July 23rd – EURGBP Update
Good Morning Traders!
Just a quick update to our EURGBP position.
Our order in EURGBP was filled at 0.9004
Prices went to our resistance area and turned back down exactly at 0.9005 – One pip from our projection
A larger time frame shows a potential Head & Shoulders forming. So the position may become more profitable than originally expected if the Neckline is broken.
I am now lowering my stop to BE at 0.9004
There is no risk on this trade now and the Target expectation is 0.8910. There is expected support at 0.8945, so one half could be exited at 0.8950
Enjoy the ride…
Disclaimer: These views are meant for informational and educational purposes only and not a solicitation to enter into a trade. Any trading is inherently risky. The individual accepts any and all risks implied in this post. The individual may lose all or more than the original investment.