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.
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