TomProTrader

EURGBP-Update: Continued Bear Momentum, Hold #Forex

FX:EURGBP   Euro / British Pound
113 0 10
Traders,

UPDATE: Had some fantastic downside since I last posted this pair (see related ideas). Expecting downside to continue into next weeks trading.

Previous analysis: Compelling evening star signal right at the sideways support level , at a lower low. There is clear selling pressure here at the fibonacci extension expiry zone and is clearly indicating this is a hidden level of resistance. More downside to be seen or a retest of sideways support turned resistance then a breakdown.

I hope you have a tested trading strategy to trade this move when it starts

Thank you for your support
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