EURGBP SHORT ANALYSIS IDEA!!
Good Evening Traders,
EURGBP is in a BEARISH Environment. However, there is a support area (GREEN ZONE) where i want it to break out of and comes back for a RE-TEST to ESTABLISH new formed RESISTANCE before going down towards SUPPORT ZONE.
I wouldn't hop in just yet because there is no MOMENTUM, so i will PATIENTLY WAIT for LONDON SESSION.
HOW TO ENTER
Wait for a BREAK and RE-TEST of the RESISTANCE before SELLING.
STOPS should be above PREVIOUS HIGHS and TAKE PROFIT should be around the GREEN ZONE (SUPPORT).
Trade During LONDON SESSION because there will be enough MOMENTUM to move PRICE
If this Analysis Makes sense or Matches with yours, please hit the thumbs up Icon :)
EURGBP is in a BEARISH Environment. However, there is a support area (GREEN ZONE) where i want it to break out of and comes back for a RE-TEST to ESTABLISH new formed RESISTANCE before going down towards SUPPORT ZONE.
I wouldn't hop in just yet because there is no MOMENTUM, so i will PATIENTLY WAIT for LONDON SESSION.
HOW TO ENTER
Wait for a BREAK and RE-TEST of the RESISTANCE before SELLING.
STOPS should be above PREVIOUS HIGHS and TAKE PROFIT should be around the GREEN ZONE (SUPPORT).
Trade During LONDON SESSION because there will be enough MOMENTUM to move PRICE
If this Analysis Makes sense or Matches with yours, please hit the thumbs up Icon :)
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