EURGBP Double Scenrio

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Hello traders

Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!!
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Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher!
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Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel
Overall chance of rise is a little more

Bullish scenario will be activated after breaking the purple line
Bearish scenario will be activated after breaking the zone


Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel


Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.





Ghi chú
Purple line is broken
Ghi chú
SL hit! The bearish scenario is going to work! wait for another analysis.
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