EURGBP: Long opportunities in play

The EURGBP traded in a tight range in between 0.8817 and 0.8721 for almost three weeks, but now, it broke the long term resistance and it is trading in a strong bullish market condition. Please take a look at the next chart:

EURGBP
EURGBP

Its likely that the EURGBP will reach its next long term resistance level around 0.9019.

My Trading Plan:

I will look for long trading opportunities and will set all my TP orders below the next resistance around 0.9019.

Al short trading opportunities will be ignored.

Good luck!

Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .