London Open bringing the PUMPS for EG??
EUR/GBP has been traveling down a Falling Resistance pretty tightly since Oct. 3rd and has met up with our Rising Support created by the lows on Aug. 23rd and Sept. 6th bringing us to a pinch of a Pennant right before London Session!
-Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!!
-Supplementing my Bullish bias is the appearance of what looks to be a STRONG Divergence with price on the RSI!
-Bullish Prediction
*Price must Break and Close above the Falling Resistance
-Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!!
-Supplementing my Bullish bias is the appearance of what looks to be a STRONG Divergence with price on the RSI!
-Bullish Prediction
*Price must Break and Close above the Falling Resistance
Note
All London Open did was give us a False Break!! Price is back in the Pennant Pattern
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"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.