If you are not trading the EURGBP you should, because yesterday it broke through an important resistance level triggering a bullish condition.
You know that we always should trade in the direction of the least resistance, and for the EURGBP, since it broke through an important resistance level, it is likely to continue its way up.
Here is the chart:
Here is my plan:
As long as it trades above 0.7872 I’ll be looking for long opportunities.
The next resistance level is at 0.8068 (all take profit orders should be placed below this level).
What do you think about my trading plan?
Leave a comment below.