vj20_fx

Breakthrough Major Trendline

Short
FX:EURGBP   Euro / British Pound
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4
EURGBP has stayed between my two contrasting treandlines even with the massive gap which occurred 2 weeks ago. Price has been very respectful of these two lines and I have been waiting for a low break either way. Price has now broken through the trend towards the downside therefore, if the candlestick closes below trend, I will be entering a short position down to me monthly SUP as a target. There is a possibility price could bounce of my DAILY sup as it has shown to hold price many times, in which case I will close the trade and lock the profits. Have a good week!