Price has broke through the bullish triangle that formed on the 4H EURGBP Chart.
Price is likely to retest the new support before bouncing back up to the uptrend and meeting the previously found resistance.
I'd keep a look out for when price is retesting the support and take a long position on confirmation of an uptrend.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Price is likely to retest the new support before bouncing back up to the uptrend and meeting the previously found resistance.
I'd keep a look out for when price is retesting the support and take a long position on confirmation of an uptrend.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.