Euro / British PoundShort
Short opportunity on EUR/GBP by ThinkingAntsOk
4H CHART EXPLANATION:
At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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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.