Phils_Ocean

EURGBP Multi-Timeframe Analysis

Largo
FX:EURGBP   Euro/Libra esterlina
  • Market made a classic fake breakout / fakeout to the downside and was bought quickly
  • 1h Pinbar was formed and RSI divergence occurred

    Previous analysis from 17/11/2019:

  • EURGBP made nice 5 wave move to the downside
  • currently sitting around horizontal support
  • price under falling TL and right at rising longterm TL
  • &Falling wedge formation
  • Looking for catching a bigger retracement to at least 38% Fib






Have a look at my ideas of GBPAUD and EURUSD to get another ideas of upcoming moves this week.

This is for educational purpose only. This is no investment advice. Trade with demo account first before risking your own money.

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