sajastu

Possible Setup for GBPEUR

FX_IDC:GBPEUR   British Pound / Euro
Hi Traders,

GPPEUR pair has recently broken out the bullish trendline. The pullback movement confirms the possibility of having a new bearish trend. But to make sure, we will wait to see if the strong resistance line is either broken or rejects the price bearish trend. If it can break the resistance, then we will go long, otherwise go short.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.