Get started
JD_TeenTrader

Why EURO will weaken early next week

Short
Euro / British Pound (FX:EURGBP)  
JD_TeenTrader  
FX:EURGBP   Euro / British Pound
Harmonic Patterns Chart Patterns Technical Indicators EURGBP selleuro harmonicsignals rsi_divergence
4
2
harmonicpatterns chartpattern indicator eurgbp selleuro harmonicsignals rsi_divergence
This pair is in an uptrend, so this trade is a counter trend. However there are some good reasons to take it.

1) There is a nice harmonic pattern in place.

2) All RSI are overbought

3) There is a nice divergence

4) The high of last week is also present.

We are already short on EURAUD. Similar setup for EURNZD.

Good luck!
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.