Potential trade setup: EUR/GBP analysis
Price has tapped the 76.8% retracement line on a bigger time frame at the 0.89400 with last week candle closing as a spinning top hinting that there could be a reversal due to a slowdown in momentum of buyers however with this week candle looking like it could close as a bullish candle what would confirm a reversal is if this daily candle closes below 0.89302, what would invalidate this entry is if weekly candle closes above previous high to confirm further upward momentum.
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