EURGBP Short Setup; Short on break 0.87475
Selling EURGBP on break of 0.87475 (watching PA on 1h and 4H)
Upside gained quite some momentum on Friday; however, it is unlikely to last long.
0.87475 is an important level; use indicators and watch PA closely as it PULLS BACK, likely to break the level during the first London session next week.
Aggressive trade: sell a few hours into market open.
Target: 0.86550.
Upside gained quite some momentum on Friday; however, it is unlikely to last long.
0.87475 is an important level; use indicators and watch PA closely as it PULLS BACK, likely to break the level during the first London session next week.
Aggressive trade: sell a few hours into market open.
Target: 0.86550.
Note
Closing half the positions, ~50pips; if taken the aggressive trade.Note
Moving SP to 8750
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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.