Break and retest Long opportunity

23 apr 2023

Price is looking bullish from the daily time and 4h timeframe .On the current time frame price made an impulsive move to the upside after break of side ways channel. Its now retesting structure and in the zone of interest there's a 0.618 fib retracement together with a 100 ema bounce.

if price continues to hold the level and puts in a strong engulfing candle then we enter long. EURGBP