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EURGBP: No Bears Insight!


4hr Time Frame: Reading price we can see we have been bullish. Reading the candles, we can see the price has cleared above resistance is creating new support with long wicks pointing to the downside.


 

1hr Time Frame: Scaling down we can see price creating a double bottom with bullish pinbar rejection candles at 4hr support. If price manages to hold above, we can see new potential swing highs. Look to buy this up to .93000 key psychological resistance. However, if price violates 4hr support look to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended

 

Strategy:

-Trend: Up

- Support/Resistance: Yes

- Candlestick Reversal Formation: W & Pinbars

 

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