TradingView
thekeybearer
Apr 8, 2020 5:46 PM

EURGBP - Trend Line Break Short

Euro Fx/British PoundFXCM

Description

Hi everyone, I am an amateur trader who has been following signals for a while. I have done some forex courses online in my free time to learn the basics and now try and do my own analysis and set my own trades. I have been following some people on here and there has been a great knowledge base. Hopefully will continue with some courses soon.

If anyone has any tips or comments, I would greatly appreciate them, so feel free to add them in the comments, after all knowledge comes with experience. Happy trading, hope everyone is well during these times.

EURGBP - Previously I was thinking this would break current resistance and go long to around 0.5 fib support at the 0.9000 level. However now considering a retest of the trendline and a potential sell?
Comments
arshyatm
The RSI is low brother (means this is END of the bearish trend) and there is a double bottom pattern.
thekeybearer
@arshyatm, Thanks for the comment bro, I have re evaluated and took a Long position now, will holdout this time round.
ReeceFx1
4hr chart I see a double bottom plus a demand zone
thekeybearer
@reecemeek1, Thanks for the input mate, didn't take into consideration the demand zone
More