Hits resistance and expectation that any follow through on the downside could move down into Thursday’s lows @ 1.9531 (not guaranteed)
Entry 1.9644 (stops 1.9661)
Partial exit 1.9611
Hopefully price remains below the 90 pip ‘spiral high’ @ 1.9630 and continues down into 90 pip lows (next exit zone)
With complete exit around Thursday lows (slightly before)
Entry 1.9644 (stops 1.9661)
Partial exit 1.9611
Hopefully price remains below the 90 pip ‘spiral high’ @ 1.9630 and continues down into 90 pip lows (next exit zone)
With complete exit around Thursday lows (slightly before)
Note: reversal has moved .43 pips which often finds support, also above the Weekly channel lows @ 1.9603 which can play a support role...hopefully it doesn't.
BoE rate decision coming out today @ 12 GMT, please keep this in mind if trading GBP today, as it will go for a ride...
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