EUR/GBP may go lower next week
Price filled sunday's gap and from there we got a strong impulse down.
Price also stuggled to go up from support at 0.83000.
Bulls were weak or there was low interest in buying.
This tells me that price may go down lower and at least take out week's
lows.
For entry wait for some pullback or open a small position
and add to it later. This because friday ended with
strong bearish candle and current prices doesn't give a good
R/R.
Price also stuggled to go up from support at 0.83000.
Bulls were weak or there was low interest in buying.
This tells me that price may go down lower and at least take out week's
lows.
For entry wait for some pullback or open a small position
and add to it later. This because friday ended with
strong bearish candle and current prices doesn't give a good
R/R.
Trade active
Opened 1 minilot at 0.83262. SL above day's highTrade closed manually
Trade closed. Price has reached support and it may bounce back up. May look for shorting again if price struggles to go up. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.