"Symmetrical Triangle Forming on EUR/GBP – Major Move Ahead?"

9월 12일

🔹Technical Analysis Of EURGBP

▪ Chart Pattern: Symmetrical Triangle Formation
The price action is currently trading within a symmetrical triangle pattern, indicating consolidation and a potential breakout setup. The pattern shows higher lows and lower highs, suggesting a squeeze in volatility.

▪ Key Support and Demand Zone

Support Level: Around 0.86400
Demand Zone: 0.85950 – 0.86100
These levels have held well in recent price action, evidenced by multiple rejections marked by green arrows. Bulls are defending this area, making it a critical zone for potential upward momentum.

▪Bullish Breakout Expectation
If the price holds the support level and breaks out of the triangle to the upside:
First Target (Supply Zone): 0.87000 – 0.87200
Final Target (Resistance Zone): 0.87550 – 0.87750
The chart suggests a possible breakout from the triangle with a retest, followed by a rally toward the supply and resistance zones.

▪Volume Observation
Volume shows a slight increase on bullish pushes, hinting at accumulation and potential breakout interest. A spike in volume would confirm the breakout validity.

▪Conclusion
The EUR/GBP pair is coiling for a breakout. A strong bullish move above the triangle could target the 0.87000 and eventually 0.87700 levels. Traders should watch for confirmation with volume and retest behavior around the breakout point.

Support Me For More Insightful Analysis.

9월 16일

액티브 트레이드

from support level

9월 16일

노트

9월 19일

노트

1st target achieved,

9월 25일

거래청산: 타겟 닿음

6일 전

노트