Honestcowboy

EURGBP Tension at top of range.

Short
Honestcowboy Aggiornato   
FOREXCOM:EURGBP   Euro / Sterlina
The EURGBP pair is showing indecision at the top of the range but given the very long term trendline (purple) close to top I see price will go back down. Stop right above previous high in a safe area, this is the moment I would call the range to have transformed into a breakout. TP close to bottom of the range with 1:2 risk to reward.
Trade chiuso: stop raggiunto:
Mistake was shorting the range tops while it might be better in this situation to long the range bottoms due to all the support that is there to push price higher.

✅ Learn how I trade as a FUND MANAGER with my private indicators here.

Website —> honestalgo.com
Website —> honestalgo.com
Website —> honestalgo.com

FREE telegram channel —> t.me/honestalgo
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.