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Art_of_Trading
Jul 28, 2017 8:53 AM

EURGBP: Fibo 61.8% + Structure / SELL Short

Euro Fx/British PoundFXCM

Description

Very interesting moves on FX:EURGBP 1H chart. It makes lower lows every time it touched the resistance at 0.8953. The previous bar left the shadow, which indicates the bears are there to get control of the price at that key level. Plus, there is a fibonnacci 61.8% level at that reversal zone. It's a good opportunity to go short.

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