eurgbp 8h best level to short/hold tp 200 pips

17 באפר׳ 2023

🔸Hello traders, let's review the 8 hour chart for EURGBP today. The active range is defined
since January 2023, so we are still trading in this range 4 months later. Right now bid is near
8850 so we are closing in on range highs and therefore expecting risk/reward to shift in bears\
favor after we hit overhead resistance later this/next week.

🔸Range lows set near 8775 and range highs near 8900. Premium prices overhead at 8930
and 8960 and below at 8730 and 8750. Range is 200 pips wide, which makes it great for trading.

🔸Recommended strategy for EURGBP swing traders. Risk/reward shifting in bears favor once
we hit overhead resistance. short sell high near 8930 premium prices. TP1 bears is +100 pips
TP2 bears is +200 pips. Short-term final pump to hit overhead resistance and trigger reversal.

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