Looking at the 
EURGBP all signs are pointing for a potential breakout to the bearish side. Between a series of lower highs & 2 very positive bearish rejection candles (even though they are green), I am seeing more selling pressure in this pair in comparison to the buying pressure.
The 2 ways to handle this situation would be to 1) Position yourself ahead of the breakout & 2) Wait for the confirmed breakout & look to get involved after a period of relief (pullback)
Targets are set at a higher timeframe level of structure (looking left) along with the confluence of an AB=CD pattern & a 161.8 Fibonacci extension level.
Akil
EURGBP all signs are pointing for a potential breakout to the bearish side. Between a series of lower highs & 2 very positive bearish rejection candles (even though they are green), I am seeing more selling pressure in this pair in comparison to the buying pressure. The 2 ways to handle this situation would be to 1) Position yourself ahead of the breakout & 2) Wait for the confirmed breakout & look to get involved after a period of relief (pullback)
Targets are set at a higher timeframe level of structure (looking left) along with the confluence of an AB=CD pattern & a 161.8 Fibonacci extension level.
Akil
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The Trading Coach Podcast
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Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.