expertradersfx
Short

EURGBP climbdown

FX:EURGBP   Euro Fx/British Pound
EURGBP             is on very serious key support now. If 0.72200 level broke, this pair clearly will climbdown stronger to 0.71650 before bouncing back on retracement to 0.72270.

This retracement level is the most suitable level for go short again and swing down to the next target at 0.71000.

1. Break level 0.72200, it will drop down to 0.71650
2. At 0.71650, wait for price action, if retracement happen, you can counter the trend and buy up to 0.72270 and go short again at that level.
3. Swing down to 0.71000
Hey man !

It was a nice a idea.
Don't forget to clone your uptrend straight line to see the key reversal levels.

Best Regards,
Serge

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