Sell opportunity on EURGBP. Supply zone is clearer on 5min chart.
Sell order when price reaches 0.70650 with stops above 0.70705.
Initial targets at 0.70453 but will adjust to opposing demand zones once price reaches the supply zone.
Price fell away sharply and has not revisited this level indicated a strong supply zone.
Likely to be more sell orders pending at 1.53780.
Initial targets set at approx 2:1 but will adjust depending on how price arrives at the supply zone.
Still quite a distance away but appears to be a strong supply zone. Price has not re-tested this area and will look for a short position if/when prices comes back to this level. Depending on how prices arrives will adjust take profit levels (assuming trade is still valid and meets minimum risk to reward).