hey traders,
on EURGBP we have a perfect example of a descending triangle in a bearish trend.
it is a very classic reversal pattern indicating a weakening bearish momentum.
We trade it waiting for a bullish breakout of a horizontal structure resistance to long the market.
Stop 0.8815
T1 - 0.887
T2 - 0.889
Note
That was very painful guys :)I know that some of your very stopped out with the spread.
I am still in and hopefully it wont retrace again!)
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.