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tntsunrise
Jul 17, 2017 4:15 AM

EURGBP Trend Change Short

Euro Fx/British PoundFXCM

Description

EURGBP Trend Change
The channel was broken last week.
now pay attention to 0.8799-0.8825 area
for a pull back short
First target : 0.8650
2nd target: 0.8400

If strong bullish candle break the yellow zone then
cancel the trade.
Good Luck!
Comments
ernstschwarz
so ?
ernstschwarz
from the way the price went back to the trendline we been able to see that this is likely not going to go down. trade idea was valid and good but selling blindly is not a ood idea, seeling the pinbar tht was in the zone was not a good idea neither because even an order 10 pips below the low of the pin woudl have been triggered. everyone needs to go to study and see how these wavy upmoves after a trendline break should look like. enough educational material on the web and on tradingview.
TheGlitch
I see your perspective. I would probably draw it out like that too - Part of trading.
Walentine
very well!
Koryphaeen
the idea is still valid until it breaks the top and even a break of it wouldn't change the daily structure much, no matter of the bullishness of this upmove
TAKAFX
Xashaa
UK inflation numbers killing this chart
JayRally
For further confirmation ;)
jojofang0901
Lovely trade setup, thank you very much for sharing your idea. I have similar view on this pair
as well.
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