Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.8794).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Take Profits:
TP1= @ 0.87460
TP2= @ 0.87200
TP3= @ 0.86830
TP4= @ 0.86360
TP5= @ 0.85840
SL: Break Above R2
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". There is still a possibility of temporary retracement to suggested resistance line (0.8794).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Take Profits:
TP1= @ 0.87460
TP2= @ 0.87200
TP3= @ 0.86830
TP4= @ 0.86360
TP5= @ 0.85840
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️