EURGBP let's see how the day closes first
It had a really extensive move to the upside already and Euro seems to be getting weaker by the day against most pairs. But the pound is yet to show its claws imo! I think that IF it closes at or bellow 0.893, there's a good chance for a greater correction in the coming days. The strongest support for me it'll be the 0.867 zone but at 0.884 it should have a small bounce for a possible sell opportunity. Anyway, keep your eyes on the pound as we can have a great opportunity soon.
It's also very important to notice that although the daily RSI is not really bearish divergent, there's a great resistance at 75, so i don't see it going higher without a decent pb. Daily MACD already crossed down. But again, even for indicators it's important to make sure that it won't recover till the end of the day, otherwise there's no value to this analysis.
It's also very important to notice that although the daily RSI is not really bearish divergent, there's a great resistance at 75, so i don't see it going higher without a decent pb. Daily MACD already crossed down. But again, even for indicators it's important to make sure that it won't recover till the end of the day, otherwise there's no value to this analysis.
Trade closed: stop reached:
Closed the position at BE point. BUT i still think that it's going lower, i'm just trying to play it safe here since this pair has been very bullish the last month and a half.
It's forming a wedge on the 1hr chart, which should give another chance to get in this trade at a higher price.
It's forming a wedge on the 1hr chart, which should give another chance to get in this trade at a higher price.