Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Market is annoying these days and I want to note again just beware of low liquidity and keep it small.
EURGBP is still in a channel and is moving with no goal and target, 0.8545 and 0.8450 are important levels now:
Those levels are the upper bond of the channel and median line of the channel which shows price behaved to this levels before many times.
I’m looking at 0.8545 for a possible short setup and at 0.8450 for a possible long setup. If price wants to go higher, it has to break the channel to the upside, so also look for a break of the upper bond and after a candle closed above it then I would consider to go long.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Winner’s Edge Trading, as seen on: