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Euro / British Pound
Short

EURGBP possible downward price action imminent

80
EURGBP is trending within a channel in an overall downtrend. Price is currently near the top of channel and based on long term trend is very likely to drop to continue the downtrend. To me this looks like a good opportunity to short EURGBP with a very reasonable 1:3 risk-reward ratio... Feel free to comment with your thoughts
awais1989
Trend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trend Analysis
awais1989

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.