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
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
Tags: crosses, EURGBP, EURGBP analysis
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Raul Lopez
I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching
program, I can help you develop a system that helps you trade with better results.
