It is possible that EURGBP will continue its H4 downtrend to the lower support zone (around 0.888). The market is making lower highs and lower lows which is by definition a downtrend. A medium-to-large sized bearish candle closing below 0.89377 will be the signal to place a SELL on this currency pair with a stop loss placed just above the previous high (SL = 0.89718). As always, MANAGE YOUR RISK!! Control your lot size so a stop loss hit will only depreciate your total account size by 1%. Follow me to receive my notifications! Have a good weekend!
Order cancelled:
No signal of a close below 0.89377 and therefore no trades were taken. This is why we wait for price action.