Eurgbpshort
EURGBP - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bearish market pressure..
4 HOUR
Overall bearish waving market structure, good short entries!
DAILY
Pullback in a midterm downtrend.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.89480
SL @ 0.89920
TP @ 0.88820
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EUR/GBP Technical Analysis
The counter has been in a steady decline for the last 3 months.
Now, it has hit a strong support level which could trigger some profit booking.
Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
Hence, we expect the pair to be bullish in the short-term.