EURGBP Bearish swing
On weekly (1W) and daily (1D) structure is aligned, with a bearish trend. We observe several structure breaks at 4h and 2h time frame, it also shows weakness in creating a possible bullish structure change. Throughout the range, the price has formed accumulation zones (Liquidity) and followed by a breakout of the liquidity zone (SPRING).
Continuing in favor of the fundamentals we can have a correlation with our confluences. We mark our Point of Interest (POI) at 0.84305, which is an OB in the 4h timeframe, and we see a liquidity zone below, which the price will break. In relation to the trend we will break the point 0.84240, which would be our 1st TP. The next TP would be 800 Pips, since the next Point of Interest (POI) is on a weekly reversal bar at 0.77000.
Continuing in favor of the fundamentals we can have a correlation with our confluences. We mark our Point of Interest (POI) at 0.84305, which is an OB in the 4h timeframe, and we see a liquidity zone below, which the price will break. In relation to the trend we will break the point 0.84240, which would be our 1st TP. The next TP would be 800 Pips, since the next Point of Interest (POI) is on a weekly reversal bar at 0.77000.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.