Here we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829!
Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern.
Along with the Bollinger Bands showing CLEAR signs of sideways trajectory!
Fundamentally for today:
EUR - Spanish Unemployment Change @ 3am and Unemployment Rate @ 5am
GBP - CIPS UK PMI @ 4:30am and MPC Members Pill & Haskei speak @ 7am & 11am
As far as directional bias, I will be neutral on this pair until we are given a proper break with added confluence of other factors pointing to solid momentum!
*Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern.
Along with the Bollinger Bands showing CLEAR signs of sideways trajectory!
Fundamentally for today:
EUR - Spanish Unemployment Change @ 3am and Unemployment Rate @ 5am
GBP - CIPS UK PMI @ 4:30am and MPC Members Pill & Haskei speak @ 7am & 11am
As far as directional bias, I will be neutral on this pair until we are given a proper break with added confluence of other factors pointing to solid momentum!
*Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
註釋
We got a great break to the Downside!!註釋
Price is starting to work its way back up!Watch for price to retest the break of the Rectangle Pattern (Consolidation Period)
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。