Updated: Sep 27, 2020
4hr Time Frame: Reading price we can see that EURGBP is testing at .91000 psychological support in confluence with a double bottom formation. If price manages to hold above and show signs of bullish rejection, we can then look for potential long opportunities. However, if price breaks support look to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
- Trend: potential ranging market
- S/R: yes
- CRF: double bottom