EURGBP: Confirmed Bearish Reversal?! ๐ช๐บ๐ฌ๐ง
https://www.tradingview.com/x/PQNZdXFg/
Take a look at that huge rising wedge pattern on EURGBP on a daily time frame.
This week, the price formed a head and shoulders formation within its boundaries.
Yesterday, the price formed an imbalance bearish candle and violated both
the neckline of the pattern and the support of the wedge.
It signifies a change of character on a pair and a highly probable bearish continuation.
The market will most likely drop to 0.8625
โค๏ธPlease, support my work with like, thank you!โค๏ธ
Take a look at that huge rising wedge pattern on EURGBP on a daily time frame.
This week, the price formed a head and shoulders formation within its boundaries.
Yesterday, the price formed an imbalance bearish candle and violated both
the neckline of the pattern and the support of the wedge.
It signifies a change of character on a pair and a highly probable bearish continuation.
The market will most likely drop to 0.8625
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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