Pivot was broken to the downside with good momentum and 0382 fib was also rejected.
This is a quick 1:1 trading idea. I am only targeting recent open and close prices due to 4H timeframe still looking a bit bullish, but I think this has potential to go much lower. The only reason I am going with a quick in and out trade is that I am waiting for higher time frame trend confirmation for a longer term trade.
(All GBP pairs are looking bullish this week a and their quarterly charts are also showing bullish confluences. I am also looking at other GBP pairs today to see if they offer any decent entries.
This is a quick 1:1 trading idea. I am only targeting recent open and close prices due to 4H timeframe still looking a bit bullish, but I think this has potential to go much lower. The only reason I am going with a quick in and out trade is that I am waiting for higher time frame trend confirmation for a longer term trade.
(All GBP pairs are looking bullish this week a and their quarterly charts are also showing bullish confluences. I am also looking at other GBP pairs today to see if they offer any decent entries.