vj20_fx

Possible Bearish Momentum Forming

Short
FX:EURGBP   Euro / Livre Sterling
5
Price has just made a LH from the Bearish trend where price bounced off the trendline to the pip. This pair has now formed a Doji following a very strong bullish movement which is showing indecision and the momentum weakening. A reversal here is high likely. The W1 TF formed a 'Hanging Man' Candlestick last week indicating bearish momentum could be following. Price is also sitting on a major H4 resistance line giving stronger confirmation of possible downwards movement.

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.