Possible continuation of the downward momentum
A sustained break of price outside the box would signal a buy or sell trigger
Reaction to the touch of the trend line signals a potential rise in oil prices
Double top chart pattern spotted, break out of key level. The overall trend is bearish in nature and trend continuation seems to be taking place.
There has been a third touch on the H4 Trendliine. The bullish momentum has since then decreased, Bears would see this as a good short opportunity.
Bullish engulfing candles on H1 and H4 at important key level, Indicating sharp rejection of lower prices.
EURGPB currently rejected lower prices at 0.88810, as shown by H4 Timeframe candles, pin bar and bullish engulfing candle.
Price predicted to fall after hitting the resistance. A potential H & S forming also.
Trend reversal is currently happening, after a breakout from the consolidation, Confirmed with new higher highs and higher lows. Trailing stop loss advised just in case there's a reversal.
MORNING STAR CANDLE STICK FORMATION IS APPEARING WHICH SIGNALS A REVERSAL IN TREND. PRICE IS POSSIBLY GOING TO BE TRAPPED INSIDE THE TRIANGE, THE BULLISH MOMENTUM IS SUPPOSED TO REACH THE TACK PROFIT. GOODLUCK
THERE HAS BEEN A FOURTH TOUCH ON THE BEARISH TRENDLINE, WHICH INDICATES A FURTHER MOVE DOWNWARDS. I SUGGEST A TRAILING STOP LOSS JUST IN CASE THERE'S A REVERSAL. GOODLUCK.
DAY TRADE SIGNAL WITH CONFIRMATION ANOTHER TOUCH ON THE BEARISH TRENDLINE. IN MY OPINION THE EURUSD IS GOING SHORT AT THE MAIN TIME THE NEXT BEST ENTRY IS THE TRENDLINE TOUCH AS MANY RETAIL AND MARKET MAKERS CAN EASY OBSERVE THIS. IT IS ALSO FORMING A HEAD AND SHOULDER PATTERN. PRICE IS CURRENTLY AT THE SECOND SHOULDER AREA. DO WELL TO LIKE MY IDEA, HAVE A PIP...