EURGBP Descending channel
The bear rally could take a pause with this descending channel reaching its support trendline.
It might present a false downward breakout but if it refuses to and actually breaks out completely, than this pair will seriously plunge, and I will follow it.
If the channel is valid, I will be initiating a long position to the red resistance, and the channels resistance trendline if the red resistance allows it.
Good luck and follow me for more!
It might present a false downward breakout but if it refuses to and actually breaks out completely, than this pair will seriously plunge, and I will follow it.
If the channel is valid, I will be initiating a long position to the red resistance, and the channels resistance trendline if the red resistance allows it.
Good luck and follow me for more!
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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.
Related publications
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.