London Open bringing the PUMPS for EG??
Updated
EUR/GBP has been traveling down a Falling Resistance pretty tightly since Oct. 3rd and has met up with our Rising Support created by the lows on Aug. 23rd and Sept. 6th bringing us to a pinch of a Pennant right before London Session!
-Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!!
-Supplementing my Bullish bias is the appearance of what looks to be a STRONG Divergence with price on the RSI!
-Bullish Prediction
*Price must Break and Close above the Falling Resistance
-Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!!
-Supplementing my Bullish bias is the appearance of what looks to be a STRONG Divergence with price on the RSI!
-Bullish Prediction
*Price must Break and Close above the Falling Resistance
Note
All London Open did was give us a False Break!! Price is back in the Pennant Pattern
Novi_FIbonacci
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