EUR/GBP pair fell during the day on Monday, as we continue to pull back from the recent breakout. Ultimately, the 0.85 level below should be a bit of a “floor” at this point in time, and as a result am waiting to see whether or not we get some type of supportive candle in order to go long again. I have no interest in selling this market, as I see a massive amount of support just below the 0.85 handle going forward. With this, I am simply waiting to see whether or not I can go long again.
Trade closed: target reached:
Trade close , profit taken.