EURGBP Short Breakout strategy!

29. Jan. 2019

Hello traders! This strategy is more based on the Fundamental point of view. In the last few days the EURGBP went bearish and the price broken bellow the Support level that has been created in the 8th of December 2017. Then it had a little bounce from the lowest price level in the last year and a half. In the last few days the Brexit has really strengthened the GBP. If this trend, will continue the price might breakthrough the lowest previous level. And with that breakthrough there is plenty of space for the price to fall. I would suggest placing the stop above the 0.8689 level, which is the Support level that the price has recently broken and your limit above the 0.8304 level, which is the last support level in the last one and a half years. Good luck with your trading :) .