullish reversal on the 1-hour time frame. However, it's crucial to consider other factors and perform comprehensive analysis before making trading decisions.
Long
by awaisulabdeen
11
Heavyweight UK Data Ahead of European Cash Open TomorrowAhead of the European cash open, we welcome potentially heavyweight UK data at 7:00 am GMT. As I am sure you’re already aware, I must point out that traders will be viewing the unemployment metric with some trepidation due to problems with data collection. Market consensus, however, forecast a slight uptick in the unemployment rate to 4.0% in the three months to December 2023 from 3.9% in November. I do not see 4.0% causing too many ripples in the financial markets, though a marked deviation—south of 3.8% or north of 4.4%, for example—would likely elevate volatility across GBP currency pairs. Wages data will be the highlight event for most of the traders and investors, as well as, of course, those at the Bank of England (BoE). Headline earnings growth data (including bonuses) is expected to reveal a sizeable slowdown in wage growth to 5.6% in the three months to December 2023, down from November’s reading of 6.5%; the estimate range currently spans between 6.0% and 5.4%. The ex-bonus print is also forecast to cool to 6.0% over the same period, from 6.6% in November, yet has a much narrower estimate range between 6.1% and 6.0%. As you can see, the markets already expect a sizeable downside print for the headline wages release. As a result, in order to surprise the markets, I would expect we would need to see the release touch or surpass the estimate low of 5.4%, which is likely to weigh on sterling and bring forward rate-cut expectations. We have seen the markets pricing in a higher-for-longer theme for the BoE’s Bank Rate, with around 83bps of easing priced in for the year-end as of writing. The first 25bp is not expected now until August’s policy-setting meeting. GBP/USD Reacted from Resistance The FP Markets Research Team released a week-ahead post for the GBP/USD which demonstrated a bearish vibe for the major currency pair. You will have also likely noted that one of the scenarios actually played out heading into the London open today: a short-term whipsaw north of H1 resistance from $1.2648-$1.2642 into a neighbouring H1 resistance from $1.2653. The move did indeed attract strong selling and provided ample opportunity to not only reduce risk to breakeven but also lock in gains. EUR/GBP Also Trading from Support As we can see from the daily chart of EUR/GBP, the cross is seen just off support on the daily timeframe at £0.8514. Couple this together with price action chalking up an AB=CD harmonic support at £0.8498, derived through the 100% projection ratio, and traders have a meaningful support area to work with.
Long
by FPMarkets