currencynerd

PCP , potential continuation pattern

Long
FX:EURGBP   Euro / Livre Sterling
intraday outlook ;

price is trading in an ascending parallel pattern , having recently broken 4hr bearish trendline indicating that current market momentum is bullish .

The hourly chart is showing me a potential long setup , i am first looking for price to give me a touch/retest on the bottom trendline of the channel where potential catalyst for the upside move is liquidity pool ranging from @ 0.83394 (which is also the proximal price for hourly demand peak) to @ 0.83369 with possible targets at daily imbalance @ 0.83890.


“It takes more courage to reveal insecurities than to hide them, more strength to relate to people than to dominate them, more ‘manhood' to abide by thought-out principles rather than blind reflex. Toughness is in the soul and spirit, not in muscles and an immature mind.”
– Alex Karras

Idées en relation

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.