EURGBP - To the next structure?
PAIR IN FOCUS: EURGBP
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has broken down of a strong structure level and currently hovering under it. Price is under the 50 EMA and the 8 & 14 EMA crossovers signal a short-term price downtrend. We could see GBP strength continue, which would drive this pair downwards towards the next structure level.
Price could retest the structure level once more, and possibly retest the 50 EMA as well. Look out for a reversal or bearish price action at the structure level before any entries.
Let's see how this works out!
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has broken down of a strong structure level and currently hovering under it. Price is under the 50 EMA and the 8 & 14 EMA crossovers signal a short-term price downtrend. We could see GBP strength continue, which would drive this pair downwards towards the next structure level.
Price could retest the structure level once more, and possibly retest the 50 EMA as well. Look out for a reversal or bearish price action at the structure level before any entries.
Let's see how this works out!
Note
TP 1 nicely touched after a retest in the structure zone! At least a good 50 pips bagged, cheers!Trade fermée: cible de profit atteinte
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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.
Publications connexes
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.