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EURGBP Trade Plan for Midterm Traders

EURGBP Trade Plan for Midterm Traders

We have a short setup EURGBP and it is running.

EURGBP Short Opportunity Trade Setup

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.

 

 

 

CHARTREADERPRO INTRADAY SIGNALS
EURGBP Trade Plan: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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