EURGBP Short Possibility ?
It seems that wave a has almost completed and we are approaching the start of wave b at the trendline, after a Bump and Run pattern has formed and cleanly broken structure.
SMA shows a clear bearish move in progress and should continue to the first approaching trendline.
RSI shows it is approaching the oversold position whilst Stochastic shows it has already reached oversold. MACD indicates the bearish move has almost completed before initiating a correction.
In my opinion, a good SHORT opportunity would be after the break of the approaching trendline where wave b correction should be performed.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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SMA shows a clear bearish move in progress and should continue to the first approaching trendline.
RSI shows it is approaching the oversold position whilst Stochastic shows it has already reached oversold. MACD indicates the bearish move has almost completed before initiating a correction.
In my opinion, a good SHORT opportunity would be after the break of the approaching trendline where wave b correction should be performed.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Disclaimer
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