THIS PAIR FAILED TO BUILD A HIGHER HIGH. SO NOW, WE HAVE A LOWER HIGH AND A LOWER LOW.
THESE PAIRS AGAINST THE USD HAVE BEEN BOTH RALLYING UP. THE EURO MOMENTUM BECAME SLOWER THAN THE GBP.
SO CORRELATING THESE PAIRS WILL LEAD TO THE SAME ANALYSIS AS MY ANALYSIS ON THIS CHART.
I EXPECT THE EURGBP TO SLIGHTLY GO UP, THEN RALLIES DOWN TO PREVIOUS STRUCTURE RESISTANCE THAT WILL BECOME SUPPORT.
THESE PAIRS AGAINST THE USD HAVE BEEN BOTH RALLYING UP. THE EURO MOMENTUM BECAME SLOWER THAN THE GBP.
SO CORRELATING THESE PAIRS WILL LEAD TO THE SAME ANALYSIS AS MY ANALYSIS ON THIS CHART.
I EXPECT THE EURGBP TO SLIGHTLY GO UP, THEN RALLIES DOWN TO PREVIOUS STRUCTURE RESISTANCE THAT WILL BECOME SUPPORT.
Comment:
if you are in this trade with me, i suggested you take profits on half of your positions and move your stops to breakeven now
Trade closed: target reached:
Good Trade
