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ShaneHuynh

EURGBP breaks through the bullish channel, looking to retest.

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Euro / Libra Esterlina (FX:EURGBP)  
ShaneHuynh  
FX:EURGBP   Euro / Libra Esterlina
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
EURGBP ended last week with a penetrating candle through the bullish channel that has been holding for more than 2 month. This could mark a change in trend, but I don't want to jump the gun here. Im in observatory mode to see if the pair retests the lower channel trendline and see if it holds and retreats from it. Stay tuned for more updated. The probable trade setup should be a shorting position.
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