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Mar 3, 2021 1:13 PM

EURGBP - False Breakout & Continuation (⏬ Short) Short

Euro Fx/British PoundFXCM

Description

Hi Traders

I think I have spotted a false breakout on EURGBP. Therefor I am expecting further continuation to the downside. This trade comes with a very attractive 1:3 RR.

From this point I am awaiting a clear push below the support zone. If this happens I will sell on the re-test of the zone. Stop Loss goes to breakeven once price hits 1R.

Let me know what you think in the comments below Good luck guys!
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