Hello Traders,
The amazing run of EURGBP will soon be reaching a key area. 2013 high around 0.8800. I believe the current level has still room to go. Look at the daily candle. looks like there are no sellers at all. The key area around 0.8790 will be good place to short which is the confluence of 1.618 EXT and monthly resistance zone.
Monthly Chart:
Good Luck!
The amazing run of EURGBP will soon be reaching a key area. 2013 high around 0.8800. I believe the current level has still room to go. Look at the daily candle. looks like there are no sellers at all. The key area around 0.8790 will be good place to short which is the confluence of 1.618 EXT and monthly resistance zone.
Monthly Chart:
Good Luck!
Trade active:
Price reached the key resistance. Let's see if this actually stop EURGBP. I did take short at 0.88.
Comment:
No selling pressure yet. Price may go up to daily 1.27 Ext 0.8850.
Trade closed: stop reached:
Can someone tell me how to go back in time?