Long EurGBP after pullback to end of 2nd wave.
We see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well. We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on...
Hello Traders, $EURGBP completed a bearish Wolfe Wave at 5'. I would look to enter the short on Monday and exit at the Geo Off-Set Rule.
Possible double top SL 0.80564 TP1 0.80277, TP2 0.80088
Has broken weekly resistance, then broke the previous support and is now major resistance again. Has failed to create a new higher high on the daily and has retraced back to support level, looking to be a great head and shoulders leading to a great short opportunity with a good R/R of 3:1. Also has broken the daily trend line and is retracing and trying to test...
Confluences: 1/ trend 2/ PA ( high test followed by inside bar ) 3/ Monthly & Weekly resistance of 0.7060 4/ 50% fib retracement additional info: * H&S - pattern on intradays * a lot of traders are already short since the 0.7135 resistance test