ElPatron.Y

#EURGBP mixed signal - 21 Dec 2018

FX:EURGBP   Euro / British Pound
Hello All!

EURGBP is moving very strange and we can see it's in a triangle pattern on the current 4hour timeframe. From the weekly timeframe we can see this could be accepted as a lower high, let's say third tap.
Yet I don't like the current price action, it's not convincing. A triangle in an uptrend is normally bullish , so we will wait for a break either way. Will we break the weekly trendline or will we respect it and break the triangle down?

You can view the weekly chart below for your reference:



Only price action will tell...


Good luck!
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