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LeeThompson97
May 23, 2017 4:31 PM

GBP/EUR Descending Triangle & Regular Divergence Short

EURO / BRITISH POUNDICE

Description

Price is currently at the top of a descending triangle.. my bias is that price will break to the downside. Look for the close on the daily timeframe, if price does not break the top and instead shows a reversal candle use the counter trend line (4 hourly) to enter. On the 4 hour time frame there is also regular divergence visible, further suggesting a sell.
Comments
shomonrobie
I think the stop should be above .8805
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