EURGBP: Short Trades from Resistance
The price reached 0.93000 resistance zone. RSI reached the overbought zone as well. The price action at the resistance will be able to provide us interesting short opportunities based on the daily and hourly timeframes. We will have to wait for exact reversal and trend breakouts signals and use them for opening short trades. Stop orders should be placed above the local swing high. Profit targets should be at SMAs.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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