SouthAfricanSnipper

SouthAfricanSnipper

Very setup to Short. Its is still a good idea to jump in now or wait for the neckline to be breached to enter the trade.

SouthAfricanSnipper

The EU is in a good area to SHORT. As we can see on the 4hr chart the H&S is signalling a reversal that might see the price drop until 1.16400.

SouthAfricanSnipper

I think the EURGBP is Bullish... simply because the price breached that strong blue resistance. What we witnessed now was a test o that blue RESISTANCE.

SouthAfricanSnipper

GBP will be going into full lockdown on Thursday, which will obviously weaken the Sterling. This is in addition to my bias that a breach of the RED strong support is a SHORT.

SouthAfricanSnipper

This pair reached a strong resistance level. I am expecting the price to fall down to atleast 0.65895 level. Feel free to share your thoughts. Lets get those pips folks.