EUR/GBP Weekly Analysis – Potential Reversal Zone Wyckoff Method
Currently, EUR/GBP is in a key reversal zone, analyzed using the Wyckoff method. The November 4 weekly candle is a high-volume candle that demonstrates effort without a clear result, aligning with Wyckoff’s principles of effort vs. result. This area has served as a support and resistance level multiple times, making it technically significant.
A re-entry of the price into the current range could indicate positivity and a potential bullish reversal. According to Wyckoff’s theory, monitoring the candle structure and trading volumes in this zone is critical to identifying an accumulation phase or breakout.
This is my personal analysis and opinion, not a recommendation to buy or sell.
A re-entry of the price into the current range could indicate positivity and a potential bullish reversal. According to Wyckoff’s theory, monitoring the candle structure and trading volumes in this zone is critical to identifying an accumulation phase or breakout.
This is my personal analysis and opinion, not a recommendation to buy or sell.
omossa
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