-MONTHLY RESISTANCE ACTING AS RESISTANCE
-FIRST DAILY BEARISH CLOSURE AFTER 15DAYS (3WEEKS)
-WEEKLY SPINNING TOP CLOSURE (SLOW DOWN OF MOMENTUM)
-FIBONACCI RETRACEMENT LEVELS TO BE MET
-TRENDLINE TOUCH, REJECTING A BREAK ABOVE
welcome to another free signal!
Instructions: Usually we wait for the Break through the Neck-Zone and sell with a Sell-Limit-Order.
In this case the technical situation is giving is more chances to sell, so we can either trade aggresivlyand sell the break through the trendline and add a position after the violation of the...
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to...
EURGBP broke out of its range, broke the Supply zone (green area).
There is a nice confluence of a S/R line (blue line) and the 61.80% Fib level.
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a...
EURGBP is approaching horizontal resistance at 0.8675-0.8700. Besides, the 100D EMA at 0.8678 can also prove to be a strong hurdle.
So, traders can look for SELL at 0.8670-0.8710 with SL above 0.8740.
TPs can be set at 0.8500.
We might be seeing a bounce from our first support to our first resistance as price is reaching our first support which coincides with a swing low support, 61.8% extension and 38.2% fibonacci retracement. Stochastic is approaching support as well.