EURGBP SHORT
EURGBP SHORT
Note Dominic Cummings got the boot over the weekend (Key adviser & Very Pro Brexit) - potentially signalling a more co-operative approach from UK on Brexit negotiations
However we have the following confluences for a move downward;
Momentum lagging
Price making lower highs into an area of Support
Price attempted to break back above the Support level - this was rejected
EMA Crossover - 50 EMA crossed below 100 EMA and is approaching a Death Cross (cross below 200)
As always - dont go for the Short blindly - wait for downward momentum in price action to show itself first
Note Dominic Cummings got the boot over the weekend (Key adviser & Very Pro Brexit) - potentially signalling a more co-operative approach from UK on Brexit negotiations
However we have the following confluences for a move downward;
Momentum lagging
Price making lower highs into an area of Support
Price attempted to break back above the Support level - this was rejected
EMA Crossover - 50 EMA crossed below 100 EMA and is approaching a Death Cross (cross below 200)
As always - dont go for the Short blindly - wait for downward momentum in price action to show itself first
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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.