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Krystiannwk

EURGBP Still bearish trading in channel

Short
Euro / British Pound (FX_IDC:EURGBP)  
Krystiannwk  
FX_IDC:EURGBP   Euro / British Pound
Trend Analysis Harmonic Patterns Chart Patterns EURGBP gap Parallel Channel 200 short
2
0
trendanalysis harmonicpatterns chartpattern eurgbp gap parallelchannel 200 short
EURGBP is trading in channel(two lime lines). I marked two GAP's which are playing important role on the chart green one is based on Daily chart and blue one is based on weekly chart. Yellow circle highlighted strong pull-back after pair reached this strong support/resistance area.

I set SL above weekly GAP and TP around 8300 which gives are quite good risk reward ratio.

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