Euro / British PoundShort
EUR/GBP: Sell Set-up
Possible bearish scenario for sell entry.
RSI divergence on the 4H TF.
Rising wedge pattern formed.
Price is rejected at the same area since mid October.
2 scenarios for entry.
1.) On the next bearish 4H candle.
2.) Break-out of wedge pattern.
Target last level of support.
Invalid trade if HigherHigh is formed.
RSI divergence on the 4H TF.
Rising wedge pattern formed.
Price is rejected at the same area since mid October.
2 scenarios for entry.
1.) On the next bearish 4H candle.
2.) Break-out of wedge pattern.
Target last level of support.
Invalid trade if HigherHigh is formed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.