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EURGBP: Potential Trend-Following Setup



Hey traders,


This morning with my students we discussed a shorting opportunity on EURGBP .

The pair is trading in a downtrend.

Retracing from 0.842 level, the price reached 0.8465 strong resistance cluster.

On that, the pair formed a horizontal trading range.


To catch a trend-following move wait for a bearish breakout of the support of the range.

You need at least hourly candle close below.

Then short aggressively or on a retest with your first goal being 0.843 level.


In case of a bullish breakout of the range, the setup will be invalid though.

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