EUR/GBP Short Trade Setup
I’m looking at a potential short opportunity on EUR/GBP based on current price action. The market has been trending upward, but I anticipate a reversal around the 0.85990 zone.
🔹 Entry: 0.85990
🔹 Stop Loss: 0.86348 (Above resistance)
🔹 Target 3: 0.84890 (Key support level)
This setup offers a solid risk-to-reward ratio, aligning with my overall trading strategy. If price action confirms the reversal, this could be a high-probability trade.
Let me know your thoughts in the comments!
I’m looking at a potential short opportunity on EUR/GBP based on current price action. The market has been trending upward, but I anticipate a reversal around the 0.85990 zone.
🔹 Entry: 0.85990
🔹 Stop Loss: 0.86348 (Above resistance)
🔹 Target 3: 0.84890 (Key support level)
This setup offers a solid risk-to-reward ratio, aligning with my overall trading strategy. If price action confirms the reversal, this could be a high-probability trade.
Let me know your thoughts in the comments!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.