We should expect the price to drop to around 0.85300 considering the price breaking below a strong resistance level in confluence with a breakout of an ascending channel.
We would closely wait for this market to pull back into our marked-out area on the 4hrs timeframe and wait for a bearish candle close to ride this bearish market 200+ pips to 0.85300.
It's is a trade of 1:3 Risk: Reward ratio.
We would also be aware of any high-impact news this week on the GBP or EUR pair or next week.
We would closely wait for this market to pull back into our marked-out area on the 4hrs timeframe and wait for a bearish candle close to ride this bearish market 200+ pips to 0.85300.
It's is a trade of 1:3 Risk: Reward ratio.
We would also be aware of any high-impact news this week on the GBP or EUR pair or next week.