justatrader
Short

EURGBP, Short from 0.791

FX:EURGBP   Euro Fx/British Pound
135 1 4
A break of the trend line from the H1 and H4 charts. No retracement yet, but plotting the pitchfork, we can see price stalling near the median line pointing to a rally close to the lower swing pivot point at 0.791 for a short entry targeting 0.785.

A break above .7925 could be seen as an invalidation of the short set up. Refer to the related cup and handle formation for context to the upside (https://www.tradingview.com/v/1Ssrs0dw/)
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
Picture perfect trade, playing out as expected. Euro just can't beat a fundamentally stronger Pound.
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