Eurgbp Sell D1 !!!

14. Juni 2020

Eurgbp has been ranging for the past couple weeks and is once again approaching the top of that range around the @.9000 area.Going in to this new week my bias is to the downside. However the trend over last week has been moving strongly to the upside with Wednesday's candle leaving a large wick which is most likely going to be filled. As of Thursday and Friday there was a gradual decrease in bullish strength signifying the bulls are taking profits and the bears stepping. Therefore i will be monitoring price action on a lower time frame waiting for price to create its "stop hunt" before making a push lower and enter on the retest of the move.