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#Post#: 11--------------------------------------------------
EURGBP Sell Formation
By: gazfx Date: July 11, 2020, 7:12 pm
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Weekly Trend:
Weekly %R:
Daily Trend:
Daily %R:
SR Zones:
Trade Status:
Monitor the EURGBP for a potential sell signal within the next
day or two. Price action is below the slow moving average, and
the moving averages look set to cross-down. Note also the
position of %R, which is close to breaking below the -80 level.
A break through here, combined with a moving average cross-down,
is sufficient evidence to consider a short position.
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