Possible 300 pip move after confirmation
My past EURGBP analysis didn't play out as planned, looking at the daily I see why. The market wasn't ready to go short yet and still isn't. I am going to be waiting for a daily choch to the downside as my confirmation. If I get con formation I will then go to lower timeframes to get a refined entry. For now I'm leaving EURGBP. Also I'll keeping an eye on fundamentals assessing if they align with technical. We have GBP interest rate next week so keep an eye on that.
Note
We have EUR interest rate decision tomorrow. If price goes above the 1 on my fib then the trade is invalidOrder cancelled
Price invalidated the Zone never got the choch for confirmation so didnt enter
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.