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Euro / British Pound
Short

EURGBP Retesting Current High! Trading Plan

By VasilyTrader
snapshot

EURGBP is retesting a key daily/4H structure.

the price has already been rejected on 4H
and now it is forming a double top formation on 1H chart.

I will short the pair in case of a bearish breakout (1H candle close below) of 0.8965 structure support.

target levels: 0.8936/0.891

if the market sets a new higher high higher close above the underlined structure on 4H, setup will be invalid and bias will switch to bullish.
Chart PatternsCurrenciesEUReuroForexfxGBPpoundpoundsterlingTechnical AnalysisTrend AnalysisWave Analysis
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