EURGBP Weekly Forecast is Short 4HEURGBP Weekly Forecast is Short and Bearish
Weekly Forex Forecast for October 10 to 14 , multiple timeframe analysis. Knowing WHEN to trade is one of the most important components to forex trading, I will be breaking that down in this forex forecast on Homa Forex Channel.
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Technikal
GBPUSD DAILY: TARGET 1.2675 DONE, POTENTIAL 1.2511As expected, as Bear Flag is confirmed, GBPUSD hit target 1.2675.
As I said in previous idea
"Bear Flag pattern has been confirmed. GBPUSD broke 1.3000, moved below 1.2800-1798. While below 1.2798, still bearish and potentially target 1.2675."
Next potential target 1.2511 & 1.2480.
Support at 1.2250 & 1.2211.
Resistance at 1.2675 & 1.2800.
GBPUSD DAILY, STILL MORE DOWNSIDEBear Flag pattern has been confirmed. GBPUSD broke 1.3000,
moved below 1.2800-1798.
While below 1.2798, still bearish and potentially target 1.2675.
Anyhow, GBPUSD nearing bearish downtrend line, formed since July 2021 low.
So, any short term pullback can not be overruled.
Resistance at 1.2800 and 1.3000.
BNT per USDT mid term buy zone friends.
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Everything on the chart.
open pos: market and lower
target: 5.42 - 6.3 - 7.5
after first target reached move ur stop to breakeven
stop: ~4.3(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
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