Symbol: EUR/GBP
Prediction : Short
Daily : The price start to form a double top on a strong resistance area, with a bearish engulfing candle.
4H: The price breaks the trendline, and give a divergence on the MACD. Now it's on the 50 EMA, the price can reject this area and make a pullback.
1H: I want to have a pullback and a rejection of the 61.8% zone to form and H&S before taking this trade.
Prediction : Short
Daily : The price start to form a double top on a strong resistance area, with a bearish engulfing candle.
4H: The price breaks the trendline, and give a divergence on the MACD. Now it's on the 50 EMA, the price can reject this area and make a pullback.
1H: I want to have a pullback and a rejection of the 61.8% zone to form and H&S before taking this trade.