The EUR/GBP pair is forming a Cup & Handle pattern, signaling a potential bearish breakout. The market is testing the support line, and a strong bearish candle will confirm the move downward. Stay patient and wait for confirmation! ๐ฅ
๐Technical Analysis
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โ Cup & Handle Pattern โ A bearish continuation setup
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๐ Support Line Test โ Price approaching a key breakdown level
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๐ป Breakout Confirmation โ Wait for a strong bearish candle to enter
๐ฏ Technical Target Levels:
๐ 0.822 โ First target for short-term profits
๐ 0.800 โ Extended target for deeper downside
๐ข Trading Strategy:
๐น Wait for a confirmed break below the support line
๐น Ensure strong bearish momentum before entering ๐ฅ
๐น Follow the downtrend for maximum profits
๐น Set stop-loss above the handle formation for risk management
๐ A major move is comingโstay patient, follow the trend, and capitalize!
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