EURGBP - SELL ROAD MAP! EURGBP SELL SET UP -
EG has been on a huge bullish move since May with no sign of slow down.
Now the market is reaching a v ery strong resistance zone that has in the past held up very well and pushed the market down.
Sell zone is 20 pips , so within that zone looking for possibles wicks entering that zone.
Followed by a rejection in that zone. If the candle continues further into that zone. We will be looking for a potential slow down of the candle.
Or the next bearish candle formation to indicate for the sell to begin.
TP 1 - 110 pips
TP 2 - 230 pips
TP 3 - 330 pips
TP 4 - 450 pips.
I don't normally have a TP4 in place. But due to rejection in the past, the market has found support there. To be safe i have placed TP4.
Long term trade - 560 pips
Blue support trend line is daily.
