GoNoGoCharts
Short

GoNoGo Charts paints "NoGo" on EURBGP 4hr chart

FX:EURGBP   Euro / British Pound
After a nice run that was highlighted by the blue “Go” bars, we see a change in trend on the 4hr chart.
A sideways consolidation broke our initial trend line and then the recent, shorter term support line was broken with an amber trend neutral bar.
The GoNoGo Trend is now painting pink bars, the first bars of a bearish trend .
This move came as price broke out of a volatility squeeze as you might expect. Look at the lower panel to see the climbing squeeze grid that reflected this stalling momentum.
The GoNoGo Oscillator is currently oversold, so we can expect a short rally back toward the trend line . However, the trend is now a “NoGo” in the short term.
Extended free trial available of GoNoGo Charts Pro!
See website or comment below.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out