Get started
Euro / British Pound
Short

EURGBP FORECAST

By asanda_soso_cele
Updated
ON the EURGBP we a possible short reversal. On the H4 we see a double top forming on the 0.92609 resistance. Two options here we look for perfect entries by entering on a sell if we see a failed break to the upside(we are looking for a doji, or evening star close on the h4, say around 19:00Cat we look for short opportunities. For a safer trade and better confirmation we wait for a shooting star close/hammer to the upside on the weekly candle to the 0.92609 resistance then look for short opportunities in the upcoming week.
Note
We have the H4 doji close confirmation looking for a tight stop maybe around 0.92573
Trade active
Move stops to entry level and hold the trade.
Note
Came back for the stop loss at entry level. Triple top high confirmation with a hammer to the high close on thee hour now looking for an entry again and placing stop at the high of the day.
Trade closed: stop reached
Trade active
Chart PatternsTrend Analysis
asanda_soso_cele

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.