Setups for Monday (Nov.22)

EURUSD: 4h trend is bearish, the pullback against the trend is testing the resistance made up by prior swing lows but yet to reach the 38.2% fibo level. Waiting for a test and failure on the upside.

GBPUSD: the 4h trend is down but the significant overlap of the price waves suggest a consolidation rather than a trending phase while the bullish trendline is still intact. I rather play a bullish 1-2-3 reversal on the 4h timeframe.

EURGBP: the 4h trend is down, waiting for a test of the 38.2% fibo level for a reversal the the downside.


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