EURGBP: Upcoming Sell opportunity on a symmetrical pattern.

OANDA:EURGBP   Euro / British Pound
EURGBP is on a strong medium term rebound on 1D ( RSI = 58.292, Highs/Lows = 0.0073) after the rebound on the 0.87900 Support. Based however on the pressure points provided by the symmetrical pattern emerging (same rejection on the 1M Resistance as on August 2017, MA50 reversing, MA200 supporting), the price may be rejected once it makes contact with the 1D MA50 back towards the 0.87900 Support.

This can create a long term High Volatility Zone (green shape) that will keep the pair sideways until the next strong break out. For now, the most optimal medium term call on this pair is a sell.

** If you like our free content follow our profile ( to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
so, where is the entry point?
Thoughts on my analysis?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out