EURGBP – Short term range

The EURGBP is trading in a short term range 0.8441 – 0.8357 around a LT important level. Since the range is well defined (clear S&R levels) we are allowed to trade it, the strategy is simple: once the market gets to the top, look for short opportunities and once it reaches the bottom of the range, look for long opportunities (price action patterns):

Take in consideration that if the EURGBP breaks the range, it will trigger a trading condition in the direction of the breakout, and only trade opportunities in that direction will be valid.

Trade Safe!

Raul Lopez
Forex Courses

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 .