EURGBP Short - 11/4/2021
Hello traders !
Well,this pair is really strange these days - a lot of long moves and no calm price action.
I am not really confident with this pair this week so I will turn on lower timeframes.
But from higher view I see this - Bat harmonic pattern and not retested POC. I don‘t usually include harmonic patterns and volume profile in my analyses but this time I had to to show you better view of where the highest volume was so we can focus on this zone. This POC zone is also in The Golden Fibonacci zone. I am also long on GBPUSD (Link below) so I am short on EURGBP from fundamental side as well.
Well,this pair is really strange these days - a lot of long moves and no calm price action.
I am not really confident with this pair this week so I will turn on lower timeframes.
But from higher view I see this - Bat harmonic pattern and not retested POC. I don‘t usually include harmonic patterns and volume profile in my analyses but this time I had to to show you better view of where the highest volume was so we can focus on this zone. This POC zone is also in The Golden Fibonacci zone. I am also long on GBPUSD (Link below) so I am short on EURGBP from fundamental side as well.
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.