EURGBP Re test and Long
Weekly TF:
Bearish pressure rejecting the top of the channel
Daily TF:
Re test of an ascending trend line / top of channel
4hr TF:
Consolidation at support level 0.88850
1hr TF:
Trading above all 3 ema zones. 50ema just crossed the 20 ema
Entry:
Above the high of friday’s close candle
Stops/Targets:
Stops below the last daily swing (below the 200 ema) targets are a 127.2 FIB ext at 0.9000
Bearish pressure rejecting the top of the channel
Daily TF:
Re test of an ascending trend line / top of channel
4hr TF:
Consolidation at support level 0.88850
1hr TF:
Trading above all 3 ema zones. 50ema just crossed the 20 ema
Entry:
Above the high of friday’s close candle
Stops/Targets:
Stops below the last daily swing (below the 200 ema) targets are a 127.2 FIB ext at 0.9000
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