Shingi_Lesetedi

EURGBP Possible Second Drop

Short
FX:EURGBP   Euro / British Pound
Price is trading within a wide horizontal channel with strong reactions on either side. The current trend is down and we are in an accumulation/consolidation range which looking at the preceding trend might continue down. If we get good PA at the highs of the small range and the stoch peeking out into oversold area we could look for a low risk short opportunity .

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.