What’s Next for EUR/GBP? Wyckoff Clues You Can’t Ignore!!!
Aktualisiert
EUR/GBP Analysis Breakdown
1️⃣ Key Structure Zones
Premium Zone (Above Equilibrium):
Price is currently testing the premium zone as marked by the 0.5 Equilibrium Level.
Significant resistance zones: 0.84473 (Potential Wave 3 completion) and 0.84554 (1.618 Fibonacci projection).
The region also aligns with possible liquidity grab zones (Buy Side BSL) where stop-losses of short sellers may be triggered.
Discount Zone (Below Equilibrium):
The support lies around 0.82594 (Swing Low Zone - dealing range base).
If the price falls below equilibrium and liquidity shifts bearish, this would act as the major downside target.
2️⃣ Wyckoff & Internal Structure
Accumulation/Redistribution?
Current structure reflects Internal Change of Character (CHOCH) and Internal BOS (Break of Structure) as price attempts a higher move from the low near 0.82994.
Internal liquidity zones have formed, showing potential for bullish intent as price moves into resistance.
Distribution in Premium?
Possible Order Flow (H) at the higher levels indicates areas where orders may accumulate to reverse price or reject the uptrend.
3️⃣ Harmonic & Fib Levels
Potential Zigzag C-Wave Completion:
Price is approaching the 0.786 (0.84071) and 1.236 (0.84102) extensions, signaling a possible corrective wave (Wave C in the zigzag structure).
A deeper retracement could hit 1.618 (0.84554), but this would depend on whether internal liquidity holds.
Fibonacci Support Levels:
The 50% equilibrium level aligns with 0.83124, a critical decision zone for bulls.
4️⃣ Bullish & Bearish Scenarios
Bullish Scenario:
If price respects Internal CHOCH and the 0.5 equilibrium, we may see a continuation toward 0.84473-0.84554 (Wave 3).
Targets would align with Buy Side Liquidity and final resistance zones.
Bearish Scenario:
Failure to hold Equilibrium (0.83124) could lead to a breakdown below Internal BOS and Dealing Range Low (0.82594).
This would confirm redistribution, targeting the 0.82259 low.
5️⃣ Trade Plan Recommendations
Long Setup:
Entry: Wait for a retrace to 0.83100-0.83200 (discount area).
Stop Loss: Below 0.82994 (internal BOS level).
Target: 0.84000, then 0.84500.
Short Setup:
Entry: Look for signs of rejection near 0.84473 or 0.84554.
Stop Loss: Above 0.84554.
Target: 0.83000, then 0.82594.
1️⃣ Key Structure Zones
Premium Zone (Above Equilibrium):
Price is currently testing the premium zone as marked by the 0.5 Equilibrium Level.
Significant resistance zones: 0.84473 (Potential Wave 3 completion) and 0.84554 (1.618 Fibonacci projection).
The region also aligns with possible liquidity grab zones (Buy Side BSL) where stop-losses of short sellers may be triggered.
Discount Zone (Below Equilibrium):
The support lies around 0.82594 (Swing Low Zone - dealing range base).
If the price falls below equilibrium and liquidity shifts bearish, this would act as the major downside target.
2️⃣ Wyckoff & Internal Structure
Accumulation/Redistribution?
Current structure reflects Internal Change of Character (CHOCH) and Internal BOS (Break of Structure) as price attempts a higher move from the low near 0.82994.
Internal liquidity zones have formed, showing potential for bullish intent as price moves into resistance.
Distribution in Premium?
Possible Order Flow (H) at the higher levels indicates areas where orders may accumulate to reverse price or reject the uptrend.
3️⃣ Harmonic & Fib Levels
Potential Zigzag C-Wave Completion:
Price is approaching the 0.786 (0.84071) and 1.236 (0.84102) extensions, signaling a possible corrective wave (Wave C in the zigzag structure).
A deeper retracement could hit 1.618 (0.84554), but this would depend on whether internal liquidity holds.
Fibonacci Support Levels:
The 50% equilibrium level aligns with 0.83124, a critical decision zone for bulls.
4️⃣ Bullish & Bearish Scenarios
Bullish Scenario:
If price respects Internal CHOCH and the 0.5 equilibrium, we may see a continuation toward 0.84473-0.84554 (Wave 3).
Targets would align with Buy Side Liquidity and final resistance zones.
Bearish Scenario:
Failure to hold Equilibrium (0.83124) could lead to a breakdown below Internal BOS and Dealing Range Low (0.82594).
This would confirm redistribution, targeting the 0.82259 low.
5️⃣ Trade Plan Recommendations
Long Setup:
Entry: Wait for a retrace to 0.83100-0.83200 (discount area).
Stop Loss: Below 0.82994 (internal BOS level).
Target: 0.84000, then 0.84500.
Short Setup:
Entry: Look for signs of rejection near 0.84473 or 0.84554.
Stop Loss: Above 0.84554.
Target: 0.83000, then 0.82594.
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AU - Monthly CPI Indicator (OCT)
Outcome: Bearish for AUD.
Rationale: A drop to 2.1% YoY inflation signals reduced price pressures.
Best Crossover: AUD/USD, AUD/JPY – Look for AUD weakness.
US - Core PCE Price Index (OCT)
Outcome: Neutral for USD.
Rationale: Consensus alignment (0.3%) keeps inflation expectations steady.
Best Crossover: Neutral impact.
US - Durable Goods Orders (OCT)
Outcome: Mixed for USD.
Rationale: Ex-transportation data (0.5% → 0.6%) bullish, but headline number (-0.7%) bearish.
Best Crossover: USD/JPY – Watch for volatility.
US - GDP Growth Rate 2nd Est (Q3)
Outcome: Bullish for USD.
Rationale: 3% growth outpaces previous expectations, supporting economic strength.
Best Crossover: USD/CAD, EUR/USD – Dollar strength likely.
US - Personal Spending (OCT)
Outcome: Bullish for USD.
Rationale: Increased spending (0.5%) reflects consumer confidence.
Best Crossover: USD/CHF, XAU/USD.
US - Goods Trade Balance (OCT)
Outcome: Bearish for USD.
Rationale: A widening deficit (-108.23B vs. -99.9B) pressures the dollar.
Best Crossover: EUR/USD, USD/JPY.
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