• Vasily Trader

EURGBP: Contraction in Triangle. Your Plan (indecision)

EURGBP is consolidating from April.

The price action contracts and the price sets lower highs and equal lows.

The market is stuck within a descending triangle:

To catch a bullish move, wait for a bullish breakout of a falling trend line .

It will be a strong trigger.

Goal will be 0.87

To catch a bearish continuation, wait for a bearish breakout of horizontal support.

Goal will be 0.849

Because a long-term trend is bearish , I remain bearish biased.