ok let's speak on charts.
on weekly EURGBP shows a S&R reversal,
so 0.78 resistance became a support for the clear bull trend...
(which also invalidates the bearish trend you mention)
we are on the last week of march:
march 1
april 4
may 4
until BREXIT referendum is voted, we should see ~10 more weeks. (you can always argue that BREXIT is already priced in etc.)
I see 0.82 before any reversal.
what you call "top" is at 0.98...
(I don't know about anything called "top"; I know about "price floor" / "price ceiling")
around 0.81 - 0.83 a "price ceiling" + "resistance" will be formed.
theory craft reversals are not my thing, I trade PA...
on weekly EURGBP shows a S&R reversal,
so 0.78 resistance became a support for the clear bull trend...
(which also invalidates the bearish trend you mention)
we are on the last week of march:
march 1
april 4
may 4
until BREXIT referendum is voted, we should see ~10 more weeks. (you can always argue that BREXIT is already priced in etc.)
I see 0.82 before any reversal.
what you call "top" is at 0.98...
(I don't know about anything called "top"; I know about "price floor" / "price ceiling")
around 0.81 - 0.83 a "price ceiling" + "resistance" will be formed.
theory craft reversals are not my thing, I trade PA...