TheTradersAvenue

EURGBP > The Range Is Getting Tighter and Due for An Explosion!!

Long
TheTradersAvenue Updated   
OANDA:EURGBP   Euro / British Pound
If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.

Analysis of #EURGBP

Hello friends,

while the RSI keeps making higher highs and higher lows the price was not able to make any higher high whats so ever.

I am really following this setup closely and looking for a reason to jump back at this trade.

If you look at the daily chart and weakly you will see interesting stuff, in fact, the price has not closed below 0.8887 but today if we close below the last weak wick 0.8812 this setup is not valid anymore.

I will post the weakly chart below to check


be carefully trading and choosing what pair to trade is very important.

▶let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Comment:
Comment:
in the chart above you see how buyers are trying to defend structure, however, they are falling, but let's see if this will start shifting trend soon

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.