the GBP is showing strength against EUR although is showing some weakness against USD but on the monthly chart against the USD there is a signal of strength and i'm expecting an upwards move for the GBP against EUR and USD
the best way to wait for the pair to reach the level of the white trend line , wait for a signal confirmation if the price get to closes above the trend line with daily candle then i recommend to either to buy and get out of the trade at the next resistance and wait to retest and go long again , or just wait for the price to move back to retest the broken rend...
clearly short as the chart analysis looks breaking trend line uncompleted pattern , weakness on the GBP .. ,, i'm waiting for the retest on the broken trend line my order sell limit is set , lets see !
still channeling between trend lines , small opportunity inside that channel broke out the blue trend line going to retest the broken trend line , expecting sell opportunity to the low trend line . low risk
I posted yesterday about this pair and how would thenext moves would be if they get to break out iether up or down sides , well today i got long on this pair after breaking out to the up direction , check out the chart and have a look @ my entery
Daily chart broke the trend line on the daily chart going upwards towards the monthly trend line downtrend , expecting the trend still going down , its basically trying to do a retest on the daily chart , and then will see the price to collapse back down .