EURGBP: Resisted by Waning Momentum

EURGBP
Timeframe: H4
Direction: Short

Confluences for Trade:
- Waning strength in bullish rally
- Price at Horizontal Resistance
- Likely to Breaking S/T Trendline
- Stochastic Overbought momentum
- Fundamentally, both nations have internal issues that have yet to be solved, it really depends on timing on the events release; do note that EU will comment on Italy's budget tomorrow

Suggested Trade:
Entry @ Area of Interest 0.8890 - 0.8930
SL: 0.8969
TP: 0.8767
RR: Approx. 2.16 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade ist aktiv

Kommentar:

Lock in half profits and move SL to BE.

Run remaining position totally risk free.

Trade geschlossen: Stop wurde erreicht:

Clsoed at BE levels. Nothing risked.