EURGBP moved up quite rapidly but it is likely to take a breather.
There is a harmonic pattern with H4, H1, M30 and M15 being overbought on RSI.
Divergence is beginning to kick in as well. Will wait to see the reaction on Monday morning to place a trade.
There is a harmonic pattern with H4, H1, M30 and M15 being overbought on RSI.
Divergence is beginning to kick in as well. Will wait to see the reaction on Monday morning to place a trade.
Trade active
The trade is finally ready to be taken. There is M30 and M15 Divergence and also a nice H1 harmonic pattern.H1 and H4 RSI is finally moving out of the overbought range.
Target 1 is 0.8380
Note
There is strong support so taking half the position out. 27/04/22 DEAL EUR/GBP Mini converted at 1.7256483999999999 SD SD21.05
Funds: SD10,241.46
Trade closed: target reached
Another great trade and the target was reached as planned with about 8 pips short. 27/04/22 EUR/GBP Mini converted at 1.7254096 SD50.73
Funds: SD10,292.19
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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.