EURGBP Multi-timeframe analysis
Guide:
Purple = monthly trends
Yellow = weekly trends and SR
Blue = Daily trends and SR
Green = 4-hour trends and SR
- the trend is apparently bearish. it is below Ichimuko clouds, Lagging line is far from candles, which can prove the strength of the bearish trend.
- the last candle was able to break through a very strong "monthly" trend line.
- this bearish scenario will be triggered if the candles continue going downward, then when it pulls back tho the monthly trend line (purple line) we can open a "short" position.
Purple = monthly trends
Yellow = weekly trends and SR
Blue = Daily trends and SR
Green = 4-hour trends and SR
- the trend is apparently bearish. it is below Ichimuko clouds, Lagging line is far from candles, which can prove the strength of the bearish trend.
- the last candle was able to break through a very strong "monthly" trend line.
- this bearish scenario will be triggered if the candles continue going downward, then when it pulls back tho the monthly trend line (purple line) we can open a "short" position.
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