Technical Analysis : EURGBP Shorts into 0.85067
Based on the current market conditions, it is anticipated that the price will likely experience a decline from its present levels and potentially reach a value of 0.85385.
The 4H timeframe is currently in descending channel and we can see price recently came close to testing the order lock above. :
On the daily timeframe we are pushing though the volume threshold and recently broke structure to the downside
We are also in a surplus area of the hypertrend
Entry is based on the 1H timeframe
Indicators used created by @LuxAlgo
The 4H timeframe is currently in descending channel and we can see price recently came close to testing the order lock above. :
On the daily timeframe we are pushing though the volume threshold and recently broke structure to the downside
We are also in a surplus area of the hypertrend
Entry is based on the 1H timeframe
Indicators used created by @LuxAlgo
Trade closed: target reached
C Nicholas Downie