The Price is in a down trend on the daily chart. It is in a consolidation area and reached the daily trend line and reversed down. On the hourly chart it broke the up trend and testing the resistance. A close under /1.90000/ is a short trade for me.
1st target area is /1.88600/
2nd target area is /1.8700/
Stop loss above /1.93000/
1st target area is /1.88600/
2nd target area is /1.8700/
Stop loss above /1.93000/
Trade active
Note
Note
The price went up strong after a positive news on the GBP. I'm still on the trade short. I'm not going long til a close about 1.92000/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.