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DominicRoberts
Jun 28, 2018 7:50 PM

EURGBP Monthly Resistance & Lower High Short

Euro Fx/British PoundFXCM

Description

EURGBP Sell

Entry Price: 0.88497
SL: 0.88800
TP: 0.87311

Price bouncing off Monthly resistance (Pink Horizontal line)
Forming Lower high Within Trend channel
Price has broken out of rectangle but this could potentially be buyers running out of steam
Stochastic over bought
Fundamental news for GBP tomorrow which if positive could see price take a dive

Trade closed: stop reached

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