EURGBP Re test and Long

Weekly TF:
Bearish pressure rejecting the top of the channel

Daily TF:
Re test of an ascending trend line / top of channel

4hr TF:
Consolidation at support level 0.88850

1hr TF:
Trading above all 3 ema zones. 50ema just crossed the 20 ema

Entry:
Above the high of friday’s close candle

Stops/Targets:
Stops below the last daily swing (below the 200 ema) targets are a 127.2 FIB ext at 0.9000
EURGBPeurgbplongTrend Analysis

Disclaimer