EURGBP - Respecting the trendline
Updated
- The pound looks to be losing momentum after its strong rise across all pairs a week or two ago.
- Price has respected the trendline (White line) again and has now formed a bullish pin bar (Green arrow)
- We are looking for the price to visit the highs of the range again where we will take profit.
- Price has respected the trendline (White line) again and has now formed a bullish pin bar (Green arrow)
- We are looking for the price to visit the highs of the range again where we will take profit.
Comment
- Stopped out by a pip or two......
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.