- January 14, 2020
- Posted by: Tradingshot Articles
- Category: Uncategorized
No Comments
Pattern: Channel Up on 1W (dashed channel).
Signal: Bearish as after the price failed to cross the 1M Resistance Zone, it got rejected on the 1D MA200 and the Channel Up broke to the downside. MACD also rolling over.
Target: 1.1460 (symmetrical Support A) and 1.1000 (symmetrical Support B).
Tradingview link:
https://www.tradingview.com/chart/GBPEUR/Kc9sLgk2-GBPEUR-Sell-Signal