Trade Alert
This is a short-term idea.
Finally, the range has been broken to the downside and the pair already has made a re-test of the lower side of it from underneath. The pair failed to get back inside the range, so this makes us believe we could see some more downside.
The only problem here is the EURGBP itself, as the pair likes to surprise traders and it is very difficult sometimes to guess it right with this one. And yes, the word "guess" here is more than appropriate. Let's not forget that we have huge developments in the British political life this week, especially on Tuesday.
So if you are trading this pair and let's say you are in profit, small suggestion is to place your SL at break even as soon as you can. Or at least have it at a level, which is comfortable for you.
Stay safe.
This is a short-term idea.
Finally, the range has been broken to the downside and the pair already has made a re-test of the lower side of it from underneath. The pair failed to get back inside the range, so this makes us believe we could see some more downside.
The only problem here is the EURGBP itself, as the pair likes to surprise traders and it is very difficult sometimes to guess it right with this one. And yes, the word "guess" here is more than appropriate. Let's not forget that we have huge developments in the British political life this week, especially on Tuesday.
So if you are trading this pair and let's say you are in profit, small suggestion is to place your SL at break even as soon as you can. Or at least have it at a level, which is comfortable for you.
Stay safe.