๐ "The Most Critical Support: EURGBP " ๐ก
Let's delve into analyzing this popular forex currency pair together. ๐๐
On the daily timeframe, we've reached a highly significant weekly support level. If breached, it could lead to a sharp new movement towards the 0.84060 range.๐ฐ๏ธโณ
Moreover, within this timeframe, there's a descending trendline. A break and confirmation below the 0.85698 trigger could prompt us to consider opening positions in lower timeframes.โฉ๐
Our primary focus is on breaking the 0.85 level and initiating short positions. However, should this level result in a false breakout, the 0.85698 trigger will gain more significance. ๐๐ฏ
Given that volume doesn't carry much weight in the forex market, ensure to enter based on a suitable candle showing buyer or seller strength. ๐ฏ๏ธ๐ช
Stay vigilant about any EUR-related controversies on the day of your position. ๐๐
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.๐ผ
On the daily timeframe, we've reached a highly significant weekly support level. If breached, it could lead to a sharp new movement towards the 0.84060 range.๐ฐ๏ธโณ
Moreover, within this timeframe, there's a descending trendline. A break and confirmation below the 0.85698 trigger could prompt us to consider opening positions in lower timeframes.โฉ๐
Our primary focus is on breaking the 0.85 level and initiating short positions. However, should this level result in a false breakout, the 0.85698 trigger will gain more significance. ๐๐ฏ
Given that volume doesn't carry much weight in the forex market, ensure to enter based on a suitable candle showing buyer or seller strength. ๐ฏ๏ธ๐ช
Stay vigilant about any EUR-related controversies on the day of your position. ๐๐
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.๐ผ
