Break of Previous Resistance
Rules of Engagement met - Enter trade.
SL at previous low plus 10p (81p)
T1 = R1 (81p)
At fib 141 zone, If momo is still strong, re-evaluate
Then build case to let it run without target.
(Check news events and structure to confirm high probability that this pair still has move upside left.)
and move to breakeven at T1.
Exit trade when close below MA26 on 1H.
Rules of Engagement met - Enter trade.
SL at previous low plus 10p (81p)
T1 = R1 (81p)
At fib 141 zone, If momo is still strong, re-evaluate
Then build case to let it run without target.
(Check news events and structure to confirm high probability that this pair still has move upside left.)
and move to breakeven at T1.
Exit trade when close below MA26 on 1H.
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The Bears have spoken.