Price has tested yesterday's low at 2.2544. If price breaks this level after a consolidation, it may continue going down. The first target is previous low around 2.2430. Other GBP and EUR cross pair with AUD and NZD have similar patterns, but it may be hard to find appropriate entries.
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Short position was opened. I would move SL to BE when price reaches 2.2495.
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SL should have been moved to BE, we have no risk in this trade. If we are lucky the price will reach the target, but if not and price gives reversal pattern on M5 or M15 time frame, we will close the position with small profit.
SL should have been moved to BE, we have no risk in this trade. If we are lucky the price will reach the target, but if not and price gives reversal pattern on M5 or M15 time frame, we will close the position with small profit.