EURGBP - 4H TF- Wedge Pattern
Trade Idea for EURGBP:
SHORT SIDE:
Price is currently squeezing into a wedge formation off the 4 hour time frame. Creating lower highs from the top and higher low from the bottom give me the wedge pattern. Price bounced of the 4h up trend line/Demand Zone. If price rejects previous BOS and give us the reversal bearish candle stick signal. The red arrows indicate areas where I will be looking for indication for price to go bearish.
LONG SIDE:
If price breaks out of the wedge bullish and can retest/reject the current major resistance, I will look for indications for price to go bullish.
Will be waiting for more volume into London & New York Sessions for potential entries.
SHORT SIDE:
Price is currently squeezing into a wedge formation off the 4 hour time frame. Creating lower highs from the top and higher low from the bottom give me the wedge pattern. Price bounced of the 4h up trend line/Demand Zone. If price rejects previous BOS and give us the reversal bearish candle stick signal. The red arrows indicate areas where I will be looking for indication for price to go bearish.
LONG SIDE:
If price breaks out of the wedge bullish and can retest/reject the current major resistance, I will look for indications for price to go bullish.
Will be waiting for more volume into London & New York Sessions for potential entries.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.