EURGBP - Trend Continuation
Price had bounced from the Daily trend line & Daily 50ema and we saw a retrace back up to the neckline (previous support now resistance) where price has been consolidating for the past 24 hours.
We did see a push higher above the neckline followed by a sharp decline to the downside with a long wick rejection indicating selling pressure defending the upside.
Another opportunity has presented itself upon a rejection of the neckline following from a bearish engulfing.
Downside targets are H&S pattern duplication.
Instagram: thetraveltrader (instagram.com/thetraveltrader)
Twitter: Fx_ollie (twitter.com/fx_ollie)
We did see a push higher above the neckline followed by a sharp decline to the downside with a long wick rejection indicating selling pressure defending the upside.
Another opportunity has presented itself upon a rejection of the neckline following from a bearish engulfing.
Downside targets are H&S pattern duplication.
Instagram: thetraveltrader (instagram.com/thetraveltrader)
Twitter: Fx_ollie (twitter.com/fx_ollie)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.