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EURGBP H4: +80/+160 pips BEST Level to SHORT IT TP (SWING/NEW)

Short
FX:EURGBP   Euro / British Pound
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EURGBP H4: +80/+160 pips BEST Level to SHORT IT TP (SWING/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.


🔸 Summary and potential trade setup
::: EURGBP 4hours/candle chart review
::: TP1 +80 pips TP2 +160 pips
::: focus on shorting rips/rallies
::: setup still valid / good progress
::: 8650 HEAVY OVERHEAD RESISSTANCE
::: still trading inside range since MARCH 2021
::: price contained within the range
::: short-term more gains likely
::: re-test of key S/R at 8650 incoming
::: BEARS should focus on shorting from overhead
::: SHORT/HOLD 8650 swing trade
::: best ENTRY near 8650 later
::: SHORT/HOLD and get paid (SWING)
::: BEARS will target re-test 8480
::: recommended strategy: SHORT/HOLD 8650
::: TP BEARS is TP1 +80 pips TP2 +160 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 8480 fresh demand zone
::: 8650 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/FINAL PUSH
::: Sentiment outlook mid-term: BEARS/REVERSAL

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Always limit your leverage and use tight stop loss.

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