eurgbp has been on an uptrend since most of last week. My weekly trade is based on trend continuation.
As we have seen, price has bounced off the daily 55 ema, and thus I expect a double top formation around the 0.8700 area

Thus, as shown by the arrow ups on my chart, I intend on entering around the wpp area, which also fits into my fibonacci zone.

However, until price enters that area, I intend on shorting the pair upon signs of short term downside continuation, that entry is marked by the arrow down on my chart.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.