EUR/GBP 4H Technical Analysis
EUR/GBP is reaching its descending channel so here are a few things to take into account:
For Longs:
-Price has rejected the big support zone below it;
-It's making its 3rd touch on top of a descending channel;
-If we can see a clear break of the channel and the 200MA on the 4H, we might wait for a re-test for a long position;
For Shorts:
-If price rejects the 200MA and fails to break the channel, wait for a reversal on a lower time frame before entering anu short positions;
Do always use stop-losses and remember this is not financial advice.
For Longs:
-Price has rejected the big support zone below it;
-It's making its 3rd touch on top of a descending channel;
-If we can see a clear break of the channel and the 200MA on the 4H, we might wait for a re-test for a long position;
For Shorts:
-If price rejects the 200MA and fails to break the channel, wait for a reversal on a lower time frame before entering anu short positions;
Do always use stop-losses and remember this is not financial advice.
Aviso legal
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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.