Art-of-FX
Short

EURGBP Short play to trend line

FX:EURGBP   Euro / British Pound
152 2 6
I think the EURGBP             has some downside here, I would like to at least get a retest of the shown trend line on the chart to begin with. At this point Ill watch for a break back down or a bullish candle closing above the trend line . Provided we break back down under the TL I will aim for 2nd listed target on chart. If we get a nice bullish candle off the TL I will consider longs with a tight stop under the bullish signal candle.
Comment: Went ahead and stayed in this trade, moved my stop above the last high, just as my GA is below the last low.
Comment: moving slow, retested though so the bear side does not look amazing. But will hold position until stopped.
Trade closed: target reached
This sucker is not moving much and it's scaring me.
Reply
Dont be worried when it doesnt move. Just be worried if it moves to the stop listed;) Thats why we choose proper R&R rations.
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