Euro / British PoundShort
EURGBP SHORT - my technical and fundamental analysis
Entry trigger point just below the closed red candle (around 0.73283) stop loss just above key weekly resistance at 0.73782.
1) Double Top forming
2) Bounce of weekly Resistance at 0.737
3) Bounce off Fibonacci Retracement 0.618
4) Bounce off 50 EMA
5) High test candle (almost tweezer top)
6) with the trend
7) EUR weak currency fundamentally
1) Double Top forming
2) Bounce of weekly Resistance at 0.737
3) Bounce off Fibonacci Retracement 0.618
4) Bounce off 50 EMA
5) High test candle (almost tweezer top)
6) with the trend
7) EUR weak currency fundamentally
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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.