Break of Channel Could Lead to Retouch of Lows
Hello Traders!
We have a ascending channel on the EURGBP that looks like to be in the C-leg of ABCD pattern. Price has found resistance from the Daily Ema and previous structure. if price will stay underneath the EMA, we are going to be looking for an entry in to the market. Watch the 4H & the Daily charts for development, there are a lot of noise on the lower charts now, probably because the Pound is so volatile in these Brexit negotiations time.
Happy Trading!
We have a ascending channel on the EURGBP that looks like to be in the C-leg of ABCD pattern. Price has found resistance from the Daily Ema and previous structure. if price will stay underneath the EMA, we are going to be looking for an entry in to the market. Watch the 4H & the Daily charts for development, there are a lot of noise on the lower charts now, probably because the Pound is so volatile in these Brexit negotiations time.
Happy Trading!
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