PriceActionTrading

RETRACEMENT EURGBP

Short
FX:EURGBP   Euro / British Pound
Look towards selling EURGBP now or at 0.7807. price is retracing towards former support turned resistance which has been tested to be a resistance level . stop out your position only if price closes above 0.785 at the H4 chart. profit target are 0.7744. Look to close out half at profit target and other half as long as possible.
if price close above 0.7844 that would signify further short term upwards push.

Related Ideas