EUR/GBP trade setup.
Updated
I have established a downtrend within the H4 and H1 time frame. Price closed on the 0.83851 support level, I anticipate two probabilities: a respected double bottom pattern or a continuation of the trend, reaching for a lower low.
We'll wait and see how the market opens.
We'll wait and see how the market opens.
Note
The market opened opened with a gap and has been experiencing a bullish rally headed for the 0.84554 resistance level.Note
Price went beyond the descending trendline and 0.84554 resistance level. The bullish rally continued & reached the 0.85327 resistance level.
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