H4 time frame.
Structure: Downtrend.
The price rallied to the 61.80 Fibonacci resistance zone of the previous downtrend.
Divergence signal appeared and Key level at 0.85600.
Wait for the price to break the Key level and confirm the downtrend, then you can look for selling opportunities with EURGBP.
The profit target is the 0.84500 support zone.
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Wish you all have a good trading day!
Structure: Downtrend.
The price rallied to the 61.80 Fibonacci resistance zone of the previous downtrend.
Divergence signal appeared and Key level at 0.85600.
Wait for the price to break the Key level and confirm the downtrend, then you can look for selling opportunities with EURGBP.
The profit target is the 0.84500 support zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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