Euro / British PoundShort
EURGBP hitting the upper trendline
- price for this pair is moving to the upper trendline
- The trendline act as a resistance as well
- as the trendline is kind a strong resistance, I'm projecting that price will bounce back to the lower trendline
- it is a short opportunity
- however, please be aware that there is another trendline resistance at 0.9200 level
- price need to climb another 200 pips to achieve there
- if price didn't manage to break the trendline, the idea is to swing short
- but if the price break the trendline, it's a good 200 pips to collect
- if price bounce back, a sweet 3 weeks swing trade will make you a great 400 pips
- beware of fake out. just ensure that price close previous high to determine breakout
TAYOR
- The trendline act as a resistance as well
- as the trendline is kind a strong resistance, I'm projecting that price will bounce back to the lower trendline
- it is a short opportunity
- however, please be aware that there is another trendline resistance at 0.9200 level
- price need to climb another 200 pips to achieve there
- if price didn't manage to break the trendline, the idea is to swing short
- but if the price break the trendline, it's a good 200 pips to collect
- if price bounce back, a sweet 3 weeks swing trade will make you a great 400 pips
- beware of fake out. just ensure that price close previous high to determine breakout
TAYOR
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