EUR/GBP Multi-Timeframe analysis

Hi Traders

EUR/GBP Multi-Timeframe analysis

H1 CHART ( BEARISH )

A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario.

Support & Resistances
0.86402 0.86793
0.86182 0.86995
0.85809 0.87182

H4 CHART ( BEARISH )

Waiting for a retracement higher towards the 0.86793 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.86995 level.

Support & Resistances
0.86396 0.86793
0.86182 0.86995
0.85809 0.87375

DAILY CHART ( BEARISH )

Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.

Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841

WEEKLY CHART ( BEARISH )

A very low probability, entry signal to go SHORT was given at 0.88652 after the market completed a bull trap reversal pattern. Only the upward break of 0.92906 would cancel the bearish scenario.

Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977