One of the pairs i am looking to short next week. EURGBP Completed a short to medium term top in my view.
The price has hit long term resistance at 0.9225 and penetrated but failed to hold above to retreat and close the week below it.
On the four-hour, the selloff has broken below the rising trend line shown on chart and completed a head and shoulders top.
(This view is valid, unless some unexpected news come out during the weekend)
Trade with care
Technician
The price has hit long term resistance at 0.9225 and penetrated but failed to hold above to retreat and close the week below it.
On the four-hour, the selloff has broken below the rising trend line shown on chart and completed a head and shoulders top.
(This view is valid, unless some unexpected news come out during the weekend)
Trade with care
Technician