Stelian
Short

EUR/GBP formed again a pipe top.

FX:EURGBP   Euro Fx/British Pound
211 0 0
I find pipe tops a very reliable indicator on a bear trend. Here we see one formed on the channel breakout , that has made a pullback on the day, so I recon it is a good place to enter. The textbook target is market by the red line C, however I personally would have a stop loss [not trailing, as volatility in the FX is considerably high] and keep track of the currency's movement.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out