GJ short
Gj on the daily time frame has come and rejected the 0.618 retracement level showing a big rejection from yesterdays candle stick
4 hour time frame we have failed to create a new higher high
1 hour time have respected the counter trend line
failed to create new higher high
if we can break previous support @130.500 which has acted as support if market can break that level
and retest confirming market is ready to continue to the down side
Potential 1:5 RR
although GBP news is schedule tonight @1030pm EST
Gj on the daily time frame has come and rejected the 0.618 retracement level showing a big rejection from yesterdays candle stick
4 hour time frame we have failed to create a new higher high
1 hour time have respected the counter trend line
failed to create new higher high
if we can break previous support @130.500 which has acted as support if market can break that level
and retest confirming market is ready to continue to the down side
Potential 1:5 RR
although GBP news is schedule tonight @1030pm EST