Hello traders. On this 4H analysis of EURGBP , we have a double bottom setup. We can see that price was rejected twice from the 0.83870 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.84270 region. The 0.85100 region is seen as a good resistance level where price may go next.
This setup is identical to the previous idea published on this currency pair.
This setup is identical to the previous idea published on this currency pair.
Order cancelled:
This setup has been invalidated as an entry reason did not appear.
