UnknownUnicorn4683675

UnknownUnicorn4683675 Updated 

Trendline @1.55253 zone has been broken .This might be a strong validation of a buy trade on this pair. Bulls are likely to push the price higher to 1.55XXX zone.

UnknownUnicorn4683675 Updated 

Price is currently in a downtrend and has reached an interesting zone of support as can be seen from the MN TF. A head & Shoulder pattern is quite clear on all TFs and there is a higher probability of price to continue further downwards. Short positions might only be valid after a break and retest of the bottom trend line on the H1 TF

UnknownUnicorn4683675 Updated 

After a long bearish trend we are beginning to see an inverse head & shoulder pattern which is quite visible on smaller timeframes from 4hrs going downwards. This might be an early signal of a beginning of an uptrend. This idea could be highly valid if we can consider the fact that price bounced off the 200EMA on the previous weekly close.

UnknownUnicorn4683675 Updated 

EURGBP price is still in a down trend with some retracements. There is high probability that price will retest the 0.90201 zone before it heads downwards . Lets keep watch and see how price will react once it reaches that zone.

UnknownUnicorn4683675 Updated 

EURGBP has reached a strong zone of support since Oct 1995.With the current strong bearish momentum it might break this area to tap into the 0.88xxx zone This will most likely be a false break-out .A pullback is most likely to occur perhaps to test the 38.2 Fib @ 89.491 and probably consolidate for some time before we get a clear structure that can enable us...