Euro / British PoundShort
EURGBP 4h Bear Cypher Sell and Patterns
Updated
Reasons to sell:
Bear Cypher
Strong Resistance (Purple Line)
Trend (Recent) continuation downwards
Things to consider:
The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play.
Strong support (bottom purple line)
Let us see what happens! Good luck and good trading.
Bear Cypher
Strong Resistance (Purple Line)
Trend (Recent) continuation downwards
Things to consider:
The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play.
Strong support (bottom purple line)
Let us see what happens! Good luck and good trading.
Note
Bear Gartley (in yellow, bigger one, around double top) is in play. My trade has just opened.Note
Stopped Out 35 pips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.