EURGBP HAS BEEN VERY BULLISH THE LAST FEW DAYS
It has traded nicely within this ascending channel, price stalled and is starting to go down at the recent upper bound the pair is looking like it is pulling back to the lower bounds of the channel.
The Price Acceleration/Deceleration Zone will be key in determining where this goes next. If price stalls here and we see a break of the counter-trend line we should see upside target zone achieved.
If the Price Acceleration/Deceleration Zone fails to hold we should see the pair returning to the lower bounds of the channel and downside target zone.
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
It has traded nicely within this ascending channel, price stalled and is starting to go down at the recent upper bound the pair is looking like it is pulling back to the lower bounds of the channel.
The Price Acceleration/Deceleration Zone will be key in determining where this goes next. If price stalls here and we see a break of the counter-trend line we should see upside target zone achieved.
If the Price Acceleration/Deceleration Zone fails to hold we should see the pair returning to the lower bounds of the channel and downside target zone.
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
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