Euro / British Pound
Short
Updated

Expecting price to continue trending downwards to major support

925
Entry: 0.86030
TP1: 0.8383
TP2: 0.82
SL: 0.865
There is a good chance price will reverse the medium-term uptrend from this current level and continue the long-term downtrend to our institutional support level around 0.82. Daily RSI well overbought, arrived at weekly 200 moving average, arrived at major resistance level, retesting long-term down trending line level.
Trade active
Trade Active
Trade active
Trade Active
Trade active
Trade Active
Trade active
Trade Active
Trade active
TP1 Hit, price still looks good to fall to 0.82 levels
Trade closed: target reached
Closing this trade a bit early

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