TradingView
VasilyTrader
Apr 9, 2024 2:11 PM

EURGBP: Multiple Time Frame Analysis & Bearish Outlook 🇪🇺🇬🇧 Short

EUR/GBPOANDA

Description



Take a look how EURGBP reacted to a daily falling trend line
on a 4H time frame.

The market started to consolidate within a narrow range
and was stuck within for 2 trading days.

Today we see a strong bearish movement with a confirmed violation
of the support of the range.

It indicates the strength of the sellers.
We can anticipate a bearish movement lower, at least to 0.8562

❤️Please, support my work with like, thank you!❤️
Comments
VasilyTrader
Are you bearish on EURGBP?
saif_wahab
@VasilyTrader, bullish on daily it has broken major resistance and came out out of long ranging market
VasilyTrader
@saif_wahab, thanks man
More