EURGBP reversed below resistance, potential for further drop! ( 5 star setup )

Price reversed nicely below our first resistance where we might see a further drop in price to our first support level.

Entry : 0.8593

Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement

Stop Loss : 0.8626

Why it's good : 50% fibonacci retracement, horizontal pullback resistance

Take Profit : 0.8525

Why it's good : horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension


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