EURGBP got rejected just below the daily 50MA and fell slightly below 4H 100MA.
consider previously failed breakout on 08 July, which it fell back within the downtrend channel, I expect EUR will go down and maybe reaching to the edge of the channel's lower end once again before another attempt.
TP: I will start trailing from 0.85527, anything go lower than 0.853 is a luxury to enjoy. EU flood is bad enough, UK Covid suffering is no good either.
SL: slightly above daily 50MA, can be safer to move to 100MA although I don't see the necessity.
Note: I have entered last Friday at 0.8578, if you missed, you may enter a few pips below each TP line but risk will be much higher.
consider previously failed breakout on 08 July, which it fell back within the downtrend channel, I expect EUR will go down and maybe reaching to the edge of the channel's lower end once again before another attempt.
TP: I will start trailing from 0.85527, anything go lower than 0.853 is a luxury to enjoy. EU flood is bad enough, UK Covid suffering is no good either.
SL: slightly above daily 50MA, can be safer to move to 100MA although I don't see the necessity.
Note: I have entered last Friday at 0.8578, if you missed, you may enter a few pips below each TP line but risk will be much higher.
