Potential SHORT position on EUR/GBP
Updated
Reasoning:
1) Waiting for the pair to move a little higher till it retests the still fresh supply zone
2) Wait for a bearish signal and enter the short side
3) TP target of around 200 pips (set at confluence between past support pivot + 78.6 Fib level + fresh demand zone)
4) Bearish RSI Divergence which is why I think the pair will be moving downwards really soon
1) Waiting for the pair to move a little higher till it retests the still fresh supply zone
2) Wait for a bearish signal and enter the short side
3) TP target of around 200 pips (set at confluence between past support pivot + 78.6 Fib level + fresh demand zone)
4) Bearish RSI Divergence which is why I think the pair will be moving downwards really soon
Trade closed manually
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