EURGBP SHORT

1 thg 3, 2020

Price is trading below the 200EMA creating lower highs indicating we should be looking at shorts. In addition to price being overbought on the daily, you can see price has broken through a key support and formed a new resistance while showcasing multiple rejections underneath the 200EMA. More so, price is also sitting at the 50-61.8& retracement zone where i'll be looking for more rejection candles to enter short positions.