EURGBP OVERALL DIRECTION

2023年5月6日

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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EUR/GBP STILL BEARISH FROM A LONG TERM.

As we can see price is still trading inside this bearish channel making clean lower lows and lower highs

However, Price now is testing our lower bound of this channel acting as an over-sold zone, lining up with a strong support zone.

Then we are looking for new longs as a correction movement, and as the price will be approaching our upper falling channel,

We will be looking for new bearish impulse as a trend following setups.

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and as usual follow your trading plan and manage your risk.

Be patient and good luck!