On the daily chart, EUR/GBP has been stuck in the 0…
EUR/GBP: pound is chasing a bat
SELL 0.8775 SL 0.8830 TP1 0.8695 TP2 0.8635
BUY 0.8835 SL 0.8780 TP1 0.893 TP2 0.9015
On the daily chart of EUR/GBP, bears managed to seize the initiative and brought the pair to the lower border of the medium-term consolidation range (0.8695-0.9015). If the pair triggers the “Bat” pattern, the odds of it going to its 88.6% target at 0.8635 will increase.
On H1, if EUR/GBP retests the diagonal resistance in the form of the lower border of the uptrend channel and then return the initiative to bears, the odds of reaching 88.6% target of the “Bat” will increase.
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...