Would you like to trade EURGBP this week? Consider the view that on the daily time frame, the price action has moved away from the major ascending trendline on the weekly time frame (chocolate colour) to respect an inner ascending trendline (navy colour) – an indication of an increased momentum. Price action and order flow on the H4 time frame favour the bulls. However, as price action is operating around an S/R zone on the H4 time frame, any further move upwards will start with another bullish cabdlestick that rejects the zone and take away the resistance around 0.8660.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money