Eurgbpsell
#EURGBP, Time to change direction!So far we have been long on this coin, it's time to change direction.
We are a few dozen pips from a powerful double top pattern in the daily graph that will surely lead some declines.
The Stochastic is also in Overbought with cross lines.
The pound against the dollar is on serious support which could accelerate increase very soon.
Target: 0.9050
When a bull flag breaks to the downside, you know what's coming.It's a short. EU rallied and failed badly at huge resistance. it's highlighted by the blue line at the top. it didn't even touch and failed just below it. I've managed to enter at 0.91652, but one can still enter short positions at 0.9130-0.9135 range. downside will be huge.
EURGBP approaching support, potential for a bounce!
EURGBP is expected to drop to 1st support at 0.89116 where it could potentially react off and up to 1st resistance at 0.89615.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.90249 where it is could reverse down to its support at 0.90016.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Tuesday market updateHi everyone!
It's Max here, as always going live Pre London with few charts and setups that I am currently monitoring and can be ready pretty soon.
If you like this kind of videos and took some value out of my content please don't hesitate to click like, follow and happy to answer your questions.
Please don't take this as financial or investment advice.
I am doing these videos for my own record and development as a trader.
Feel free to reach out to me. I am more than happy to help with your journey!
Happy trading!