EURGBP POTENTIAL SHORT OPPORTUNITY
Updated
Hello Everyone!
How are you all?
EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure and it has approached the value area.
Game Plan:
If the price makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure and it has approached the value area.
Game Plan:
If the price makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
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