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luckyali1
Aug 3, 2021 2:22 PM

Long EURGBP for short Term Long

Euro Fx/British PoundFXCM

Description

The EURGBP has nicely crossed the 100MA on the 1H timeframe. retraced back for a re-test and is bouncing back to the upside again. I am getting long from 0.8535 and will scale out at 0.86 and 0.865 and may be onward as well. SL is put slightly below the Weekly low.

Trade closed: stop reached

Stoped out earlier with minor losses but I do expect a rebound any time soon.
Comments
catchmoney1m
It seems to be a swing ?
luckyali1
@catchmoney1m, for me I would take a swing trade. currently it is moving south but once it closes the daily candle above 0.8535 I will put my long calls.
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