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Free EURGBP Short Trading Setup 

Last Updated: May 14, 2022

By Rayner Teo

The EURGBP Weekly Chart:

week

The weekly chart shows that this pair’s momentum is to the downside. It has another 180 pips more before approaching the key area.

The Daily Chart:

daily

The daily chart you’d notice price likes to retrace about 70 pips before heading lower. Thus I’m expecting a similar move again.

The 4-hours Chart:

4 hour

The 4-hour chart shows previous support turned resistance at the green area.

Look to short at the green area with a stop loss of 25 pips.

Take half at the swing low at around 0.7920 and the remaining half to ride.

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