Nov 18 2015: BEARISH EURGBP Weekly
(Analysis Based on weekly chart)
Observations
1. Long term down channel
2. Short term up channel
3. Price close to channel low
4. Potential head and shoulder reversal
5. Potential RSI bullish hidden divergence
NOTE: Wait for price action to confirm the importance of these levels. Price action continues to be bearish as price moves towards the 0.692xx support zone.
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(Analysis Based on weekly chart)
Observations
1. Long term down channel
2. Short term up channel
3. Price close to channel low
4. Potential head and shoulder reversal
5. Potential RSI bullish hidden divergence
NOTE: Wait for price action to confirm the importance of these levels. Price action continues to be bearish as price moves towards the 0.692xx support zone.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
