EURGBP is now at major support, where we do have the bottom of that channel and MS1. The down potential is huge if we get a break below that MS1 support area. I will be looking for break and retest before shorting. Do not forget it is still a major support and we basically we should be looking for buy opportunities here. But for me i am only interested to short the break below support :)
Comment:
Price is consolidating bellow support and seems he value is expected at this level. A break below this range here will open the door for much more down.
Price is consolidating bellow support and seems he value is expected at this level. A break below this range here will open the door for much more down.
Comment:
Sorry for late update guys :) But support and low of the channel did hold as you see and for now the short idea is not valid anymore :)
Sorry for late update guys :) But support and low of the channel did hold as you see and for now the short idea is not valid anymore :)
Support broken on 1H TF, letting thing develop first and will watch it again next week.