High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
We could see a downward movement towards point C at which point I will look to take a long position for teh C to d leg of the cypher. C will be in teh oversold area of the RSI and previous area of resitance and from here we saw the impulse leg up
Hello Traders! EURGBP - the downward trend will continue, as soon as EURUSD currency pair falls. The Daily delta&clusters negative (bearish). We expect the rapid fall at the end of this month. Best regards, Powerful Traders.
Hello Dear Traders! We have noticed, that in present times, a lot of arguments and views on the currency pairs EURUSD&GBPUSD, but no one takes into account, the Elliotte Waves markup of EURGBP in terms of additional option. Although it is also a powerful tool and indicator of moods in the intermarket calculation of 6E&6B. (John Murphy) We want to dispel all the...
* EURGBP R1 at monthly pivot point looking to hold and reverse. * Defined sell zone * Stochastic overbought and cross