Euro / British PoundShort
EURGBP in a nice corrective structure
I was waiting for long setup but this daily consolidation starts to look very weird. It is rounding out, losing momentum, we had a few lower highs and lows on the H1 - all these are signs for me to not enter the trade.
Price action gets even interesting for a short trade as the first impulse was down. I will wait for a small consolidation under the rising trendline for the short setup to be valid.
Price action gets even interesting for a short trade as the first impulse was down. I will wait for a small consolidation under the rising trendline for the short setup to be valid.
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.