EURGBP - SHORT SETTUP!!!EURGPB now trading on strong resistance level.
Back to last two months EURGBP was strongly bearish!
Since early April the price was trading on rectangle channel between 0.885 and 0.87 level.
And since May 10, 2020 the price was rally to the 0.885 and got rejected.
I think this is the potential short trade one.
We could trade with low risk!!!
And maybe this is the last rally and the price continue to drop again.
Also on my DTF strategy with DTosc on daily and hourly charts the momentum of hourly was being on the OB zone.
We can execute the trade following the bearish momentum reversal on hourly chart with minimum capital exposure!!!
The level that we have to watch are 0.876 and then 0.87.
Good luck all!
Please share your view with me, Thanks.
