EURGBP for the watchlist

Good Evening Dynamic Traders,

In the AUDJPY post from Sunday I mentioned a potential 123886 set up. Price has not abided by this, depite the confluences presented at the time, but in fact it has continued upwards with the short term trend. Price is now at a Fib breather level on the weekly chart and is presenting an indecision candle on the daily chart. In order to continue trading with the trend we need to allow for a potential breather and be ready for when price either resumes the trend or enter post confirmation of a reversal.

The EURGBP daily chart below shows price has reached a Fib breather level and is now approaching a familiar support level and RN. This is one to put on the watchlist for a continuation if it breaks through the support level.














Good Trading!
Bijal Shah