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newbietrader_TZW

EURGBP reversal signal or correction ??

Long
Euro / British Pound (FX:EURGBP)  
newbietrader_TZW  
FX:EURGBP   Euro / British Pound
Chart Patterns Technical Indicators
0
0
chartpattern indicator
Daily
  • Reversal Pattern of Candlestick is formed (yellow box)
  • MACD histogram shows the exhaustion of bearish momentum
  • Stochastic indicators indicated the rebound at the bottom due to the golden cross under level 20
  • Fail to break the 0.786 level of Fibo retracement and rebound back at the current level.

H4
  • MACD histogram is formed above 0
  • MACD line and Signal line golden cross at the bottom

What to do now?
  • Long the market immediately or
  • Please do your own proper risk management
Good Luck to all traders!!!
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