EURGBP short 2618 strategy

Posted On 12 Jul 2015

By : TradingView

Comment: 0

Tag: EURGBP

EURGBP short 2618 strategy

Euro Fx/British Pound
FX:EURGBP

tonitrader

Following the 2618 strategy we might see a short opportunity in the coming trading week/hours.

Prerequisite: return on 0,618 level as entry point. Otherwise our Risk Reward Ratio wouldn’t be sufficient enough.

First taget ist set right at the previous low structure level, second target further down at a big support level.

Insecurities about the lasting of Greece in the euro might also be a reason for another euro weakness, but depending on the news which affect the charts quite heavily at the moment, we might also see a movement into the upwards direction. But we’re secured with our Stop-Loss.

Source:: EURGBP short 2618 strategy

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