LeeThompson97

EURGBP Sell - Breakout to Monthly Support

Short
FX_IDC:EURGBP   Euro / British Pound
Price has touched the 0.8344 resistance level numerous times now. I have placed a Stop Entry Order just below the resistance level . At this entry, a breakout would be confirmed. If this happens, price should head towards the monthly support level , thus providing a good target (0.79815). I have placed a stop loss just above the resistance level at 0.8377, giving a risk/reward ratio of 3.53
Order cancelled: Trade not taken as entry was not hit