EUR/GBP 1D Chart Analysis
As you guys can see, we are now trying to break this descending channel on the daily chart, after the rejection of the support zone between 0.828-0.828.
Because this is volatile market and we can't predict the future, there are 2 possible scenarios:
For LONGS:
-We are bouncing on the 50 MA;
-Wait for a confirmation of the break out, a good 1D candle close above the channel would be great;
-Wait for a break of the resistance zone between 0.858-0.860 and catch the retest on lower time frames;
For SHORTS:
-Wait for a good rejection of that resistance zone and the reentrance on the descending channel;
Be patient, wait for the market to tell you which way to go, do always use stop-losses and remember this is not financial advice.
Because this is volatile market and we can't predict the future, there are 2 possible scenarios:
For LONGS:
-We are bouncing on the 50 MA;
-Wait for a confirmation of the break out, a good 1D candle close above the channel would be great;
-Wait for a break of the resistance zone between 0.858-0.860 and catch the retest on lower time frames;
For SHORTS:
-Wait for a good rejection of that resistance zone and the reentrance on the descending channel;
Be patient, wait for the market to tell you which way to go, do always use stop-losses and remember this is not financial advice.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.