EURGBP Breaks Free: The Big M Unraveling!
EURGBP
EURGBP Breaks Free: The Big M Unraveling!
1. Price Formation: The price has broken from a Big M price formation on a daily chart.
2. Price formation : The price as a confirmation has broken from a rising wedge to downside.
2. Moving Averages: The 7-day moving average (MA) is less the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price.
4. Thus, Mas 7<21<200
5. Relative Strength Index (RSI): The RSI is < than 50, indicating bearish momentum and potential further upward movement.
6. Price Target: 0.8200
EURGBP Breaks Free: The Big M Unraveling!
1. Price Formation: The price has broken from a Big M price formation on a daily chart.
2. Price formation : The price as a confirmation has broken from a rising wedge to downside.
2. Moving Averages: The 7-day moving average (MA) is less the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price.
4. Thus, Mas 7<21<200
5. Relative Strength Index (RSI): The RSI is < than 50, indicating bearish momentum and potential further upward movement.
6. Price Target: 0.8200
Dagangan ditutup: hentian tercapai
My bearish position on EURGBP was stopped out upon hitting my stop loss. However, I've observed a short-term bullish pattern forming. I will monitor this closely and take action if it aligns with my trading strategy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.