Play a short term long but short trade still in play
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EURGBP has built a base at the 0.91 level and sustained above it. Time for a short term long play but keep the short trade on hand. Support becomes resistance so wait for a retracement to around the 0.91 level and take a long position as marketkolor.com suggests. Ride the long but watch it closely and get ready to go short when the time is right. Short still in play as marketkolor.com is also showing a down trend in the medium term SMA but let’s time it correctly!
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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.