EURGBP Needs to fill in some space

EURGBP is currently far separated from the CLMA, with this in mind here is a possible short term trade to make as we might see a slight pullback towards the CLMA on 4H. Target is set to the pice of where the 200 Day Moving Average on the 1H chart will likely be in the coming week. This is all a setup before a potential long for EG.

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FX - EUR/GBP
Chart timeframe - 4hr
Area of interest - 0.89430 , 0.88802

Potential target 1 - 0.88802
Potential target 2 - N/A
Potential extended target - N/A

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Trade Safe everyone!

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Commentaire:

Price is nearing 200MA on a 4H chart, this might be our turning point for this small trade.

Ordre annulé:

Failed break, no trade was executed