EURGBP RR4.6 SHORT
Hello,
Lets look at EURGBP this time.
Why?
0.925 was reached once last year in October 2016. The one before was back in September 2009. 0.925 - 93 is a significant level.
Fundamentally, EURGBP could go higher, but since it has had a 900+pips move since April 2017 from 0.83117 to 0.9299, i think it is time to retrace
Target?
Lets target fibo 61.8% -0.89 level before deciding the next move. (300pips)
happy trading!
Lets look at EURGBP this time.
Why?
0.925 was reached once last year in October 2016. The one before was back in September 2009. 0.925 - 93 is a significant level.
Fundamentally, EURGBP could go higher, but since it has had a 900+pips move since April 2017 from 0.83117 to 0.9299, i think it is time to retrace
Target?
Lets target fibo 61.8% -0.89 level before deciding the next move. (300pips)
happy trading!
Trade active
watching closelyTrade active
Trade closed: target reached
three weeks of waiting 400 pips in the bag. not bad
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.
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.