EURGBP potential SELL
It is possible that EURGBP will continue its H4 downtrend to the lower support zone (around 0.888). The market is making lower highs and lower lows which is by definition a downtrend. A medium-to-large sized bearish candle closing below 0.89377 will be the signal to place a SELL on this currency pair with a stop loss placed just above the previous high (SL = 0.89718). As always, MANAGE YOUR RISK!! Control your lot size so a stop loss hit will only depreciate your total account size by 1%. Follow me to receive my notifications! Have a good weekend!
Order cancelled
No signal of a close below 0.89377 and therefore no trades were taken. This is why we wait for price action.
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