A SHORT OPPORTUNITY HERE ON EURGBP, FROM A WEEKLY PERSPECTIVE IT LOOKS LIKE THE BIAS IS VERY BEARISH AND THIS IS THE BEST POINT FOR AN ENTRY THAT I HAVE IDENTIFIED ON A SMALL TIMEFRAME. THIS HAS FANTASTIC RR AND HAS A LOT OF CONFLUENCES SUPPORTING THIS MOVE. LETS SEE WHAT HAPPENS.
Trade active:
INVERTED HAMMER ON 1HR, CONSOLIDATING AROUND REVERSAL AREA FOR A FEW CANDLES.