EURGBP has met a strong resistance level from the W1 domain, trading with a channel formation, and later forming a sequence of HL struggling with the descending trendline, price is expected to test back that level for a downtrend continuation.
A short entry from the retest of the trendline could be placed.
The order:
Type: sell-limit
S/L: 22 pips - R:R | 1:2 -
T/P: aiming towards the Fib level 5.0
A short entry from the retest of the trendline could be placed.
The order:
Type: sell-limit
S/L: 22 pips - R:R | 1:2 -
T/P: aiming towards the Fib level 5.0
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