EURGBP Breaks Free: The Big M Unraveling!
EURGBP
EURGBP Breaks Free: The Big M Unraveling!
1. Price Formation: The price has broken from a Big M price formation on a daily chart.
2. Price formation : The price as a confirmation has broken from a rising wedge to downside.
2. Moving Averages: The 7-day moving average (MA) is less the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price.
4. Thus, Mas 7<21<200
5. Relative Strength Index (RSI): The RSI is < than 50, indicating bearish momentum and potential further upward movement.
6. Price Target: 0.8200
EURGBP Breaks Free: The Big M Unraveling!
1. Price Formation: The price has broken from a Big M price formation on a daily chart.
2. Price formation : The price as a confirmation has broken from a rising wedge to downside.
2. Moving Averages: The 7-day moving average (MA) is less the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price.
4. Thus, Mas 7<21<200
5. Relative Strength Index (RSI): The RSI is < than 50, indicating bearish momentum and potential further upward movement.
6. Price Target: 0.8200
Trade fermée: ordre d’arrêt atteint
My bearish position on EURGBP was stopped out upon hitting my stop loss. However, I've observed a short-term bullish pattern forming. I will monitor this closely and take action if it aligns with my trading strategy.
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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.