Euro / British PoundShort
EURGBP | Bear Bias
Updated
The EURGBP is set to resume its macro short as a bearish Cypher harmonic pattern has been identified on the 4hr chart. This combined with the current daily bearish channel gives us good confirmation of our analysis
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Shorts are expected to resume once the upper channel resistance has been tested and rejected
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Price is expected to reach the lower support of the channel at 0.86700, while our invalidation zone is set at 0.89436
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Shorts are expected to resume once the upper channel resistance has been tested and rejected
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Price is expected to reach the lower support of the channel at 0.86700, while our invalidation zone is set at 0.89436
Trade active
Note
Seek to move any stops to break-even at 0.88688Note
Seek to move any stops to break-even if viableTrade closed: target reached
Closed with +54 pips
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