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Tuesday, December 29, 2020

EURGBP TRADE SET UP

EURGBP TRADE SET UP

EUR/GBP OANDA:EURGBP

This is a weekly income trade 💰 Price broke the support level that was holding the price up above 0.89946 since the beginning of this month (Dec. 2020) and the candle body closed below it as a confirmation of the invalidation of the support level . It has already retraced and price stopped in the proximal area of the supply zone where price is rejected to go higher. In addition, the Daily Time Frame Support Level has also been invalidated which confirms the bearish bias since two time frames are in sync. Supply zone is found in the 6HR time frame which is why this trade is considered a weekly income trade. I will be updating this trade set up until it's done. 💞✨

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