As per the 4H graph, you can see the following:
- There has been a breakthrough of the ascending trendline and an impulse to the downside.
- The pair should retest and reject the aforementioned ascending trendline and push to the downside.
- The target should be above the area of strong support indicated by the horizontal red line.
Please like, follow or comment if you enjoyed my analysis.
- There has been a breakthrough of the ascending trendline and an impulse to the downside.
- The pair should retest and reject the aforementioned ascending trendline and push to the downside.
- The target should be above the area of strong support indicated by the horizontal red line.
Please like, follow or comment if you enjoyed my analysis.
Comment:
My EURGBP correction was correct. Please like, comment or follow. Thanks