EurGbp: Immediately Bearish But Still Bullish Overall
Comments on the chart
Komentarz:
Price fell today but recovered towards the close. Idea is still in play for some downside followed by upside
Komentarz:
lots of hesitation candles at the top channel. Could still go either way but I am still looking lower
Komentarz:
Price closed lower on this weekly chart. Lots of upper wicks on candles at the resistance area
Komentarz:
This idea has half failed. I was looking for some downside at least towards to middle of the channel for a wave e. Price retraced a bit - a tiny bit - but has now broken out to the upside. So the downside expectation was wrong but the eventual breakout was right. Price should continue upwards. I lost money on the downside expectation part
Komentarz:
idea closed. I am not good at chasing price. Will put up another idea if I am doing anything in this pair