EURGBP Nice and simple trade!!
Hi traders,
Here we have a nice and very simple setup on EURGBP pair. This pair has recently created an excellent double top formation while RSI being overbought position and we have a nice bearish engulfing candle straight after the double top which suggests a reversal.
I have gone short on this one and I've marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Here we have a nice and very simple setup on EURGBP pair. This pair has recently created an excellent double top formation while RSI being overbought position and we have a nice bearish engulfing candle straight after the double top which suggests a reversal.
I have gone short on this one and I've marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.