Gnosis
Short

Head and shoulders

FX:EURGBP   Euro / British Pound
45 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.
Nice !
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out