The EUR/GBP D1 chart hit a key resistance level above, unable to break through, and opened lower today. After the price hit this resistance level in the past, it has formed a reversal trend.
The price drop on the H1 chart successfully broke through the lower support level, which is conducive to continuing to push the price down. At present, the SAR indicator is also formed above the price, and the distance from the price is very large, which is conducive to continuing to push the price down. The pursuit of insurance can wait for a small pullback and then go short in the market.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.