Are we seeing signs of a trend reversal on EURGBP?
Updated
I believe it's possible for us to see a trend reversal soon, but I cannot yet tell, what I can tell is that we are likely to see a small bounce off of this level.
We have some strong support right below it, which I believe we will be hitting soon before bouncing from.
What we could see right after is big green candles with big volumes, which would be one of the many indicators that we will have to look for to confirm a trend reversal.
Leave any thoughts below on the comments.
cheers,
tonite
We have some strong support right below it, which I believe we will be hitting soon before bouncing from.
What we could see right after is big green candles with big volumes, which would be one of the many indicators that we will have to look for to confirm a trend reversal.
Leave any thoughts below on the comments.
cheers,
tonite
Note
We have broken support. I would advise not entering this position right now.
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