TheSignalyst

EURGBP - My Trading Plan - Update

Short
FX:EURGBP   Euro / British Pound
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

EURGBP is overall bearish trading inside the blue channel.

As per my last idea, were waiting for EURGBP to approach one of our purple zones to look for setups.

Now, EURGBP is approaching the upper purple zone.

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. (acting as non-horizontal resistance)

Thus, we will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
https://www.RichTL.com

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