EUR/GBP POC Near W H5 & D H3 Camarilla Pivot

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,
The EUR/GBP has formed a bearish divergence close to D H3 and W H5 so we might see a rejection soon.

D H3 H4 BB, bearish divergence and ATR pivots make a confluence zone that is just below the Weekly H5 camarilla. If we see a rejection targets will be 0.8857 followed by 0.8819 and eventually 0.8820. Have in mind that EUR/GBP (also known as Chunnel) is a slow mover and that it might take some time for the price to develop. All-in-all, pay attention to reversal patterns within the POC zone.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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