EURGBP: Shorting Again On Potential Three-drives

FX:EURGBP   Euro / British Pound
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.

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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
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


Am i a bit unlucky recently, targets on the making
+1 Reply
Great work.
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
Take care with position size , Ichimoku cloud points to the upside . I would short only upon confirmation below 0.79
i m in :)
Technician LauKang
Good luck, i put my limit order as well
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