eurgbp bearish movement daily
After a really nice N-wave price hits a D point (n calculation)
first 1 wave was 26-1 candles
second wave was 17+1 candles
Price was feeling support of the cloud and chikou was feeling support of the price. But price breaks upper cloud and now using it as a resistance and chikou breaks price and is using price as resistance. the price did move really strong away from the tenkan
I see that price wil keep moving down. But it wil not be a easy road. Price can use lower cloud as a support when you look at the flat line. Also when you look to the left you wil see a lot of support zone's.
But at the moment i see that the bears are strong enough to control the price
first 1 wave was 26-1 candles
second wave was 17+1 candles
Price was feeling support of the cloud and chikou was feeling support of the price. But price breaks upper cloud and now using it as a resistance and chikou breaks price and is using price as resistance. the price did move really strong away from the tenkan
I see that price wil keep moving down. But it wil not be a easy road. Price can use lower cloud as a support when you look at the flat line. Also when you look to the left you wil see a lot of support zone's.
But at the moment i see that the bears are strong enough to control the price
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