ShahinM's Blog

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The ceiling has been broken!

I’m not sure about you but Trading in between a Ceiling and a floor, or by other words horizontal Support and resistance lines, I believe is one of the most popular ones,
The pair EURGBP which was moving between a ceiling and a floor, has just broke the ceiling which is the sign of a further pass of the ceiling,
A drop toward nearly Pivot point is expected,And also would be a good point to enter the position
Happy Trading
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Daily trade

A channel up pattern we have on the 30m chart of the pair EurGbp
Aso, the same pattern,Ascending Triangle, and double top you by yourself could find on this chart, on 1H&1W Candlestick charts, so I’m not attaching the photos
Besides,0.879 we have now as a support line,Which actually has been passed already,
for today we could expect the price Hitting 0.885 and further upside, afterwards
Happy Trading
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