​EUR/GBP Ascending Trend Line Confluence

July 31, 2018 21:52

Source: Admiral Markets MT5 with MT5SE Add-on

EUR/GBP has formed ascending trend line confluence that is suggesting a further uptrend continuation. The POC zone 0.8900-10 is a possible bouncing spot where fresh buyers could turn the price up. Deeper retracement might target 0.8885-95 and that is also the zone where buyers might be waiting. The first target is 0.8930 followed by 0.8962 on a successful break of 0.8935.

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

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