๐ถ๐ทEUR/GBP No chance for growth.
๐ถ๐ทAs I have written many times before, my opinion remains unchanged, I still believe that we are in for declines on the EUR/GBP pair.
๐ถ๐ทLink to previous posts:
๐ถ๐ทI am again bringing you an Update to give you my perspective and current thoughts.
๐ถ๐ทThe chart has been updated with new support and resistance levels.
๐ถ๐ท Let's start with the resistance level we are at.
๐ถ๐ทIt was determined by a cluster of fibo levels. The first is the 0.618 level of the entire upward wave from bottom to top, the second is the 0.786 level of the entire recent upward correction. As you can see, the price has repeatedly found either resistance or support at these points.
๐ถ๐ท There are support zones ahead in the south direction.
๐ถ๐ทThe first one was determined by the 1.272 level of the entire upward correction and we can see that the price has paid attention to this price level in the past.
๐ถ๐ทThe second was determined from a cluster of levels. The first is the 0.786 level of the entire bottom-to-peak wave and the second is the outer level of 1.618 of the last upward correction.
๐ถ๐ทThe scenario I am playing out is a continuation of declines to support zones with the possibility of corrections along the way. If the perspective would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ถ๐ท*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
๐ถ๐ทAs I have written many times before, my opinion remains unchanged, I still believe that we are in for declines on the EUR/GBP pair.
๐ถ๐ทLink to previous posts:
๐ถ๐ทI am again bringing you an Update to give you my perspective and current thoughts.
๐ถ๐ทThe chart has been updated with new support and resistance levels.
๐ถ๐ท Let's start with the resistance level we are at.
๐ถ๐ทIt was determined by a cluster of fibo levels. The first is the 0.618 level of the entire upward wave from bottom to top, the second is the 0.786 level of the entire recent upward correction. As you can see, the price has repeatedly found either resistance or support at these points.
๐ถ๐ท There are support zones ahead in the south direction.
๐ถ๐ทThe first one was determined by the 1.272 level of the entire upward correction and we can see that the price has paid attention to this price level in the past.
๐ถ๐ทThe second was determined from a cluster of levels. The first is the 0.786 level of the entire bottom-to-peak wave and the second is the outer level of 1.618 of the last upward correction.
๐ถ๐ทThe scenario I am playing out is a continuation of declines to support zones with the possibility of corrections along the way. If the perspective would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ถ๐ท*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
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