In that simple EURGBP chart analysis, the price has fallen out of the wedge to the downside, showing that a bearish move is about to start, as the price has failed to make a new high, and it's currently respecting the resistance level in the h1 timeframe. Also, a bearish engulfing candle has formed below the resistance line, showing us the signal to short this market. Entry: market; stop loss: 0.8775: take profit1 0.8737; take profit2: 0.8723
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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.