Euro / British PoundShort
EURGBP Waiting For EURO Correction
⭐️Key Takeaways⭐️
✔️ The Euro could very well be in for a correction
✔️ Daily candles making lower lows
✔️ Divergence with RSI
⭐️Technical Analysis⭐️
The bullish momentum for euro seems to be stalling out across the board. The daily timeframe shows some divergence which confirms the lack of the bullish momentum. At this point I'm a little hesitate to go long knowing that there's the possibility of a euro correction. In terms of risk to reward, I'm more in favor of waiting for the euro correction to stall out once it begins to then look for some long shots when the bullish continuation starts to rebound.
Regards,
Michael Harding
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
✔️ The Euro could very well be in for a correction
✔️ Daily candles making lower lows
✔️ Divergence with RSI
⭐️Technical Analysis⭐️
The bullish momentum for euro seems to be stalling out across the board. The daily timeframe shows some divergence which confirms the lack of the bullish momentum. At this point I'm a little hesitate to go long knowing that there's the possibility of a euro correction. In terms of risk to reward, I'm more in favor of waiting for the euro correction to stall out once it begins to then look for some long shots when the bullish continuation starts to rebound.
Regards,
Michael Harding
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Disclaimer
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