EURGBP idea
Hello traders
Here we have EURGBP, what do you see?
What I see is a descending pattern, hopefully looking for a breakout this week. Will be watching the support and waiting for a break to the upside.
Monthly chart shows a wedge opening.
Weekly shows this area marked as a strong support zone but weaker as resistance
Daily shows a retrace to the 0.618 fibonacci and 3 retests to break to the upside.
Also shown are 4 possibly trades I would enter in if the pair allows it in my strategy
Hopefully for you this provides beneficial.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
Here we have EURGBP, what do you see?
What I see is a descending pattern, hopefully looking for a breakout this week. Will be watching the support and waiting for a break to the upside.
Monthly chart shows a wedge opening.
Weekly shows this area marked as a strong support zone but weaker as resistance
Daily shows a retrace to the 0.618 fibonacci and 3 retests to break to the upside.
Also shown are 4 possibly trades I would enter in if the pair allows it in my strategy
Hopefully for you this provides beneficial.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
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