So here we have the forex pair EURGBP
We had a up trend which was broked ( BOC ) . The zone POC was retested and i took my entry on the 2h chart with a good confirmation of the retest .
We had our Eliott wave that started such before the breakout .
So talking about where the price is now , his ranging in a zone of support . Probably he would go up ( we can trade...
So here we have the 1h chart of the GBPUSD
We have that trendline red that's the general trandline of the daily timeframe which is bassist .
And we have the bassist canal in the 1h which arrived to a low (1.18760) that never visited before since September 2019.
So in my analysis to that pair , i estimate that this bassist tendance is almost coming to an end ....
