A high risk reward is offered to us on a bearish pair (because gbp is) by technicals (horizontal & diagonal supports).
+ ~38.2% retrace + typical ABC correction:

Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
SL ~1.2445.
+ ~38.2% retrace + typical ABC correction:
Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
SL ~1.2445.
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