The 3 day chart shows us the pair is in the horizontal resistance/decision are.
The resistance is strong and therefore I am short biased.
The closer look shows us that he upward movement was being conducted within the channel, which somewhat limits the short's potential, giving it an additional support.
Anyhow, wait for breakout for both scenarios, as always. 2 and 4 hour chart are good for that too. The 8 hour chart is given for convenience.
This is the trading plan for EURGBP.
Thank you for reading. Like and subscribe to support me.
Wish you a nice day.
The resistance is strong and therefore I am short biased.
The closer look shows us that he upward movement was being conducted within the channel, which somewhat limits the short's potential, giving it an additional support.
Anyhow, wait for breakout for both scenarios, as always. 2 and 4 hour chart are good for that too. The 8 hour chart is given for convenience.
This is the trading plan for EURGBP.
Thank you for reading. Like and subscribe to support me.
Wish you a nice day.
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✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.