EURGBP ANALYSIS
MRKET COMES FROM A UPTREND FOR SOME TIME NOW, SO VERY LIKELY FOR A CONTINUATION
THERE IS AN OPPORTUNITY FOR A CORRECTION WHERE WE WANT TO TAKE ADVANTAGE OF
-THE MARKET BROKE THE LOWER TREND LINE AND ON THE DAILY PRESENTED A VALID ENGULFING ENTRY
-ON THE 4H WE HAVE A CROSSOVER OF THE 50EMA UNDER THE 200EMA WHICH HELPS US DETERMINE WHERE THE TREND IS HEADING TO OR AT LEAST THERE IS A VALID CORRECTION HAPPENING
WE EXPECT:
A POSSIBLE RETRACEMENT ON THE DAILY LEVEL TO HIT OUR TARGETS AND WE WILL SEE IF THERE WILL BE A CONTINUATION TO THE DOWNSIDE
THERE IS AN OPPORTUNITY FOR A CORRECTION WHERE WE WANT TO TAKE ADVANTAGE OF
-THE MARKET BROKE THE LOWER TREND LINE AND ON THE DAILY PRESENTED A VALID ENGULFING ENTRY
-ON THE 4H WE HAVE A CROSSOVER OF THE 50EMA UNDER THE 200EMA WHICH HELPS US DETERMINE WHERE THE TREND IS HEADING TO OR AT LEAST THERE IS A VALID CORRECTION HAPPENING
WE EXPECT:
A POSSIBLE RETRACEMENT ON THE DAILY LEVEL TO HIT OUR TARGETS AND WE WILL SEE IF THERE WILL BE A CONTINUATION TO THE DOWNSIDE
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