EURGBP has been trading bearish for quiet sometime now. We had a break of structure on the week of the 8th of February following by a Higher High @ 0.81122 area, right after that we had our Higher Low which was also the re-test of the trend line we just broke out of confirming our trend reversal.
We are anticipating a Retrace to the Orange Box marking the 50% Fibonacci Retracement to form a new Higher Low & then we shall enter our contracts Long.
We are anticipating a Retrace to the Orange Box marking the 50% Fibonacci Retracement to form a new Higher Low & then we shall enter our contracts Long.