EURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSIS
In this chart, im looking from 3 perspective. 1) Supply & Demand 2) Trend 3) Significant S&R Level.
SL - 20 PIP TP : RR / 60
#TAYOR
My main indication is the H4 Double top has been consume at price 0.86764. Which make the movement is bearish . From that point of view, the price respected the trend point of view. Then price doing engulfing movement which i circle in the picture. So my point of view, it's relevant to take short at PRICE : 0.85986 as its the only price that near fresh base and significant resistance level .
#EURGBP
Trade closed: target reached
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The price did follow our target, and we TP early. Hip hip Horayy ! :)