Euro / Paun BritishPanjang
EURGBP Testing Important Support Zone
A simple and short trade idea.
EURGBP is at a very critical support zone if you check on the daily chart. We seem to be exhausting here with no more new lower highs and lower lows being made. We are awaiting for first higher low.
If this higher low swing is made with a higher high break and close, we form a reversal pattern, a head and shoulders pattern.
So ideally want to see a pullback from here before breaking out. If we do just break out, then perhaps we can assess a retest of the breakout zone making a higher low swing.
EURGBP is at a very critical support zone if you check on the daily chart. We seem to be exhausting here with no more new lower highs and lower lows being made. We are awaiting for first higher low.
If this higher low swing is made with a higher high break and close, we form a reversal pattern, a head and shoulders pattern.
So ideally want to see a pullback from here before breaking out. If we do just break out, then perhaps we can assess a retest of the breakout zone making a higher low swing.
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.