EURGBP: Trading Plan

snapshot

what a boring price action on EURGBP.
the entire month the market is trading within a narrow trading range.

It looks like finally selling pressure is accumulating.
Most likely the pair will break below the underlined range and face with a strong zone of demand.

I will try to catch a bullish impulse around 0.85 major structure support level.
In my view, the price will retrace at least to 0.87 level.

no matter what is your execution technique, I suggest setting your stop below 0.847


Chart PatternsEURGBPForexGBPHarmonic PatternsmarketpoundshortsterlingswingtradingTrend Analysis

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