EURGBP - Respecting the trendline
- The pound looks to be losing momentum after its strong rise across all pairs a week or two ago.
- Price has respected the trendline (White line) again and has now formed a bullish pin bar (Green arrow)
- We are looking for the price to visit the highs of the range again where we will take profit.
- Price has respected the trendline (White line) again and has now formed a bullish pin bar (Green arrow)
- We are looking for the price to visit the highs of the range again where we will take profit.
Note
- Stopped out by a pip or two......
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