EURGBP Weekly, Over the last two weeks EURGBP has managed to made an impulsive move to the upside after breaking an area of resistance that started in the month of May. The price has now reached the previous neckline. We will now wait for a bearish environment on 4H or an internal break of structure in the LTF to short on this pair. Usually after a strong impulse we would like to see a healthy correction of the market. Only enter when you see a confirmation for a bearish move on the LTF.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.