Testing my Tech analysis skills with this EURGBP trade.
Using 1D and 4H timeframes, I was able to determine the overall market bias / market trend.
Based on the 1H time frame, price was ranging from end of May right up until around June 20th when it finally broke my support structure (creating a new resistance).
Price has since retested the new resistance structure 3 time befoe finally breakingout around July 13th.
I am anticipating a minor pullback as displayed where I have set my entry point and SL accordingly..
Based on the 1H time frame, price was ranging from end of May right up until around June 20th when it finally broke my support structure (creating a new resistance).
Price has since retested the new resistance structure 3 time befoe finally breakingout around July 13th.
I am anticipating a minor pullback as displayed where I have set my entry point and SL accordingly..
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