EURGBP is forming a descending triangle pattern after giving a good upside rally. Descending triangle pattern is a bearish pattern, it indicate that we may see a downside in EURGBP towards the support level indicated in the chart. Trade for the short side can be rewarding with tight stop loss as volatility is high in pair. Trade for short with the proper risk management system.
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Note – Trade With Proper Risk Management System.
Thanks
Vivek_Samale
I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.
