Love this 4-hour EURGBP chart.
We've seen price fall hard off the recent highs, and the bulls haven't seen much recovery, just pauses on the way down.
The structure to this trader is down + no where + down + no where and right now we're in a no where phase. Guess whats likely to be next?
We could short down to the 0.9040 level a a first target, possibly extend to 0.8930 or so for a second.
We've seen price fall hard off the recent highs, and the bulls haven't seen much recovery, just pauses on the way down.
The structure to this trader is down + no where + down + no where and right now we're in a no where phase. Guess whats likely to be next?
We could short down to the 0.9040 level a a first target, possibly extend to 0.8930 or so for a second.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.