Sell below 0.8932.
Stop loss at 0.8959.
Take profit at 0.8891.
Reason for the trading strategy (technically):
EURGBP is testing its resistance at 0.8932 (61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.88911 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop is expected.
Stop loss at 0.8959.
Take profit at 0.8891.
Reason for the trading strategy (technically):
EURGBP is testing its resistance at 0.8932 (61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.88911 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop is expected.