EURGBP, more time needed...
Price has created a solid support zone with multiple hits and is creating lower highs and lower lows. If price makes its way back to the trend line, we can look for signs of rejection with a reversal pattern and enter a sell on a lower time frame.
However, if price decides to break through this support zone, wait for a retest and enter a sell on a lower time frame.
Note: because price is in a down trend I do not feel comfortable entering "the possible" buy back to the trend line. I will wait to see what price does over the next few days and decide. If price comes back to the support zone again and I see signs of rejection, only then would I consider entering a bullish trade if price does not breakout of the support zone.
However, if price decides to break through this support zone, wait for a retest and enter a sell on a lower time frame.
Note: because price is in a down trend I do not feel comfortable entering "the possible" buy back to the trend line. I will wait to see what price does over the next few days and decide. If price comes back to the support zone again and I see signs of rejection, only then would I consider entering a bullish trade if price does not breakout of the support zone.
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