EURGBP Teeming Short for 400 PIP or More But...As we explore a nature of dynamic Fib channels with this pair. It's been interesting watching how it has adjusted its position based on price and time.
Have you wonder why it hasn't been motivated heading South for a while? It actually just daunting some moves but still on the proper level to stroll upward.
One of the findings is that, it has been actually ranging weak and has shown some hidden bullish divergence for this pair. Hence, the price has been strolling on higher peak level but this pair seems not done just yet as there's more in the upper room waiting for it to fill in as it reach its peak.
Another way to constitute some findings with this analysis is the dynamic Fib channels. As price travel through and remain on higher peak level, we could see a chance for it to visit a psychological price level of 0.93 and 0.94, respectively, right after it has range over 0.925-9. Moreover, although 0.95 on QP theory is just around the corner, a price level can only be confirm once it finally has fully shown its intent whether to wonder around higher 0.946-9 or not. It is also necessary to watch closely if the price remains on solid ground, in any case, this pair is no longer motivated to wonder around higher prices, then this pair will be a generous currency pair to short, after all.
Patience is a great reward itself. Trade safe! Cheers!
