Short opportunity on EUR/GBP by ThinkingAntsOk
4H CHART EXPLANATION:
At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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