danieljamesfx

A Nice Short Opportunity Forming for EURGBP (Daily Timeframe)

Short
FX:EURGBP   Euro / British Pound
Hi all,

Hope everyone is okay, been quiet for a while as been busy backtesting and not taking any live market trades. Been using my top-down analysis, and have seen a possible short for EURGBP . As you can see, regained strength after a sharp downfall, however it has a high possibility that it could break the trend it has made, and make a further fall to the downside. I will be waiting for price to break through this trend, and see how it acts before entering on a trade, but is something that is on my watchlist.

Let me know your guys thoughts.

*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*

Cheers Dan