Euro / SterlinaShort
EURGBP Short Idea
EURGBP hitting false breakout on key weekly resistance level, hedge funds open interest switching to negative on the latest weekly COT report showing increase in short positions over long positions. DMVT is moving more towards a bearish trend on the 4hr timeframe, with RSI signalling for overbought, MACD bullishness is decreasing and the stochastic indicator signalling for a bearish switch. This could be a nice chance to bag 283 pips.
Always run a stop loss and never risk more than 1% of your trading capital.
Always run a stop loss and never risk more than 1% of your trading capital.
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