Hello traders !
Well,this pair is really strange these days - a lot of long moves and no calm price action.
I am not really confident with this pair this week so I will turn on lower timeframes.
But from higher view I see this - Bat harmonic pattern and not retested POC. I don‘t usually include harmonic patterns and volume profile in my analyses but this time I had to to show you better view of where the highest volume was so we can focus on this zone. This POC zone is also in The Golden Fibonacci zone. I am also long on GBPUSD (Link below) so I am short on EURGBP from fundamental side as well.
Well,this pair is really strange these days - a lot of long moves and no calm price action.
I am not really confident with this pair this week so I will turn on lower timeframes.
But from higher view I see this - Bat harmonic pattern and not retested POC. I don‘t usually include harmonic patterns and volume profile in my analyses but this time I had to to show you better view of where the highest volume was so we can focus on this zone. This POC zone is also in The Golden Fibonacci zone. I am also long on GBPUSD (Link below) so I am short on EURGBP from fundamental side as well.