The price is likely going to test 8/8 MM Level once again. If we see another pullback from this Level, wave (i) is going to be continued.
Tag - eur
The last "Double Top" pattern has been confirmed, so the price got support at 1.1103, which led to forming a "V-Bottom".
The price has reached the lower “Window”, so we’ve got a “High Wave”, but confirmation of this pattern is a quite weak.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling lines; the prices are on the strong support in the Cloud.
There's a consolidation, which is taking place on the four-hours chart. Also, we've got a bullish "Tweezers".
The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, we've got a "Double Top" pattern.
Recommendation: BUY 124,9 SL 1,2435 TP 127,9…
EUR/GBP reached buy target 0…
There's a correction, which is taking place on the four-hours chart. Also, we've got a developing a "Three Methods" pattern.
We've got a couple of pullbacks from 8/8 MM Level, so wave [y] of 2 may have been formed.
The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, there's a triangle.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.