I'm short EURGBP going into the ECB rate decision & press conference today.
Entry based purely on the technicals, pair has hit channel resistance & put in a double top with RSI divergence, didn't get too oversold on the 4 hour though
A bearish Gartley Pattern I will be monitoring into Monday morning.
We have some fib confluence with the 61.8% retracement from the most recent move down.
As this is with trend I will be looking for a 1:1 R/R which for the first half position off, which is just past the traditional targets of the 38.2%
Looking to get long on the Cable this week, using this Gartley pattern as my entry reason. We also have some fib confluence with the 50% & 618% retracements of the last couple of moves up from higher timeframe.