EURGBP failed to break the strong resistance level for the past two weeks. Last week we had indecisive price action with 4 doji’s forming. Even though these candlesticks show a lot of price action throughout the day, all managed to close below 0.89500 resistance level. I believe we have bearish momentum coming next week to at least 0.88600.
Heading back to basics, we have seen a ‘tweezer top’ candlestick pattern form after a bullish rally. This formed on the resistance line for more confluence telling us it failed to keep up the momentum.
Heading back to basics, we have seen a ‘tweezer top’ candlestick pattern form after a bullish rally. This formed on the resistance line for more confluence telling us it failed to keep up the momentum.