EUR/GBP Bullish ZigZag Continues at the POC zone

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The EUR/GBP has formed a bullish zigzag that could spike the price to the upside, targeting 0.8835-50.

The POC zone is additionally supported by triple confluence. It consists of D L3 camarilla pivot, higher TF momentum and reversal outside-inside BB close. EMA is also supportive for the bulls. Emerging ZigZag pattern at the POC zone 0.8780-90 targets 0.8835 and if the price closes above 0.8835, then 0.8850 is the final daily target. Have in mind that the pip value of EUR/GBP is higher than other pairs. The ATR (14) is not that high but it is compensated by higher pip value.

The analysis has been done with the CAMMACD.MTF template.
Join Elite CurrenSea’s Forex and CFD seminar in Serbia on March 16th.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X