Sterling has come under pressure overnight and through the European trading sessions.
Cable has made a nice push lower and I am looking to enter short on a pull back to the averages and Fibonacci levels as shown below.
Chart and Levels below.
1st Entry: 1.6410
2nd Entry 1.6430
Averaged Entry: 1.6420
Stop Loss: 1.6470
1st Target: 1.6240
2nd Target: 1.6070
3rd Target: 1.5800
I will be risking 1% of my account as always.
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