Title
EURGBP H4 I Bearish continuation expected?

Type
Bearish Reversal

Preference:

 The price is rising toward our pivot point at 0.86701, which is an overlapping resistance level. A reversal from this point could lead to a drop in price to the 1st support at 0.8633, which is an overlap support level.

Alternative scenario:

However, if the price breaks above the pivot, it could rise to the 1st resistance at 0.86984, which is above swing swing-high resistance level

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.