EURGBP: Potential Trend-Following Setup 🇪🇺🇬🇧
Updated
Hey traders,
This morning with my students we discussed a shorting opportunity on EURGBP.
The pair is trading in a downtrend.
Retracing from 0.842 level, the price reached 0.8465 strong resistance cluster.
On that, the pair formed a horizontal trading range.
To catch a trend-following move wait for a bearish breakout of the support of the range.
You need at least hourly candle close below.
Then short aggressively or on a retest with your first goal being 0.843 level.
In case of a bullish breakout of the range, the setup will be invalid though.
❤️Please, support this idea with like and comment!❤️
Note
Watch my new video on GBPUSD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.