Long term sell for EURGBP

Pressure to the upside has stopped in consolidation for a few days, but as I join trend lines to form a triangle, price steadily decreases validating a stronger bearish push.

Trade closed: stop reached

SL HIT

Note

(For my journal) Poorly analysed, the current market sentiment is an upwards direction. Price consolidated for a few days before breaking out of resistance to push up.

If price is above the 200 EMA, it's still in an uptrend. Look for confluence on the higher timeframe. See if price is continuing its direction. If not then look for a reversal opportunity.

Place trend lines in bigger areas, price seems to choppy and inappropriate for this area you could say.

UnknownUnicorn2215917

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