EURGBP SHORT SETUP

EURGBP DAILY

MARKET IS FLAT. PRICE HAS BEEN MOVING SIDEWAYS AND JUST BOUNCED OFF MS1 AS IT HAS BEEN TRADING BETWEEN 0.86 & 0.84. RESISTANCE IDENTIFIED AT MPP & SUPPORT AT MS1. 0.85000 PSYCH ALSO PLAYING RESISTANCE.

EURGBP H4

MARKET IS FLAT & 55 ABOVE THE 21. PRICE BOUNCED OFF 0.84000/WS2 AND PULLED BACK TO RESISTANCE. RESISTANCE IDENTIFIED AT WM2/50.0 FIB/0.85000 PSYCH. PRICE CURRENTLY AT THE 21 WHICH IS ACTING AS DYNAMIC RESISTANCE. IF THE 21 FAILS TO HOLD PRICE THAN I WILL LOOK TO SHORT AT 0.85000.

EURGBP H1

MARKET IS BEARISH. PRICE CURRENTLY AT DM3 RESISTANCE WHICH IS A BEARISH PIVOT. A BEAR WOULD LOOK TO SHORT AT DM3 IF PRICE FAILS TO REACH 0.85000 PSYCH. STOCHASTICS IS POINTING SOUTH. SUPPORT IDENTIFIED AT DS1 & DM1.

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