Looks good to make the first lower low.
Read the chart for additional information.
All informations on the chart, good luck if you take it!
Many confluences around this area right now, looks very good for a short, good luck!
Are you already on this trade? Or will try to take a pullback?
I'm In with 2 sell limits risking same amount. Will it be triggered? Lets see. Take profits and Stop losses can be changed, if I do so, I will update here on the chart, so if you are going to take this trade with me, like to see the updates.
Usually I don't follow this pair, but my friend Piphunters published this setup today and I agree with him, now Im already on the trade!
As I posted before, this would be a good short opportunity, my sell limit was triggered today 0.6835 (I was updating everyday to coincide with the trendline level at daily chart ) Previous post:
My sell limit order is at 1.0823, let's see if it will be trigger.
Explanation is on the chart, but just to formalize: Nice area of confluence, there is a monthly trendline, a great support area, to reinforce the view, stochastic getting of oversold territory, great setup to buy!
EURGBP was rejected by significant trendline, good opportunity to sell.
Aussie enjoyed better than expected data ;) My sell limit was triggered at the high of the breakout candle. Previously I've posted: