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tpick74
Aug 8, 2015 12:36 AM

EURGBP Structure play? Short

Euro Fx/British PoundFXCM

Description

The EURGBP pair is a pair that tends to respect structure a lot and the pair might be at a good place to look to be getting short. If you trade off of structure then this is a good spot to be looking for a reversal, low risk to reward and the pair is in a long trend on the hourly but is still short on the higher time frame. I would be looking for a double top and if that happens on monday and still presents a good risk to reward, it might be a good pair to look to be getting short on for at least small profit targets.
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