EUR/GBP: looking bearish next week
Updated
Prices are currently stuck between H4 KS and H4 TS.
As shown in the chart, I think we can see more downside pressure the week ahead as long as H4 KS is not broken. Prices are well down below KUMO and we are seeing a resistance on H1 at around 0.85350.
SL at around 0.85650
Entry below 0.85
TP 0.835 /38.20% fib retracement
Watch out carefully any macro event next week!
Trade with care guys
Best,
Jesse
As shown in the chart, I think we can see more downside pressure the week ahead as long as H4 KS is not broken. Prices are well down below KUMO and we are seeing a resistance on H1 at around 0.85350.
SL at around 0.85650
Entry below 0.85
TP 0.835 /38.20% fib retracement
Watch out carefully any macro event next week!
Trade with care guys
Best,
Jesse
Note
Anyone on the trade?
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