Long term targets still the top of previous structure on this pair!
See how key levels in price are still respected even when price breaks that previous structure?
Any questions about this pair please don't hesitate to ask!
so getting to key area of price approaching a double top area and have been consolidating in this zone for a while now so my bias with this trade that we break below this trend and have a bearish correction moving out of the trend we wait for conformation on any trade we take
The EURGBP has just respected a very old and solid looking support level (label A). This level has been respected four or five times since July 2016. This level suggests buying positions. The upper descending trend line (label B) suggests resistance points. Using those levels as entry and exit points with a stop loss just below the lower extended support line...