EURGBP H1

After breaking through the resistance, price retreated to test the support and held. There is also a trendline support that is holding currently. I believe we will see a move down before breaking the next resistance area and testing the next area of resistance at 0.8952-0.8978

I would only go long if I get a clear break of this next resistance area.

Yorum:

Price has successfully rejected purple trendline. I will look to enter long any time now.
Also, I did not draw a trendline that connects the lows of 14 & 15 Dec & 29 Dec. Price has bounced off that trendline too which confirms my upside bias.

İşlem aktif:

**NO LONGER BULLISH**
Price has broken below trendline. Bias changed to bearish, TP at around 0.8765 (previous swing low)

İşlem elle kapatılmış:

Sell trade has been closed manually a few hours ago due to weak GBP and also positions in GBPJPY and GBPUSD.