EURGBP Short

[JimmyRozza]

It's coming down to test that upper TL of the channel. Will wait for a reaction before going long. I get the feeling it will break down through it

 

[sebking1986]

Really classic structure break and move. You got in close to the bottom as well!

 

[TareqS]

The pair produced consecutive four bearish candles in the daily chart. Yesterday's candle came out as a bullish corrective candle. It means the sellers may wait for the chart to produce a bearish reversal candle to go short in the pair.

 

[sebking1986]

And then get swiped out as the four bearish candles did less than the large bullish one that actually broke structure.

 

[ForexTus]

And then get swiped out as the four bearish candles did less than the large bullish one that actually broke structure.

Structure is so key for me. I have to wait for a break of it or a sign its being respected

 

[bigbax699]

Hey everyone, markets are open again. I have a few trades open currently. Take a watch on my YouTube channel to see the setup's. Please subscribe if you haven't already would certainly appreciate it. Have a good week

 

[JimmyRozza]

I am seeing bullish divergence on the RSI and a break to the upside of the descending channel. Time for longs

 

[Glastonburyk]

Hey everyone, markets are open again. I have a few trades open currently. Take a watch on my YouTube channel to see the setup's. Please subscribe if you haven't already would certainly appreciate it. Have a good week

Love your analysis mate and all the effort you make

 

[FriendlyFX]

Yeah agreed 8 pairs is a lot of work and analysis shows your dedication

 

[TareqS]

The pair has been traded within a triangle. The price had its second rejection at the horizontal resistance. Thus, a bearish breakout at the up trending trendline's support may be considered as a neckline breakout of the Double Top.