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Euro / British Pound
Short

EUR/GBP - ASCENDING WEDGE | EXPECTED PRESSURE AT NEXT RESISTANCE

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  • Ascending wedge on EUR/GBP chart with upside movement diminishing
  • Expected sell pressure at next resistance zone with the wedge being fulfilled and price correcting before pushing further
  • No buy positions for the move up to the resistance have been executed as risk/reward is too slim. I will await further development and price with respect to the ascending wedge as price could simply chop sideways
  • Forecast to execute short position at the next resistance level when sell signals present themselves
JayanVarsani
Also on:
Chart PatternsCurrenciesdollarDXYEURUSDForexfxGBPUSDTechnical IndicatorsTrend AnalysisUSDUSDJPY

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.
Chart PatternsCurrenciesdollarDXYEURUSDForexfxGBPUSDTechnical IndicatorsTrend AnalysisUSDUSDJPY
JayanVarsani
Also on:

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.