EURGBP Short Trade Setup

A bearish opportunity recently presented itself on the euro-pound trading chart. This follows from the bearish harami candlestick pattern which printed just below the 0.87500 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 0.83401 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.


Rooting for you!

Your FX Plug


EURGBP
Bearish PatternsbearishsetupChart PatternsEURGBPeurgbpanalysiseurgbpforecasteurgbpselleurgbpshorteurgbpshortsetupeuropoundTechnical IndicatorsTrend Analysis

Also on:

Related publications

Disclaimer