short oppertunity upto the trendline
Updated
eurgbp is staying on the weekly resistance lvl from last 2 , 3 weeks . it has not managed to stay above and break down yesreday. i will be looking for short oppertunity on 4 hour time frame upto the daily trendline. one other thing is that on weekly timeframe market is range bound from a long time. if we manage to break the trendline we can expect it to test the support of the range. i will fuether update as price action develop
Comment
this is the weekly chart , we can see the range of the market . if the trendline and the range is broken the downside is very good. but it will take some time. untill then our first target will be the trendline and second target is the support lvl of range
Trade active
trade opened after 4 hour candle retrace 50% of friday's candle and next candle printed a nice berish bodyi have marked the friday candle with arrow
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