The
EURGBP
has broken out of a strong bearish trendline on the 31st of July and retested it on the 10th of September. Indication bearish movement to follow. The pair has been in a choppy bearish movement since. The double top with a higher low also gives further indication to a bearish movement. As the pair has reached a bit of consolidation at resistance level 0.91000 it is therefore expected to be exhausted an return into a bullish movement.
But as this has clearly given more indication of a strong bearish trend we will therefore rather see a larger bearish move in the future
Sell Limit
TP : 0,88830
SL : 0,91600
Price : 0,91080
Profit factor : 4,12
EURGBP
has broken out of a strong bearish trendline on the 31st of July and retested it on the 10th of September. Indication bearish movement to follow. The pair has been in a choppy bearish movement since. The double top with a higher low also gives further indication to a bearish movement. As the pair has reached a bit of consolidation at resistance level 0.91000 it is therefore expected to be exhausted an return into a bullish movement. But as this has clearly given more indication of a strong bearish trend we will therefore rather see a larger bearish move in the future
Sell Limit
TP : 0,88830
SL : 0,91600
Price : 0,91080
Profit factor : 4,12