Trade77; EURGBP Daily Channel Update 7pm


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Price launched off 0.8330 and increased 6 days in a row in the daily channel which I noted before. Price is now struggling at the upper bond of the channel and break above this trendline will indicate more strength in this pair.

Also we have got a H1 bearish gartley pattern:

But these are not enough to go against such a strong trend like that, so the best place to board on the bus to the south will be a break below the H1 trendline:

I want to mention that watch price action around the H1 trendline carefully and we could have a good long setup there as well. So do not go short without a CLOSE below that trendline and be patient.

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Regards

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