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DrFaust_Official

EURGBP_short setup

Short
Euro / British Pound (FX:EURGBP)  
DrFaust_Official Updated   
FX:EURGBP   Euro / British Pound
#eurgbp_shortsetup
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#eurgbp_shortsetup
Hello fellow trader,

A short setup at the current price for EURGBP.
I will add follow up and explanation to this pair, intraday only.
Trade well!

Trade active:
My short at the current price for EURGBP based on three reasons: 1) An extension to fibs 1.618 is fulfilled,
2) No further higher highs is made
3) stagnation of price zone at a retracement of 0.382.
Short term decision: short with a very lower risk (around 15 pips)
snapshot
Comment:
good time now to move the short position for EURGBP now to the entry point, trailing start as planned.
Alternatively t/p can also taken a part from here.
Trade closed: stop reached:
What for a news, and experiences we experienced, GBPUSD up but EURGBP has also been raising :)
EURGBP_short setup
Hope that we were getting out of the markets yet in time with little profit.
Trade well and see you next week.
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