GBPUSD_ Reaching Major Structure LevelThe market reacted after Britain PM Theresa May confirmed article 50 will be triggered at the end of march 2017 which cased pound depreciation in the open of the market to day , nevertheless potential long position could be executed based on technical analysis mentioned in the chart , as may be short trend would be expected base on uncertainty of the trading between EU union and Britain.
Strcuture
EURGBP Short - Structure TradeEURGBP price action has hit its highest level since 2013 and now is going through a significant retracement. Would be looking for a retracement ideally to the 886 level where price action has found support previously. But also watching for any reasons for entry at the 786 level.
EURGBP ( CYPHER + STRUCTURE) ( Spreadsheet attached )Hey traders! After the loss in EG I have decided to hit long with this cypher, a more like revenge trade. Price action resting on previously structure support zone and respect and closed above and also broke the channel. RSI is extremely oversold and I am expecting a small rally from there, putting my stops @ 1.13 and targets are given on the screen.
Look at the Jan trades I have given in a spreadsheet.
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