Gnosis
Short

Head and shoulders

FX:EURGBP   Euro Fx/British Pound
38 1 0
Daily chart shows a downtrend for EURGBP             . So we are looking in the charts for ideas to go short.
This one is a possible entry short on the M15 chart, based on a head and shoulders pattern where the neckline is also a double bottom. First Target for this trade is the S1 daily pivot, which coincides with a H4 Support level.

Sell Stop at 0.7070 (cancel order if right shoulder is broken upwards)
Stop Loss at 0.7087 (just above right shoulder)
Close half position at 0.7058 and move stop loss to break even.
Tree1
a year ago
Nice !
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out