Euro / British PoundShort
EURGBP analysis
Reasons for entry-
1.Pair made 4 touches on resistance trendline
2.Kept on making lower highs
3.Fib retracement shows bounce on trendline falls on 61.8%
4.There is a lot of previous resistance at this point
5.200 MA touching previous candle.
6.Low risk trade
1.Pair made 4 touches on resistance trendline
2.Kept on making lower highs
3.Fib retracement shows bounce on trendline falls on 61.8%
4.There is a lot of previous resistance at this point
5.200 MA touching previous candle.
6.Low risk trade
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.