Fxprotrader

EURGBP Breakout Will Confirm Short Setup

FX:EURGBP   Euro Fx/British Pound
Price in EURGBP             is testing a long term key resistance level. Looking at AO we clearly see a bearish divergence which tell us that this upmove is losing steam and is about to reverse. We just have to wait for price to break the support trendline as shown in the chart and then we can sell this market.

Key Resistance Level:

snapshot


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Piet.Hein
11 months ago
Agree! Wait confirmation is also better! Im already on this one:

EURGBP Short - I
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