Euro / SterlinaShort
Short EURGBP
Seems like we have started the last wave of a larger ABC corrective set. I'll wait for a few things before confirming that trade:
1. Clear break of trendline.
2. Potential retracement along the trendline to the 618 fib level and not breaking above it
3. Monitoring of MACD and RSI indicators
4. Continue downtrend
Expected entry: July 25ish?
Entry: .88115 (a few pips below the fib level)
SL: .89425 (Above the previous high)
TP1: .83080
TP2: .80840
1. Clear break of trendline.
2. Potential retracement along the trendline to the 618 fib level and not breaking above it
3. Monitoring of MACD and RSI indicators
4. Continue downtrend
Expected entry: July 25ish?
Entry: .88115 (a few pips below the fib level)
SL: .89425 (Above the previous high)
TP1: .83080
TP2: .80840
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