botje11

EURGBP Triangle Scalp, Inside of a Wedge

FX:EURGBP   Euro / British Pound
On the right looks like a legit triangle in the making. It has dropped a lot the past months and when looking on the left chart, we can see the drop is slowing down in the shape of a bullish wedge. Don't know if it will break out of it, because when zooming out, the picture is very bearish for on the long term. The yellow circle is the target of the triangle, which is also around the resistance of that wedge. Below that red resistance it can still fail.


Previous analysis:


Want to support me? My affiliates:

partner.bybit.com/b/botje12

onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus

www.kucoin.com/r/af/rMQN2A5
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.