Euro / British Pound
Short
Updated

DeGRAM | EURGBP pullback from the retracement level

416
EURGBP is in an ascending channel between the trend lines.

The price is moving from the dynamic resistance, which has already acted as a pullback point, and 88.6% retracement level.

The chart formed a harmonic pattern after reaching the upper trend line.

Indicators continue to form a bearish divergence on the 4H Timeframe.

We expect a pullback.

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Trade closed: target reached
Closed +42 PIPS

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