EURGBP LONG
EURGBP:
The market price is currently at a key horizontal support level on the daily charts, with a strong candle rejection observed at the same charts. Furthermore, in the 1-hour timeframe, both a head and shoulders pattern and a falling channel pattern are visible, and their respective necklines have been broken above. Although there was a retest of the neckline, I missed the opportunity to enter a trade. If the price comes back for another retest, we will consider entering a trade.
ENTRY 0.8603
STOP LOSS 0.8561
TAKE PROFIT 0.8645 & 0.8668
The market price is currently at a key horizontal support level on the daily charts, with a strong candle rejection observed at the same charts. Furthermore, in the 1-hour timeframe, both a head and shoulders pattern and a falling channel pattern are visible, and their respective necklines have been broken above. Although there was a retest of the neckline, I missed the opportunity to enter a trade. If the price comes back for another retest, we will consider entering a trade.
ENTRY 0.8603
STOP LOSS 0.8561
TAKE PROFIT 0.8645 & 0.8668
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