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JayanVarsani

EUR/GBP - LOSING MOMENTUM | BEARISH RSI DIVERGENCE STILL INTACT

Long
Euro / British Pound (FX:EURGBP)  
JayanVarsani Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Technical Indicators Chart Patterns Forex fx Currencies GBPUSD EURUSD EURGBP USDJPY USDCAD USD
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trendanalysis indicator chartpattern forex fx currencies gbpusd eurusd eurgbp usdjpy usdcad usd
  • See linked below my previous EUR/GBP idea where I planned a bullish forecast
  • Although price has dropped noticeably lower, the RSI bearish divergence is still printing
  • tThis indicates that although we are dropping below a significant support level, the strength of the bearish price is getting lower and lower
  • As a result, I still believe we will retrace upwards and push back up above the support given we are also printing a descending wedge
  • Long position still open and expecting the retracement soon
Comment:
Previous EUR/GBP idea
EUR/GBP - CONFIRMED BULLISH RSI DIVERGENCE | DEMAND ZONE REACHED

Related Ideas

JayanVarsani
EUR/GBP - DESCENDING WEDGE + INVERSE H&S | STILL HOLDING SUPPORT
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