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ForecastCity_ME
Jul 20, 2020 5:26 PM

Don't miss the great sell opportunity in EURGBP Short

Euro Fx/British PoundFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9095). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 0.9030
TP2= @ 0.9006
TP3= @ 0.8970
TP4= @ 0.8940

SL: Break Above R2

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Comments
Pro_Trader_007
Its perfect analysis Coach.
ForecastCity_ME
@Pro_Trader_007, Thanks 😊 🍀
sara-kian-fx
Excellent! as always!
ForecastCity_ME
@sara-kian-fx, Thanks for your comment 🍀
Mehmetozdemi
Thanks... I will keep an eye on this...
ForecastCity_ME
@Mehmetozdemi, Hope you enjoy it
Shiva_forex
Nice chart. Thanks
ForecastCity_ME
@Shiva_forex,
You're welcome!
maayazal
.9030 when it will come.. i want a fix time. Pls reply
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