EURGBP Technical Overview and Short Opportunity

EURGBP Technical Overview and Short Opportunity

Published 04-06.2018

We have running short positions. If you look for a fresh short entry:

The pair could not break above 0.87500. The first target will be 0.87170 and break below 0.87170 will carry the price 0.86800 and 0.86600.

TRADE: SHORT

ENTRY: 0.87400

STOP: 0.87600 – TIGHT STOP –

TAKE PROFIT 1: 0.87200

TAKE PROFIT 2: 0.86980

TAKE PROFIT 3: 0.86650

Note:

1. You can keep this trade for midterm purposes and targets will be 0.86300 and 0.86100. The stop must be above 0.87800.
2. You can add short break below 0.87170

UPDATE: Trade reached the second target 40 pips and running

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

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