Hello guys,
It me Drew here with you guys.
As you might notice that there is a plunge in the price of EURGBP recently those weeks. When it confidentially confirm a penetration through its Minor Resistance Zone as marked in the chart, it might retest it before taking any deeper downward acts.
Furthermore, you guys could see that there would be Divergence as a contrary between lower price and higher in RSI also AO indicator. Therefore, I work out that this will be a lower bottom before increasing.
That is all for this analysis!
Thank you and happy trading guys.
It me Drew here with you guys.
As you might notice that there is a plunge in the price of EURGBP recently those weeks. When it confidentially confirm a penetration through its Minor Resistance Zone as marked in the chart, it might retest it before taking any deeper downward acts.
Furthermore, you guys could see that there would be Divergence as a contrary between lower price and higher in RSI also AO indicator. Therefore, I work out that this will be a lower bottom before increasing.
That is all for this analysis!
Thank you and happy trading guys.