As per the 4H graph, you can see the following:
- There has been a breakthrough of the ascending trendline and an impulse to the downside.
- The pair should retest and reject the aforementioned ascending trendline and push to the downside.
- The target should be above the area of strong support indicated by the horizontal red line.
Please like, follow or comment if you enjoyed my analysis.
- There has been a breakthrough of the ascending trendline and an impulse to the downside.
- The pair should retest and reject the aforementioned ascending trendline and push to the downside.
- The target should be above the area of strong support indicated by the horizontal red line.
Please like, follow or comment if you enjoyed my analysis.
Note
My EURGBP correction was correct. Please like, comment or follow. Thanks
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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.