EURGBP Incoming Opportunity

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The instrument has created a triangle due to the formation of lower highs and higher lows on H4 chart.

The price is currently trading in the middle of the structure at around 0.8890

A break on either side will give us a signal for further direction.

Keep in mind, D1 range was broken from the resistance and price is currently lurking at that area;
A break above the triangle on H4 would give more power to go long;

Awaiting signal ... Patience is a virtue!

評論

The break is obvious, now waiting for the pullback to attach with a good buy.
Likely area for the pullback to begin is the resistance at the previous high.
For those who have the balls, you could take advantage of a short term sell there.
For the not so ballsy ones, we are waiting for the pull back to complete :)

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