EUR/GBP - potential short.
Market price range bound in a huge range (0.73800 - 0.70000) the nearest inner up-trendline was broken as seen in Daily Chart. As technical view point price is potentially fall towards the outer TL with Price Action Setup (Spinning Top) formed at the Inner TL & a strong bearish confirmation after that.
whilst in the Hourly chart we can see minor retracement towards previous broken support (nw resistance), price also hold by confluence 61.8% Fib level & price forming tweezer top with good confirmation breakthrough a support TL.
Market price range bound in a huge range (0.73800 - 0.70000) the nearest inner up-trendline was broken as seen in Daily Chart. As technical view point price is potentially fall towards the outer TL with Price Action Setup (Spinning Top) formed at the Inner TL & a strong bearish confirmation after that.
whilst in the Hourly chart we can see minor retracement towards previous broken support (nw resistance), price also hold by confluence 61.8% Fib level & price forming tweezer top with good confirmation breakthrough a support TL.
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Perhaps not a good entry position/ should have a better stop loss location.
Trend is obviously goes toward the direction .
Trend is obviously goes toward the direction .