EURGBP Sunday Analysis - Support Resistance Trading

Name: EURGBP Sunday Analysis - Support Resistance Trading
Uploaded: 2024-02-04T12:16:53.831392
Channel: KaracTrade
Description: As EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target.

Short

Euro / British Pound (EIGHTCAP:EURGBP)

Updated

EIGHTCAP:EURGBP Euro / British Pound

Trend Analysis Chart Patterns Technical Indicators EURGBP

trendanalysis chartpattern indicator eurgbp

As EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target.

Trade closed: stop reached

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