Hello,Traders!
EUR-GBP is trading in a downtrend
And the pair broke the daily support level
While trading in a falling channel
Which would conventionally cause me to go short on retest
But the pair's price action is bizarre
And I do not actually trust the breakout
Thus,even though a further move down is possible
I think that a local bullish move up is more likely
And then, we will see a new bearish wave after the pair retest the resistance above
From where I would feel comfortable selling
Sell!
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See other ideas below too!
EUR-GBP is trading in a downtrend
And the pair broke the daily support level
While trading in a falling channel
Which would conventionally cause me to go short on retest
But the pair's price action is bizarre
And I do not actually trust the breakout
Thus,even though a further move down is possible
I think that a local bullish move up is more likely
And then, we will see a new bearish wave after the pair retest the resistance above
From where I would feel comfortable selling
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
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