EURGBP: Contraction in Triangle. Your Plan 🇪🇺🇬🇧

EURGBP is consolidating from April.
The price action contracts and the price sets lower highs and equal lows.

The market is stuck within a descending triangle:

• To catch a bullish move, wait for a bullish breakout of a falling trend line.
  It will be a strong trigger.
  Goal will be 0.87
  
  
• To catch a bearish continuation, wait for a bearish breakout of horizontal support.
  Goal will be 0.849
  

Because a long-term trend is bearish, I remain bearish biased.

Yorum:

Check my new idea on EURCHF: