EUR/GBP Bearish
1 Month
Monthly key level has been tested a few times, showing a lot of rejection.
1 Week
bulling engulfing at the same Monthly support level.
1 Day
Lower highs have been formed and also rejection of the trend line.
4 Hour
More Lower highs are being formed across the trend line, proving that it is a strong trend like to break.
Last swing at successfully hit the 61.80% Fib line, with a shooting star indicating a reversal. Followed by a bearish engulfing.
Take profit has been set to the previous lower low, if i feel this line is going to break, i will extend stop loss to next support line.
Monthly key level has been tested a few times, showing a lot of rejection.
1 Week
bulling engulfing at the same Monthly support level.
1 Day
Lower highs have been formed and also rejection of the trend line.
4 Hour
More Lower highs are being formed across the trend line, proving that it is a strong trend like to break.
Last swing at successfully hit the 61.80% Fib line, with a shooting star indicating a reversal. Followed by a bearish engulfing.
Take profit has been set to the previous lower low, if i feel this line is going to break, i will extend stop loss to next support line.
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