EURGBP, Short, 1:4+ available
Updated
Good morning ladies & gents,
Hope you're all having a good Friday morning.
A sell structure has presented itself on EURGBP. After a relentless move to the upside all week from the rejection of the Weekly Bullish Orderblock, we can anticipate a move down to the area indicated below prior to a continuation to the upside.
In light of this, the M15 chart shows a break in the bullish market structure.
There's an entry available where price is currently at, and also a secondary entry available in the zone indicated in white.
Stop loss should be placed above the structure for safety. It's unlikely they'll reach into that area as all the higher level buyers are trapped in their positions up there.
Looking to short down to 0.85660
Good luck!
Hope you're all having a good Friday morning.
A sell structure has presented itself on EURGBP. After a relentless move to the upside all week from the rejection of the Weekly Bullish Orderblock, we can anticipate a move down to the area indicated below prior to a continuation to the upside.
In light of this, the M15 chart shows a break in the bullish market structure.
There's an entry available where price is currently at, and also a secondary entry available in the zone indicated in white.
Stop loss should be placed above the structure for safety. It's unlikely they'll reach into that area as all the higher level buyers are trapped in their positions up there.
Looking to short down to 0.85660
Good luck!
Trade closed: stop reached
Closed @ Breakeven.
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