EURGBP Trade Plan for Midterm Traders
We have a short setup EURGBP and it is running.
We prepared a trading plan for Midterm Traders with good risk/reward ratio.
Our Stop Loss is 0.89100 ( 45 Pips )
Indicators: EMA 50 and EMA 100, Murrey Math
Patterns: Channel Breakout
As you will see on the H4 Chart, the pair is likely to retest 0.88500.
0.88200 will be the target of the pair after the breakout of 0.88500 resistance.
We will close 50% of the short positions, and move our SL to entry.
If the price breaks below the trend line – Fundamentally and Technically 85% Possibility – add Short Positions with the target 0.87900.
Break below 0.87900 would be the confirmation of 0.87400 and 0.87200.
This is our roadmap of EURGBP trading as long as the price remains below 0.89100.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.