EURGBP On Key Level! Potential Scenarios!

5 thg 6, 2020

hey guys,

EURGBP has reached a key weekly/daily/4H structure resistance.

based on the current reaction of the market on that level bearish and bullish scenarios are equally possible.

0.898 - 0.9005 is the horizontal decision range on 1H.

in case of a bullish breakout (1H candle close above that) the market will keep growing to retest current structure high.
goal - 0.904

in case of a bearish breakout (1H candle close below that) the market will drop to the next levels of support.
goals - 0.8956/0.8938


I am bearish biased and will trade only bearish setup!

good luck!