On the EURGBP I am looking for a short entry. It has been going up a lot lately. Too much in my opinion. What this usually means is that price will retrace a a bit to regain some power. Reasons for my short entry:
Previous support & resistance
Completed AB=CD pattern (see below in comments)
161.8 fib extension of the recent swing (see below in comments)
127.2 fib extension of the recent swing (see below in comments)
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