OGFXTRADER

EURGBP managed to break upward

Long
OANDA:EURGBP   Euro / British Pound

Yesterday the pair was trading finding resistance towards the supply zone, and I was short because of the rejection and after forming a double top pattern. However, the bearish closing candle expected as confirmation never happened. Instead, the price action managed to record a new HH invalidating the initial bias.

The price has broken the supply zone, and we could expect an upward continuation movement after the re-test. Potential setup R:R | 1:4

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