EURGBP potential drop?Retest of trend line from the underneath, will be watching this area, could drop down to support levels. Any thoughts or feedback are welcome!
Trend-line-retest
GBPNZD 240M: Breakout of Trendline + Retest Learn to Trade Harmonic Patterns at www.plantotrade.com
The GBPNZD just broke the lower Trendline and now retests the privous price level. A good opportunity to get involved in the trade. We expect price to move down to retest the previous swing low level.
Opening week sell possibility 2 - GBP/USD2. GBP/USD
Recently, resistance has been eye-catching on GBP/USD in the 1.5660 area where price closed off of last week not only rejecting this price proximity but also warding off trend line support that price action broke through in the last week of August. This duo of resistance proposes a price movement to the downside over the coming days.
entry - below low of bearish bar
stop loss - above high of bearish bar
target - at previous support levels/lows
