EUR/GBP – Support Retest & Bearish Breakout Setup (4H Analysis)

25 Ogo

The EUR/GBP 4H chart is showing a critical structure level. Price has recently broken below the uptrend line and formed a Break of Structure (BOS), signaling potential bearish continuation.

Currently, the market is retesting the support level near 0.8650. If this support breaks, the next target zone is 0.8520, aligned with the weak low area highlighted on the chart.

Resistance Area: 0.8740 – 0.8760 (Strong High)

Support Level: 0.8650

Bearish Target: 0.8520

This setup will remain valid as long as the price trades below the strong high resistance area. A confirmed break of support would strengthen the bearish outlook.

Break & close below support = bearish continuation

Target 1: 0.8600

Target 2: 0.8520

This analysis is for educational purposes only. It is not financial advice. Always manage your risk properly and trade according to your own strategy

26 Ogo

Dagangan aktif

Trade has been active " Risk mange has properly

6 Sep

Dagangan ditutup: sasaran tercapai

trade has been successfully