By breaking down the EUR/GBP charts I have come to a decision that it is looking very bearish for the week ahead.
-Pulled back into the downwards parallel trough, and currently retesting. (could possibly say shooting star candle stick?).
-It has also just completed a 61% fib retracement which could have set off the false breakout from the parallels.
-Pulled back into the downwards parallel trough, and currently retesting. (could possibly say shooting star candle stick?).
-It has also just completed a 61% fib retracement which could have set off the false breakout from the parallels.
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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.