getting to our 3rd touch. bearish pressure and price currently on our 61.8 fib level we expect a sell also with the close of the 4hr candle "a pin bar" we expect a downward move
sell on eurgbp has been going as planned respecting the highs and lows. presently now we are on another sell zone/resistance zone so we expect more bearish push to the down side
a retest and a sell of the pair, with double confluencee
after getting my confirmation and also taking tthe trade we hit our first tp, waiting for a retest to go long again
we await a proper breakout with price action to go long
a bearish engulfing candle from the 1hr tf, an evening star from the 4hr tf and apin bar from the daily tf. following mr allen our first tp would be the close support level and our sl would be 5 pips from the wick of the pin bar
A bearish engulfing candle from the major support zone, going long.