Charts247TradingAcademy

EURGBP Downside Potential

Short
OANDA:EURGBP   Euro / British Pound
The Daily Chart: the last action is a LL, the price has retraced into the SELL-ZONE with strong momentum.
4HR has printed a Strong Top weak bottom candle which is a very strong bearish signal.
5Mins Setup a potential structural Failure (Trend Changing Pattern) below 0.8567.
Stop Loss is the High of Today 0.8582
Target 0.8505
Trade active

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.