Price below MA 100and MA 25, L T trendline and M D support broken.
Two posible scenarios:
1) A small rally to previous support, that then should turn into resistance: .When price closes again below MA 100 (H4) ,short at market;
2) No retracement: Go Short after a close below 0.9150
In both cases: Hard Sl @ 0.9255, initial TP @ 38.2 fib level. Terminate trade after a close above 0.9200
EURGBP may move down to MA 100 (D1) -currently at 0.88s-, so trade should be managed accordingly
Two posible scenarios:
1) A small rally to previous support, that then should turn into resistance: .When price closes again below MA 100 (H4) ,short at market;
2) No retracement: Go Short after a close below 0.9150
In both cases: Hard Sl @ 0.9255, initial TP @ 38.2 fib level. Terminate trade after a close above 0.9200
EURGBP may move down to MA 100 (D1) -currently at 0.88s-, so trade should be managed accordingly
Trade active:
Price continues above 0.91500 and MA 100,otherwise, trade setup still valid.
Trade closed: target reached