A break of the trend line from the H1 and H4 charts. No retracement yet, but plotting the pitchfork, we can see price stalling near the median line pointing to a rally close to the lower swing pivot point at 0.791 for a short entry targeting 0.785.
A break above .7925 could be seen as an invalidation of the short set up. Refer to the related cup and handle formation for context to the upside (tradingview.com/v/1Ssrs0dw/)
Comments
justatrader
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Picture perfect trade, playing out as expected. Euro just can't beat a fundamentally stronger Pound.