Price maxed out at weekly resistance / weekly trend line & failed to break though twice making a "Double top". My only focus for this pair would be short, it would take a lot of bullish movement to break higher so I will only look to trade this pair if GBP losses strength.
Note
Strong weekly downtrend that has been holding since august 2015 Note
4 hour trend reversed after breaking recent uptrend line, now a lower high was made, I'm expecting a lower low to now form
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.
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.