VasilyTrader

EURGBP: Preparing For a Bearish Move 🇪🇺🇬🇧

Short
OANDA:EURGBP   Euro / British Pound

Very important thing happened on EURGBP last week.
The price broke a year's low and set a new one confirming the predominance of bears.

After a retracement, the price is stuck within a peculiar daily supply area:
0.85 - 0.852 is our potential sell zone.

To sell with a confirmation, watch a horizontal decision range on 1H.
You need the breakout of its support (at least 1H candle close below) as your trigger to sell.

Intraday goals will be:
0.848
0.846

In case of a bullish breakout of the range,
the setup will be invalid.

❤️Please, support this idea with a like and comment!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.