EURGBP: Bearish market condition, looking for shorts

Written by Raul Lopez on . Posted in Trades & Analysis

The EURGBP traded in a short term range in the last few days but now apparently is out of that range:

EURGBP

EURGBP

It will probably head down and hit the next LT support level.

My trading plan:

As long as the EURGBP trades below 0.8970 I will be looking for short opportunities. Please keep in mind that we might find some short term support around 0.8932

All long opportunities will be ignored.

Trade Safe!
Raul Lopez

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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