500 pips on EURGBP

Euro Fx/British PoundFXCM

Description

⋅ Jan 28, 2021 4:30 PM

Hello traders,

here is my view on EURGBP pair.

After range bounding for a long period of time price finally broke the Weekly key level. What can we expect now is to wait for the pullback to support line 0.88746 and enter for the short trade placing our TP at 0.83477 which is approximately 500 pips away. Definitely worth keeping eye on this pair!

Don't forget to leave like and comment.

Have a wonderful day

J.

Comments

Dave-FX-Hunter

⋅ Jan 30, 2021 1:50 PM

Interesting view

UnknownUnicorn11814166

⋅ Jan 30, 2021 2:23 PM

@Dave-FX-Hunter, Thanks for your comment, Dave. What are your thoughts on this pair?

Donajor8

⋅ Jan 30, 2021 7:29 PM

Nice I was in this from the top I’d left it’s too slow in pip but great assessment

UnknownUnicorn11814166

⋅ Jan 30, 2021 7:30 PM

@Donajor8, Thanks for you insight!

FXtrades-gp

⋅ Jan 30, 2021 5:24 PM

Really interesting view , and look how the ema is clearly giving us a possible market reversal sign! Well done 👌👌

UnknownUnicorn11814166

⋅ Jan 30, 2021 7:29 PM

@FXtrades-gp, Thanks buddy! Yeah, let's see how price is going to react around that level.