EUR/GBP 4H Technical Analysis
EUR/GBP is reaching its descending channel so here are a few things to take into account:
For Longs:
-Price has rejected the big support zone below it;
-It's making its 3rd touch on top of a descending channel;
-If we can see a clear break of the channel and the 200MA on the 4H, we might wait for a re-test for a long position;
For Shorts:
-If price rejects the 200MA and fails to break the channel, wait for a reversal on a lower time frame before entering anu short positions;
Do always use stop-losses and remember this is not financial advice.
For Longs:
-Price has rejected the big support zone below it;
-It's making its 3rd touch on top of a descending channel;
-If we can see a clear break of the channel and the 200MA on the 4H, we might wait for a re-test for a long position;
For Shorts:
-If price rejects the 200MA and fails to break the channel, wait for a reversal on a lower time frame before entering anu short positions;
Do always use stop-losses and remember this is not financial advice.
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.
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.