EURGBP friday movement contains nice bullish engulfing bar near the historical support area. On weekly chart we can also see a pin bar which can be a trend reversal sign. It is a countertrend prediction but I believe this one is strong.
Comments
PriceActionTrading
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Hi there, regarding this. I am actually looking to sell EURGBP @ 0.7840 despite the bullish engulfing bar, depending on how the next H4 close. I believe the bullish engulfing is simply just a retracement.
However, with the recent weakening of EUR and GBP i really have no clue where this pair is deciding to go.
My trade : sell @ 0.784 SL 0.787 TP 0.776.
The_Good_Trader
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Thanks for the opinion. Actually mine is a bit risky I know. Maybe I can close it earlier.
However, with the recent weakening of EUR and GBP i really have no clue where this pair is deciding to go.
My trade : sell @ 0.784 SL 0.787 TP 0.776.