The EURGBP set up nicely as did a number of the majors today.
After rising to begin the UK session… the EURGBP made a double top and reversed lower. With a 17 pip stop loss for a potential 64 pips to our Target 2 – we entered short with a stop above the session highs. Price moved down and closed very bearishly below our Target 1. As we attempt to get to Target 2 and fall just short…we give back 11 pips in the retracement to Target 1.
Tomorrow is a very important NFP for the markets!
Good luck with your trading!
Back Tuesday if we find a trade.