Youza

EURGBP Analysis: triangle pattern

FX:EURGBP   Euro / British Pound
A quick analysis of the 1HR chart, Waiting on the next few candlesticks for confirmation on the next move.

Both 1H and 4H showing divergence on STOCH RSI for the possible bearish move and break trend support, waiting for more confirmation on this. Price has tested 0.882 for a double top and possible triple top. Will be waiting for RSI to be oversold and coming down.

Will be waiting for more confirmation of long set up. Stuck in consolidation at time of idea, price may retest 0.882 level and close above.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.