EURGBP Long
Updated
The reason I am long is because I noticed where the drop that happened today started from.
You have a clean area of resistance and you also have the trendline acting as resistance.
I am looking for a move back up and a break outside that DAILY trendline.
So far I like what I am seeing. They broke Tuesday's low and Reversed shorty after. If we can keep this move up going into tomorrow would be great.
If I am right about this, price SHOULD NOT come back below the low that they set today.
You have a clean area of resistance and you also have the trendline acting as resistance.
I am looking for a move back up and a break outside that DAILY trendline.
So far I like what I am seeing. They broke Tuesday's low and Reversed shorty after. If we can keep this move up going into tomorrow would be great.
If I am right about this, price SHOULD NOT come back below the low that they set today.
Trade closed: stop reached
Oh well...That was unfortunateNote
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