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EURGBP is sitting around a resistance zone in green so we will be looking for sell setups on lower timeframes.
on M30: EURGBP formed a valid trendline in red but it is not ready to go yet.
Before we sell, we want the bears to take over again.
Trigger => Waiting for a momentum candle close below the last low in gray to sell.
Until the sell is activated, EURGBP would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURGBP is sitting around a resistance zone in green so we will be looking for sell setups on lower timeframes.
on M30: EURGBP formed a valid trendline in red but it is not ready to go yet.
Before we sell, we want the bears to take over again.
Trigger => Waiting for a momentum candle close below the last low in gray to sell.
Until the sell is activated, EURGBP would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich