EURGBP today - Break Rectangular Consolidation
EURGBP is consolidating in a rectangular formation - .8545 - .8570.
Following a Drop, this consolidation is a continuation pattern, suggesting a further Drop.
Before that, look for the Smart Money to trap bulls with a false break to the upside. Most likely
in the London Session, as per yesterday and a move towards the Daily R1 Pivot.
The false break would be a good time to go short at a higher price and look to target the immediate demand zone at .8525
Following a Drop, this consolidation is a continuation pattern, suggesting a further Drop.
Before that, look for the Smart Money to trap bulls with a false break to the upside. Most likely
in the London Session, as per yesterday and a move towards the Daily R1 Pivot.
The false break would be a good time to go short at a higher price and look to target the immediate demand zone at .8525
Note
Close.... missed by 7 pips ....
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.