EURGBP: Long opportunities in play

Written by Raul Lopez on . Posted in Trades & Analysis.

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

crosses, EURGBP, EURGBP analysis

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 .
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