Signal: EURGBP (1H), SHORT 📉

Good afternoon, traders! We got a projection for you. Let's get right into it:

We will be entering this trade, only if we see a nice, clean streak of green candles, going all the way back to the EP.

💱 SELL LIMIT:
- Stop Loss (SL) = ~0.85828
- Entry Point (EP) = ~0.85631
- Take Profit (TP) = ~0.85346

Positive evidence:
✔️ Breakout @ ~0.85631 (at a significant S&R zone).
✔️ Retracement @ ~0.85346 (at a significant S&R zone).
✔️ EMA (50) @ above candlesticks; between EP & SL.
✔️ EMA (200) @ above EMA (50).
✔️ Clean streak of red candles, going all the way down to the point of retracement (with the exception of one green).

Negatives:
❌ No overall downtrend.

In our opinion, the positives are greater than the negatives. Remember: if, at any point before price hits the EP (1H timeframe), we see a decent-sized red candle form, this projection is no longer valid.

Did this help you? Please let us know, in the comment section, so that we can provide you with better tips, in the future.

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