Chris current open positions: GBPCHF, EURCHF, EURGBP, PLUS, BIR
NOTE: Want to trade forex breakouts? Learn more by reading my free article on trading breakouts.
EURGBP – Back at ST Support After Strong Selling (4h chart)
The MT resistance we covered in our daily trade ideas on Monday was well defended by the bears who after a few attempts by the bulls to push through, did send price back to the ST support zone (0.8710 – 0.8730).
As mentioned in our mid-week quiz conclusion this ST support is located right above a wider MT support zone (0.8665 – 0.8700) and IMO, both can offer solid potential trading locations to bulls, depending on aggressiveness and holding time, with closest resistance being …... Keep reading