price has reached the strong 1.95000 level which is acting as resistance. We are starting to see exhaustion from buyers and sellers now coming into play on the 1H timeframe. On course for a 4hr bearish engulfing candle so will be looking to see how price action looks on this 4hr candle close before possible entry.
Trade closed: stop reached:
Update - We have been stopped for -75 pips from entry. The fundamental factor of UK leaving the EU today has out muscled the technical factors. Let’s see how we react next week 👍🏻