EURGBP Short
Timeframe: 4H
BRC of a bullish TL, this retest correlates with the willis zone on a bearish fib.
Also has a BRC of the 200 MA, although this didn't factor into the analysis and setup.
SL placed above the 78.6 fib level and above a broken support that should act as resistance.
TP placed for good RR.
This pair is bearish on higher timeframes, which could suggest a far downward move, could adjust TP to ride this down longer.
BRC of a bullish TL, this retest correlates with the willis zone on a bearish fib.
Also has a BRC of the 200 MA, although this didn't factor into the analysis and setup.
SL placed above the 78.6 fib level and above a broken support that should act as resistance.
TP placed for good RR.
This pair is bearish on higher timeframes, which could suggest a far downward move, could adjust TP to ride this down longer.
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