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EURGBP: Contraction in Triangle. Your Plan ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ฌ๐Ÿ‡ง

Short
OANDA:EURGBP   Euro / British Pound

EURGBP is consolidating from April.
The price action contracts and the price sets lower highs and equal lows.

The market is stuck within a descending triangle:
  • To catch a bullish move, wait for a bullish breakout of a falling trend line .
    It will be a strong trigger.
    Goal will be 0.87

  • To catch a bearish continuation, wait for a bearish breakout of horizontal support.
    Goal will be 0.849

Because a long-term trend is bearish , I remain bearish biased.

Comment: Check my new idea on EURCHF:
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Comments

I have the same viev on EURGBP
amazing!
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VasilyTrader SignalProvider
@SignalProvider, thank you so much brother :)
Reply
Thank you for posting!!!
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VasilyTrader UnitedSignals
@UnitedSignals, you are welcome bro โ˜บ๏ธ
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Awesome plan mate๐Ÿ”ฅ
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VasilyTrader FieryTrading
@FieryTrading, thank you buddy!!!
Reply
Are you bullish or bearish on EURGBP?
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twoxcee6 VasilyTrader
@VasilyTrader, im bullish
Reply
@twoxcee6, thank you for comment my friend!!!
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