After breaking through the resistance, price retreated to test the support and held. There is also a trendline support that is holding currently. I believe we will see a move down before breaking the next resistance area and testing the next area of resistance at 0.8952-0.8978
I would only go long if I get a clear break of this next resistance area.
Comment
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Price has successfully rejected purple trendline. I will look to enter long any time now. Also, I did not draw a trendline that connects the lows of 14 & 15 Dec & 29 Dec. Price has bounced off that trendline too which confirms my upside bias.
Trade active
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**NO LONGER BULLISH** Price has broken below trendline. Bias changed to bearish, TP at around 0.8765 (previous swing low)
Trade closed manually
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Sell trade has been closed manually a few hours ago due to weak GBP and also positions in GBPJPY and GBPUSD.