EURGBP - To the next structure?
PAIR IN FOCUS: EURGBP
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has broken down of a strong structure level and currently hovering under it. Price is under the 50 EMA and the 8 & 14 EMA crossovers signal a short-term price downtrend. We could see GBP strength continue, which would drive this pair downwards towards the next structure level.
Price could retest the structure level once more, and possibly retest the 50 EMA as well. Look out for a reversal or bearish price action at the structure level before any entries.
Let's see how this works out!
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has broken down of a strong structure level and currently hovering under it. Price is under the 50 EMA and the 8 & 14 EMA crossovers signal a short-term price downtrend. We could see GBP strength continue, which would drive this pair downwards towards the next structure level.
Price could retest the structure level once more, and possibly retest the 50 EMA as well. Look out for a reversal or bearish price action at the structure level before any entries.
Let's see how this works out!
Nota
TP 1 nicely touched after a retest in the structure zone! At least a good 50 pips bagged, cheers!Dagangan ditutup: sasaran tercapai
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Penerbitan berkaitan
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.