LeeThompson97

GBP/EUR Descending Triangle & Regular Divergence

Short
FX_IDC:EURGBP   Euro / British Pound
Price is currently at the top of a descending triangle .. my bias is that price will break to the downside. Look for the close on the daily timeframe , if price does not break the top and instead shows a reversal candle use the counter trend line (4 hourly) to enter. On the 4 hour time frame there is also regular divergence visible, further suggesting a sell.

Comments

I think the stop should be above .8805
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out