EURGBP - Short - Multi timeframe Analysis
Daily move to support area is my aim to catch. Daily closed with a bearish engulfing and since then there are sellers entering the market.
4H - Head and Shoulder - Market is at a support zone which is why I am keeping an eye on this timeframe which could go against our Trade but...
But looking at 1H we can see that market is on a bearish run and rejected the Resistance level, if it breaks the current support zone then we could look at a bearish move, otherwise closing the trade and wait for re-entry is what I would consider.
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4H - Head and Shoulder - Market is at a support zone which is why I am keeping an eye on this timeframe which could go against our Trade but...
But looking at 1H we can see that market is on a bearish run and rejected the Resistance level, if it breaks the current support zone then we could look at a bearish move, otherwise closing the trade and wait for re-entry is what I would consider.
Follow us for weekly Analysis and Setups
Kommentar:
1H finding a support. Can close the trade for now, will look for a re-entry.