Monthly: Un, Dos, Tre's, nice triple top rejecting the 150EMA.
Weekly: Showing the end of a Head and Shoulders.
Daily: Rejecting the 0.78000 zone on the outside shoulder of the H & S.
4hr: Clear consolidation zone rejecting the 150EMA, long term trendline which has rejected previous and is in a long term descending wedge formation
1hr: Descending wedge using the...
EURGBP H4 Chart-
Market is in an Uptrend and price is above the 50EMA, price is in the Monthly Resistance Zone (Brown Area).
Reason For Entry- Double Top followed by Engulfing Candle.
SL- 48 Pips🛑
TP1- 48 Pips✅
TP2- 96 Pips✅