Euro / British PoundShort
EUR/GBP - reversal in the making?
The Daily chart looks like a reversal is setting up here. We have the momentum divergence and the wave exhaustion away from the Bollinger Bands. However, we don't have a nice price rejection yet and price came short of the price level at 0.804 - so it's a reversal in the middle of nowhere.
The 4H is not showing a reversal pattern either, but it could set up a Head and Shoulders pattern when we start making lower highs. It's a tempting setup and we'll check back on it after Monday's trading.
The 4H is not showing a reversal pattern either, but it could set up a Head and Shoulders pattern when we start making lower highs. It's a tempting setup and we'll check back on it after Monday's trading.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.