EURGBP was Trading in Ascending Triangle Pattern , Which is bullish pattern at bottom of chart but it failed to breakout on upside. According to chart pattern analysis , EURGBP breakout on down side from Ascending Triangle Pattern . We might see more down side in EURGBP towards support level 1 and support level 2 (as shown in chart). Short trade can be taken on EURGBP with proper risk management and stop loss.

Thank You
Vivek S.

Vivek_Samale
Vivek_Samale

have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.