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Eurgbpoutlook

eurgbppotential nice set up for a Quick scalping rejection 10-30 pips seems like a decent scalp set up.. remember this is for educational and demo purposes please feel free to drop any questions comments or anything regarding my analysis!! i beleive as a community we can all do better to help one another grow! information is shared for educational and demo purposes only, if you decide to trade in the financial markets please use proper risk management and NEVER trade in with money you cant afford to loose 100% off!
Short
by therealbinarymaster
EURGBP | Steep Downtrend. Go Short!When it comes to the technical analysis of  EURGBP , considering the current market structure, this currency pair is still in downtrend. On chart, we can clearly see the steep downtrend and price also managed to break the previous support area S1. That means price is likely to continue moving downwards. So the best approach would be to wait until the price tests the S1trend line. If you find a strong rejection with bear candles, go short. Targets T1 & T2 are marked on the chart. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by FX-Storm2022