Euro / British PoundShort
EURGBP H1, wait for next trend line hit!
Price has been in a steady downtrend for the past few week and has made multiple hits to this trend line. There is the possibility that price could hit this level again and continue selling. If this happens and we see signs of rejection in price we can enter a sell at the trend line or resistance zone.
However, if price decides to breakout of this downtrend and resistance zone, we need to wait for a retest before looking to enter buys.
As of right now the overall trend is down. Therefore, all I will be looking to enter on this pair for now is sells. Happy trading!
However, if price decides to breakout of this downtrend and resistance zone, we need to wait for a retest before looking to enter buys.
As of right now the overall trend is down. Therefore, all I will be looking to enter on this pair for now is sells. Happy trading!
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