VasilyTrader

EURGBP: Very Bearish Forecast 🇪🇺🇬🇧

Short
OANDA:EURGBP   Euro / British Pound

Hey traders,

EURGBP is trading within a wide horizontal trading range on a daily.

The price has been trading on its resistance for more than a week.
Inside bar formation was formed.
Yesterday, its range was broken to the downside.

Now I expect a bearish continuation.

Goals:
0.8607
0.85

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Comments

Are you bearish on EURGBP?
+3 Reply
yeah I'm 🐻 on EURGBP
+1 Reply
@Deh-Deh, thank you for support my friend ☺️
Reply
Looking at the weekly chart, EURGBP might form a double bottom in the coming weeks before a strong bullish impulse, as happened in May 2019 & February 2020. Thanks Vasily :)
Reply
@lmulhare, you are welcome buddy :)
Reply
That last big bearish might be a false breakout, could still be running up
But idk, I'm still learning as well 😆
Reply
@davidyusaku false breakout on the trendline from those two supports
Reply
Same here, I’m thinking it’s false too due to the inverse head and shoulders on the daily but like you I’m still learning
Reply
VasilyTrader jsobers1331
@jsobers1331, thank you for comment my friend 🙏
+1 Reply
VasilyTrader davidyusaku
@davidyusaku, thank you for comment bro!
Reply
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