EUR/GBP (The Sell Down May "NOT" be over)
View On EUR/GBP (25 Oct 2019)
We had a strong sell down recently and it is now going into a consolidation phase.
We may be minor upswing along the way back, but I expect the sell down (Bear Force) will come back soon.
So, it might be better to wait at the higher swing points such as 0.875 or 0.88 to sell it down.
Let's see.
Do your own due d diligence (DYODD), All the best and Read the disclaimer.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
We may (or) we may not take positions as discussed.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
We had a strong sell down recently and it is now going into a consolidation phase.
We may be minor upswing along the way back, but I expect the sell down (Bear Force) will come back soon.
So, it might be better to wait at the higher swing points such as 0.875 or 0.88 to sell it down.
Let's see.
Do your own due d diligence (DYODD), All the best and Read the disclaimer.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
We may (or) we may not take positions as discussed.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
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Did you follow our previous analysis?
It is going down as we expected. More to come. Cheers.