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Eurgbptrend

eurgbpthis analysis is showing both ways warnings! so with evolving and every new information and move that the market is making we can read the intentions but everything can change, so ill try to explain euro pound here. on daily tf is showing big divergence and is at the daily resistance and after the first motive 5 wave structure we can take all that (white correction) as a corrective running or expanding flat and naturally we r going down... well not so fast... here on the chart im seeing a three wave move down ( red counting ) which implies on correction and not on motive for change of direction. that strong move up may turn in to B structure of the correction, so as iv said, as shrodingers cat until we get more info we cant know whether trend is dead or not ;) p.s. divergence is not always showing change of direction, some times its only a correction before continuing. as shown with yellow lines!
by sharing_is_caring
EURGBP Break the Rising wedge pattern EURGBP has to Break the Rising wedge pattern Successfully we little bit late to take them but no problem still there Good Risk to Reward Ratio. In Major time frame, EURGBP is making Channel pattern which has properly test the resistance level looks like making a reversal and in the 4hrs time frame we have caught the Rising wedge pattern Break down. Just Follow the swing low point for Step by step targets Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Short
by Make_Money_Guru_Bitcoin
FREE ANALYSIS ON EURGBP - MASSIVE FALL COMINGFREE ANALYSIS ON #EURGBP Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :) - 15 Min Price just broke down my 100 WMA and 150 EMA. Price was rejected at the top trend line. MACD and Stoch RSI showing bearish divergence also. 1 HOUR Buys still in the Market so be careful MACD & STOCh Rsi both showing bearish divergence. Price above all 3 MA's. Best to wait for break in black trend line 4 HOUR We are in the sell region and price also forming a flag. Expecting drop soon. MACD again showing bearish divergence. OVERALL Bearish Outlook expecting the bearish momentum to continue - Thanks for reading See previous analysis Please share your thoughts and views on my analysis and don't forget to like it and share with others.
Short
by SiriusTrading
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