Stoic-Trader

EURGBP Strong drop, but again limited by the channel

FX:EURGBP   Euro / Livre Sterling
The downtrend carried on as predicted (see related idea) and we´re now testing the lower limits of the channel once again. Another "channel touch circle" (purple) was added to the chart.

I expect some sort of pullback (ideally above .84, at least 50% retracement), to start looking for new short opportunities in another leg down.


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