What a peculiar situation on EURGBP:
the pair has recently retraced from a key weekly structure.
Being stuck within a rising wedge pattern, I see 2 potential scenarios:
If the price breaks and closes above an underlined yellow resistance,
I will expect a bullish continuation to 0.885.
If the price breaks a support of the wedge to the downside on a daily,
I will expect a bearish move to 0.85.
Wait for a breakout and only then open a trading position.
What do you expect?
â€ïžIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!â€ïž
â
Join My Telegram Channel: t.me/VasilyTrading
âïžYouTube Channel www.youtube.com/c/VasilyTrader
đ°Instagram: www.instagram.com/VasilyTrader/ đ°
â Facebook: www.facebook.com/VasilyTrading/ â
âïžYouTube Channel www.youtube.com/c/VasilyTrader
đ°Instagram: www.instagram.com/VasilyTrader/ đ°
â Facebook: www.facebook.com/VasilyTrading/ â