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

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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 .