EURGBP 4h Bear Cypher Sell and Patterns
Reasons to sell:
Bear Cypher
Strong Resistance (Purple Line)
Trend (Recent) continuation downwards
Things to consider:
The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play.
Strong support (bottom purple line)
Let us see what happens! Good luck and good trading.
Bear Cypher
Strong Resistance (Purple Line)
Trend (Recent) continuation downwards
Things to consider:
The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play.
Strong support (bottom purple line)
Let us see what happens! Good luck and good trading.
Komen:
Bear Gartley (in yellow, bigger one, around double top) is in play. My trade has just opened.
Komen:
Stopped Out 35 pips