🕵️♂️ Chart Overview – 30-Min Timeframe (OANDA)
This EURGBP chart illustrates a classic bullish continuation structure following a volume absorption phase and pennant formation, leading into a vertical price expansion toward a potential reversal zone. The technical flow demonstrates smart money accumulation and re-accumulation before a sharp bullish leg.
🔷 Phase 1: Bullish Accumulation via Pennant Formation
The chart begins with a tight consolidation structure marked as a pennant, typically a continuation pattern.
This area coincides with “Previous 2x Demand”, hinting at a strong institutional buying interest.
The Volume Absorption label suggests that sell-side liquidity was efficiently absorbed—often a precursor to bullish breakouts.
📈 Phase 2: Breakout & Price Expansion
Price breaks out of the pennant aggressively, validating the absorption theory.
The post-breakout rally continues with minimal retracement, showcasing impulsive bullish momentum.
The QFL (Quasimodo Failure Level) is also marked—this serves as a structural footprint left by trapped sellers.
🟩 Next Levels to Watch: Reversal or Re-Entry Zones
As the price approaches the green "Next Reversal Zone" (0.87650–0.87700), watch for potential exhaustion or a reaction.
The Central Zone of 2x Demand (just below 0.87500) could act as a re-entry level for continuation long setups.
Anticipated short-term correction before continuation, as depicted by the projected path.
🧠 Strategic Insight & Trade Planning
Aggressive Bulls: May target breakout pullbacks near the Central Zone of Demand for intraday continuation.
Conservative Traders: Should wait for a clean reaction from the green Reversal Zone. If rejection is confirmed, short opportunities with tight stops become favorable.
Watch the price behavior around 0.87300–0.87500—this will likely dictate whether continuation or correction prevails.
This EURGBP chart illustrates a classic bullish continuation structure following a volume absorption phase and pennant formation, leading into a vertical price expansion toward a potential reversal zone. The technical flow demonstrates smart money accumulation and re-accumulation before a sharp bullish leg.
🔷 Phase 1: Bullish Accumulation via Pennant Formation
The chart begins with a tight consolidation structure marked as a pennant, typically a continuation pattern.
This area coincides with “Previous 2x Demand”, hinting at a strong institutional buying interest.
The Volume Absorption label suggests that sell-side liquidity was efficiently absorbed—often a precursor to bullish breakouts.
📈 Phase 2: Breakout & Price Expansion
Price breaks out of the pennant aggressively, validating the absorption theory.
The post-breakout rally continues with minimal retracement, showcasing impulsive bullish momentum.
The QFL (Quasimodo Failure Level) is also marked—this serves as a structural footprint left by trapped sellers.
🟩 Next Levels to Watch: Reversal or Re-Entry Zones
As the price approaches the green "Next Reversal Zone" (0.87650–0.87700), watch for potential exhaustion or a reaction.
The Central Zone of 2x Demand (just below 0.87500) could act as a re-entry level for continuation long setups.
Anticipated short-term correction before continuation, as depicted by the projected path.
🧠 Strategic Insight & Trade Planning
Aggressive Bulls: May target breakout pullbacks near the Central Zone of Demand for intraday continuation.
Conservative Traders: Should wait for a clean reaction from the green Reversal Zone. If rejection is confirmed, short opportunities with tight stops become favorable.
Watch the price behavior around 0.87300–0.87500—this will likely dictate whether continuation or correction prevails.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
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Disclaimer
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For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.