Currency Pair: EUR.GBP Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long
Live EUR.GBP updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
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Although price has broken the consolidation period i see no long opportunity at present, more information is required prior to a long opportunity.
Hi, why Long? I see on the day chart a descending triangle. It is almost on the top of the descending triangle and on the hourly I see 2 spinning tops which means trend is probably changing