Technician
Short

EURGBP: Shorting Again On Potential Three-drives

FX:EURGBP   Euro Fx/British Pound
1924 6 17
The overall bias remains sideways within the past months. Currently the price prints a pin Bar at horizontal resistance and completion of a three drive bearish harmonic structure just near the top of the range. The structure of the three drives is not ideal as there is no exact symmetry in the extension, but i would consider it.

Best of luck. Join me at https://twitter.com/thefxchannel
Also at my Facebook             page http://www.thefxchannel.com
Google             Plus : https://plus.google.com/+Thefxchannel0/posts
My best regards,
Technician

==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
Great work.
Reply
Am i a bit unlucky recently, targets on the making
+1 Reply
Guys at this moment I would suggest open shorts to move SLs to BE or at least reduce risk by aproaching entry level : price failed to breach last low
Reply
Take care with position size , Ichimoku cloud points to the upside . I would short only upon confirmation below 0.79
EURGBP
Reply
i m in :)
Reply
Good luck, i put my limit order as well
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out