EURGBP Sell - Breakout to Monthly Support

Short

Euro / Livre Sterling (FX_IDC:EURGBP)

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FX_IDC:EURGBP Euro / Livre Sterling

Price has touched the 0.8344 resistance level numerous times now. I have placed a Stop Entry Order just below the resistance level . At this entry, a breakout would be confirmed. If this happens, price should head towards the monthly support level , thus providing a good target (0.79815). I have placed a stop loss just above the resistance level at 0.8377, giving a risk/reward ratio of 3.53

Ordre annulé:

Trade not taken as entry was not hit

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