Hello everyone. EURGBP has been down for the past few days and violated the control low.
However, if it continues going down, I'll be interested in potential reversal bullish trade as below:
1. On the daily, the previous low might serve as a reversal zone. Set an alert and wait for the price action.
2. On the weekly, the zone of 0.8279-0.8371 looks pretty solid. price is likely to bounce back if the previous daily zone got penetrated. I'll watch how it move on 4H then.
What do you think? Give me a like if you're with me.
However, if it continues going down, I'll be interested in potential reversal bullish trade as below:
1. On the daily, the previous low might serve as a reversal zone. Set an alert and wait for the price action.
2. On the weekly, the zone of 0.8279-0.8371 looks pretty solid. price is likely to bounce back if the previous daily zone got penetrated. I'll watch how it move on 4H then.
What do you think? Give me a like if you're with me.
Note
A bit choppy above the zone. Note
Zone got touched. I'm waiting for the bullish signal. Now it's still downtrend on 60mNote
Below is the 4H chart, we can see some signs of reversal. Note
Finally it failed to terminate the downtrend line. Note
The downtrend line is still respected. 
plan your trade and trade your plan
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.