Fxprotrader
Short

EURGBP A Short Term Buy Setup And A Long Term Sell One

FX:EURGBP   Euro Fx/British Pound
As we explained in the GBPUSD             post (link below) but in this EURGBP             rally is about to end. Price is moving into a rising channel with MACD bearish divergence showing that this move is losing steam. Into the channel we have a nice buy short term setup which will be active after price breaks the small correction.

Our main trade though should be a sell when we will have a breakout below the rising channel . When price breaks watch for a sell setup and go short
Comment: Price broke above the small correction. Keep a closer eye for a buy setup now
Great and simple understanding chart
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Fxprotrader piptamil
Thank you
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mustard piptamil
...
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very good i like it
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Fxprotrader alboainain
Thank you
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This is a great chart..!
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