From last week's analysis, we saw that a bullish scallop was forming on the EURGBP 4H Chart.
This week, the price did follow this trend and it seems like it is still going to follow the bullish scallop before it hits the key resistance level and gets rejected.
Will probably go bullish on a smaller timeframe for this pair.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
This week, the price did follow this trend and it seems like it is still going to follow the bullish scallop before it hits the key resistance level and gets rejected.
Will probably go bullish on a smaller timeframe for this pair.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
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.
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.