EURGBP DAILY AND WEEKLY
From the chart we can see that falling wedge had been completed and the upper trendline (resistance had been broken)
In result forming double bullish engulfing on daily candlestick.
The double bullish engulfing formed daily support zone (0.83304-0.82984)
Please refer Daily timeframe.
The Stochastic Indicator on daily chart showed the buy momentum on daily still on going while weekly still unconfirmed.
Possible buy from Zone 1 and 2 up to Sell Zone Weekly.
This Sell Zone Weekly still need to be monitored.
The dashed line is the expected new support from Sell Zone Weekly zoning from 0.86325-0.85729.
Suggestion wait until price hit either Zone 1 or 2 and use candlestick pattern to find a good buy entry.
Proceed with caution.
In result forming double bullish engulfing on daily candlestick.
The double bullish engulfing formed daily support zone (0.83304-0.82984)
Please refer Daily timeframe.
The Stochastic Indicator on daily chart showed the buy momentum on daily still on going while weekly still unconfirmed.
Possible buy from Zone 1 and 2 up to Sell Zone Weekly.
This Sell Zone Weekly still need to be monitored.
The dashed line is the expected new support from Sell Zone Weekly zoning from 0.86325-0.85729.
Suggestion wait until price hit either Zone 1 or 2 and use candlestick pattern to find a good buy entry.
Proceed with caution.
Penafian
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