EURGBP Breakout and Midterm Trading Strategy
EURGBP Midterm Trade Strategy
We have entered a short trade and it is running as predicted.
As seen on the chart, following the short-term support, the trendline is broken as well.
The main support is 0.87400.
On the fundamentals side, GBP is much stronger than EUR.
Currently, the pair is trading at 0.87782. We may see some correction of 10-15 pips.
Those levels can be used as adding short orders with the target 0.87400.
If the price breaks below the 0.87400 support, we will add short orders targeting 0.86900 and 0.86700. We will follow the fractal peeks line and MM levels.
We have entered a short trade and it is running as predicted.
As seen on the chart, following the short-term support, the trendline is broken as well.
The main support is 0.87400.
On the fundamentals side, GBP is much stronger than EUR.
Currently, the pair is trading at 0.87782. We may see some correction of 10-15 pips.
Those levels can be used as adding short orders with the target 0.87400.
If the price breaks below the 0.87400 support, we will add short orders targeting 0.86900 and 0.86700. We will follow the fractal peeks line and MM levels.
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