Hello traders,
EURGBP should drop soon, maybe it's the time to breakdown, so watch the price action right on previous low (0.84700) for a possible break out of corrective structure.Divergence in place
Also breaking down the trendline will give us a big trade so we should hold our short and if we get lucky then we will have a big reward trade.
However, if it finally bounce I will wait to sell near tops.
Take care
EURGBP should drop soon, maybe it's the time to breakdown, so watch the price action right on previous low (0.84700) for a possible break out of corrective structure.Divergence in place
Also breaking down the trendline will give us a big trade so we should hold our short and if we get lucky then we will have a big reward trade.
However, if it finally bounce I will wait to sell near tops.
Take care
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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.
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.