After a -8% downtrend from Aug 19 through todays currently traded prices, we can look at the well proven level of 0.85 as current support to be respected. This potentially could be the bottom we are waiting for for an entry, but we won't know any time soon. We are however looking for a long entry today, as the 0.85 continuously is subjected to being rejected...
Eurgbp - weekly - Price dips into a weekly demand level after falling off the cliff weeks ago.. its only right we get a decent pullback if not a reversal.. lets see how this goes!
Good afternoon
so currently we are in a down trending market
what I see is the following :
- down trend
- a bearish triangle / flag
- market has been stalling on the line for a while : meaning a breakout will eventually occur
My entry signals:
- a break and close of the lower low : with retest then enter
- a break south of the triangle
stop will...
