Market watch – $EURGBP 11-29 -2016

Every week a new trading opportunity !

On our market watch today is EUR/GBP. The pair is below 100 SMA (red line) 0.8630 and while this level holds this is short trade. Today price action is offering us new selling opportunity below today’s close. You need to wait for an end of NY session for entering pending sell stop order.

Recommended trade size should be adjusted to your risk profile and money management. 

Preferred trading strategy  pending sell stop  below the close of today candle and target 0.8200 level.

Happy trading! (click on the chart to enlarge it)

 

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