Currency Pair: EUR.GBP Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short
Live EUR.GBP updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
Comment
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This trade setup is still valid should a pullback occur. Should price break and close below .8785 then the overall setup would be re-evaluated.
0.8760 is very close and should be no problem to hit it. my target is 0.8400-0.8350 in longer term. What do you think?
UnknownUnicorn180388
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@Martinezzz, If you are swing trading the position and have wide stops then certainly possible, however from a day trading perspective i would wait for a break and close below .8760 given the support.
Martinezzz
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@tomhall, I'm short from 0.8910 and have SL at BE so I'm safe and wait what's going to happen:)