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RCP
Sep 22, 2015 7:11 AM

EURGBP: Break and Ready to Sell Short

Euro Fx/British PoundFXCM

Description

Sooo, we have a very nice breakout on FX:EURGBP after a long term retests of the structure level @0.7240. As we see price has broken the structure and it is more likely to retest it and then fall down. And there is a good opportunity to sell at this level. I assume price will reverse somewhere in red zone and our targets will be somewhere in 0.7176-0.7146.
So keep an eye on this reversal zone.
Avto_T
Green Luck
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