eur-gbp-4-fxiTrend is still down in EUR/GBP currency pair, 4 hours time frame. Vital resistance could be seen at 0.7195 price level. Based on Elliott wave analysis we have got a double Zig Zag bearish pattern in EUR/GBP currency pair and now price is most likely going to print a bottom. A good idea is to wait for a bullish break out of the bearish trend channel. Current price action offers a possible buy trading chance to catch the bottom. However; if price just keep falling down then I would prefer to stay out of the market and re-analyze the price action of EUR/GBP currency pair.

FX Instructor Forex Blog – For Traders, By Traders

2 thoughts on “EUR/GBP looking for a bottom in 4 hours chart”

  1. cat says:

    thanks ,got a few pips going up

  2. Siraj Ali says:

    The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Seek education and gain experience before risking real money, but please always remember, your past performance does not guarantee future results.

    How to Make Money on Trading Forex

Leave a Reply