Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURGBP technical analysis | 8th May 2023 | #forextrading #forexsignals #forexanalysis #shorts

9 May 2023 · 1 min

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Vladimir Ribakov sees EUR/GBP heading lower. The recent swing high is intact, so he's selling rallies into broken support levels that now act as resistance, or into a falling resistance line where price tends to bounce and reverse.

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So my view here is bearish, and as long as the most recent swing high is holding, for me, sell the rallies becomes the plan. Any little pullback back to supports that are broken and now behave as resistance, or falling resistance line, you can— trendline could be good zones to look for the price to Bounce, reject, start to build some good bearish momentum, and look for the sell opportunities to come.