Euro / British PoundShort
EURGBP SHORT
EURGBP SHORT
Note Dominic Cummings got the boot over the weekend (Key adviser & Very Pro Brexit) - potentially signalling a more co-operative approach from UK on Brexit negotiations
However we have the following confluences for a move downward;
Momentum lagging
Price making lower highs into an area of Support
Price attempted to break back above the Support level - this was rejected
EMA Crossover - 50 EMA crossed below 100 EMA and is approaching a Death Cross (cross below 200)
As always - dont go for the Short blindly - wait for downward momentum in price action to show itself first
Note Dominic Cummings got the boot over the weekend (Key adviser & Very Pro Brexit) - potentially signalling a more co-operative approach from UK on Brexit negotiations
However we have the following confluences for a move downward;
Momentum lagging
Price making lower highs into an area of Support
Price attempted to break back above the Support level - this was rejected
EMA Crossover - 50 EMA crossed below 100 EMA and is approaching a Death Cross (cross below 200)
As always - dont go for the Short blindly - wait for downward momentum in price action to show itself first
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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.