EURGBP Emerging Price Pattern.
EURGBP price is consolidating in this tight and tightening parabolic support/resistance line formation. Price has been very consistent bouncing between the flanks of the sterling salmon.
This pattern, as you can imagine, is not a common pattern and it is not clear whether it will be yanked up with the fisherman or flounder down to Boris Bay. I suspect that it will push lower and ride the waves.
If you have any inputs or believe I'm missing something, drop me a line!
EURGBP price is consolidating in this tight and tightening parabolic support/resistance line formation. Price has been very consistent bouncing between the flanks of the sterling salmon.
This pattern, as you can imagine, is not a common pattern and it is not clear whether it will be yanked up with the fisherman or flounder down to Boris Bay. I suspect that it will push lower and ride the waves.
If you have any inputs or believe I'm missing something, drop me a line!