glennhowell

EURGBP | Going down and going no where

Short
FX:EURGBP   Euro / British Pound
82 views
10
Love this 4-hour EURGBP chart.

We've seen price fall hard off the recent highs, and the bulls haven't seen much recovery, just pauses on the way down.
The structure to this trader is down + no where + down + no where and right now we're in a no where phase. Guess whats likely to be next?

We could short down to the 0.9040 level a a first target, possibly extend to 0.8930 or so for a second.
Trade closed: target reached

Comments

Simple and clean setup, keep it up mate :) Leave us a like as well
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter