Is now the time to short EURGBP .. the week of 06 July
I am not a frequent user of patterns, but this does look like a perfect bearish flag.
Unlike the previous down moves within this channel, this one looks more impulsive for the most part.
I think, this time price will break through and continue the prior bearish move.
For final target we should be looking at 0.83 area while at 0.86 a review and reconsideration would be appropriate.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notification of my posts and updates.
As always, please use sound money and risk management in all your trades.
Unlike the previous down moves within this channel, this one looks more impulsive for the most part.
I think, this time price will break through and continue the prior bearish move.
For final target we should be looking at 0.83 area while at 0.86 a review and reconsideration would be appropriate.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notification of my posts and updates.
As always, please use sound money and risk management in all your trades.