Euro / British Pound
Short
Updated

EUR/GBP H4: Short pressure rising

769
EUR/GBP H4: Short pressure rising

> Bullish trend broken
> Re-Test successfull
> break of structure, change in sequence
> Need a break of the current inner upward trendchannel

Even after the interest rate increase by the ECB, the EUR seems vulnarable, especially because of the ongoing Russia/Ukraine conflict.

A break of the last higher low would increase the probability of a downside movement.

Meikel & your Team WSI
Trade closed: target reached
We reach our take profit and are closing the trade. Nice trade everyone!

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