oops
Short

EURGBP short for correcion

FX:EURGBP   Euro Fx/British Pound
574 3 5
hiya,

I noticed this rising wedge, which could lead to a correction soon.

The doji candle yesterday was already not convincing itself and it didn't even make a new high in this recent bull run.
Today (at least for now) the market created a big red candle, engulfing the bullish one 2 days ago. not great for bulls either. It just doesn't look right. The lower rising line of this wedge could even be an upward sloping neckline of a potential H&S .

This whole pattern is accompanied by a massive negative divergence.

So the question for me is really: now short or waiting for a RSI trendline break ? I just went for a first trade here and looking for a 38%-50% retracement from the very recent up move.

Happy trading, happy hunting

KP
oops
3 years ago
I just deleted stupid spam ad here, that's unbelievable !
Reply
Zeheart
3 years ago
snapshot


Nice Chart Bro, looking at the 4H chart, I have entered short since past 2 days.. looking at the long fall, probably a pullback/retracement could take place prior to the next strong move down..

Cheers!!!
Reply
oops
3 years ago
took 50% off @ 0.8510
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out