Euro / British PoundShort
Lingrid | EURGBP bearish TREND. Short
The price perfectly fulfilled my last idea. It hit the target. EURGBP is currently trading within a descending channel, and after testing the support level and making an impulse leg down, the price has pulled back towards the resistance zone and trendline. I believe that given the bearish major trend on the daily timeframe, it's likely that the market will continue to move downward. The price is currently near the resistance zone and trendline, which suggests that it may struggle to break through these levels and maintain its downward momentum. My goal is to support at 0.84200
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
EURGBP is currently trading within a descending channel, and after testing the support level and making an impulse leg down, the price has pulled back towards the resistance zone and trendline. I believe that given the bearish major trend on the daily timeframe, it's likely that the market will continue to move downward. The price is currently near the resistance zone and trendline, which suggests that it may struggle to break through these levels and maintain its downward momentum. My goal is to support at 0.84200Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
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