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FX618Analysis

EURGBP: SHORT SWING TRADE. TARGET: 0.80000 !

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Euro / Paun British (FX:EURGBP)  
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FX:EURGBP   Euro / Paun British
Trend Analysis Chart Patterns Technical Indicators EURGBP euro GBP short swingtrade Weekly Charts support Parallel Channel
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trendanalysis chartpattern indicator eurgbp euro gbp short swingtrade weekly support parallelchannel
Price broke the main 0.83000 support on weekly timeframe. This break suggests that the price is ready to head down towards the next psychological support present at 0.8000 guided by the falling channel. Have a look at the main weekly chart for more observant information. Below are the trade details instructions:

TRADE TYPE: SHORT SWING TRADE
ENTRY: 0.83000 OR ABOVE FOR THE RR TO REMAIN 1:1
STOP LOSS: 0.85500
TAKE PROFIT: 0.80000

Follow this thread for any future updates regarding this specific trade. Cheers
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