TheSupportResistanceTrader
Short

Shorting EURGBP if retest of strong resistance

FX:EURGBP   Euro Fx/British Pound
As you can see on the chart we have both a small channel (green lines) and a bigger "channel" indicated by the blue lines if you zoom out. Both of these align at approximately the same place giving us a great place to short (since this pair is in an obvious downtrend on the higher timeframes). Looking for a pinbar on the 30 min/1hr as confirmation if it retests the green reversal zone. Opening two positions would give us a 1:2 r:r on one position and 1:5 on the other. As usual we move our stops to breakeven once half of the profit level has been reached. Hold your thumbs!
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