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sharaafatm
Aug 2, 2020 7:27 PM

EURGBP Short On Pullback Short

Euro Fx/British PoundFXCM

Description

EURGBP appears to have broken through a strong supportive trendline with a very powerful bearish movement, indicating that we may see price drive itself further downwards. Ideally, bears should wait for a pullback to the supportive trendline and look for bearish pressure there to go short. Ensure that you use proper risk management and first wait for a valid entry to present itself.

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Comments
InkyGrip
Great analysis!
sharaafatm
@plancton0618, Thank you for your kind words!
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