EURGBP-Update: Continued Bear Momentum, Hold #Forex
Traders,
UPDATE: Had some fantastic downside since I last posted this pair (see related ideas). Expecting downside to continue into next weeks trading.
Previous analysis: Compelling evening star signal right at the sideways support level, at a lower low. There is clear selling pressure here at the fibonacci extension expiry zone and is clearly indicating this is a hidden level of resistance. More downside to be seen or a retest of sideways support turned resistance then a breakdown.
I hope you have a tested trading strategy to trade this move when it starts
Thank you for your support
UPDATE: Had some fantastic downside since I last posted this pair (see related ideas). Expecting downside to continue into next weeks trading.
Previous analysis: Compelling evening star signal right at the sideways support level, at a lower low. There is clear selling pressure here at the fibonacci extension expiry zone and is clearly indicating this is a hidden level of resistance. More downside to be seen or a retest of sideways support turned resistance then a breakdown.
I hope you have a tested trading strategy to trade this move when it starts
Thank you for your support
