EURGBP: Short Trade from Resistance
Euro Fx/British Pound FX:EURGBP
What do you think about such a short trade? The idea is simple! If the price tries to test the resistance zone one more time, the reversal signal will be used for opening short trades. The daily chart looks bearish and the short positions will be opened in the direction of the higher timeframe. It will be great!
Estimates entry and exit points:
Short below 0.92750
Stop above 0.93250
Profit Target at 0.90525
Risk per trade should be no more than 2% of the capital.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov