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UnknownUnicorn11814166
Feb 1, 2021 8:13 AM

473 pips, 3.93 R short trade on EURGBP Short

Euro Fx/British PoundFXCM

Description

Hello traders,

this is the trade I am taking right now.

On the Weekly we are clearly in down trend, price has been pushed to the downside, broke the support.

On the Daily, we can see the price to retest previous support line, now resistance with huge rejection-wicks.

This is a great opportunity for trade with high RRR. SL is set above structure,
TP is on 0.83544 which is a weekly key level. I will monitor price around area Daily support line on 0.86700 and see how it goes.

Best of luck

J
Comments
Dave-FX-Hunter
Thanks for your insight
UnknownUnicorn11814166
@Dave-FX-Hunter my pleasure
TheSignalyst
Good job mate
UnknownUnicorn11814166
@TheSignalyst thanks bud
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