EURGBP short Focused Fortune FX

26 Jul 2019

update after some pound weakness, we can consider the entry point until now as a drawback phase. as trade setup still completely correlates with what was suggested yesterday night before some pound weakness through the night (germany calling out bo-jo). We can see nothing was anything major or significant therefore we do not need to worry for any reversals as such just now as the pullback currently looks like a retest of the broken ascending channel. Perks of swing trading is holding positions for a longer period to receive a larger benefit from the trade. Patience is key. Some big Euro data due over the next week including ECB interest rates too as well as UK data.