Shorodecki
Long

GBP/EUR - Strong Buy

FX_IDC:GBPEUR   British Pound / Euro
Cup Pattern Formation. A final move forming the handle, pushing to the downside for a short-term Selling opportunity for a Trend reversal to the upside at the 0.382 Fib Level.
Triggering a Long-Term Buying opportunity
- Entry @1.1079,
- Stop-Loss @1.1071
- Take-Profit @1.1139
Giving us a 7:5 risk to reward ratio.
- Confirmation.
RSI - Price Hovering Just over the Oversold Resistance Line
Volume - Selling Pressure is Easing off, Suggesting a Change in Market sentiment
Candlestick Formation - Pin Bar Showing Buying pressure is present within the short-term selling opportunity should you wish to trade against the trend

No High Volatile News Due for release within the next two days that will influence Price Action.

Comments

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 Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out