Short opportunity on EUR/GBP by ThinkingAntsOk
4H CHART EXPLANATION:
At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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.