RichardEdwards

PRO
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About me I am looking into a break out or re-testing strategy of key support and resistance levels backed by fundamental outlooks on currencies both short term and medium term. I am focusing on the swing trades that require less management and can be checked once
Joined United Kingdom
Markets Allocation
100 % forex
Top Mentioned Symbols
EURGBP 100% | 1
RichardEdwards RichardEdwards PRO EURGBP, 240, Short ,
EURGBP: Short EUR/GBP
12 0 0
EURGBP, 240 Short
Short EUR/GBP

Looking at a possible short now the trend line has been broken that has been support since June 2016. I will enter the trade on a pull back to the 0.84450. This could be a long term short down to 0.8000. With a stop at 0.84550 this gives around a 4:1 risk reward ratio. If the trade plays out then intraday shorts can also be taken along the way when correlated ...

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