FaithdrivenTrades

Tide Turning: The EUR/GBP Technical Reversal Play

Panjang
FX:EURGBP   Euro / Paun British
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πŸ”— Key Technical / Direction (Long)
Type: Short Term Swing
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
β˜‘οΈ Bullish Reversal
0.87250 Area
Reasons

⚑️- Bouncing off the Support Zone
⚑️- Oversold Territory on Stochastic Index
⚑️- Confluence with 200 Period MA
⚑️- Historical Price Rebound Level
⚑️- Potential Trend Reversal Signal

β˜‘οΈ Bearish Reversal
0.87500 Area
Reasons

⚑️- Prior Support, New Resistance
⚑️- Near Term Range High
⚑️- Stochastic Momentum Indicating Overextension
⚑️- Proximity to Structural Pivot Point
⚑️- Expected Technical Correction
Penafian

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