Range bound based short set up on EUR/GBP
EUR/GBP has been in a range since March 2015. Another retest of ~0.7400 at the top of the range and a high test close with oscillator bearish divergence offers a short position in the ranging pattern possibly reaching the bottom of the range at ~0.7000.
entry - below low of high test bar
stop loss - above high of high test bar
target - bottom of the range/support at ~0.7000
entry - below low of high test bar
stop loss - above high of high test bar
target - bottom of the range/support at ~0.7000
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