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What Indicates That The Bullish Momentum On EURGBP Is About To Ended 17/05/2019

cci divergence eurgbp 17-5

If we look at the 1H chart, we can see the EURGBP is in strong and long bullish momentum, the indication that this bullish momentum is about to end is the combination of the supply above and The CCI indicator divergence, on the 1D chart we can see the price is just about to hit the supply above, this supply seems fresh and it’s the first time the price will touch it, on the 1H chart we can See also a clear divergence between the CCI and the price, while the price creates a higher high, the CCI indicator creates a lower high, the combination of the supply and the divergence creates a Great opportunity for sell position at the supply above.

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