11021992

EURGBP short entry for many reasons

FX:EURGBP   Euro Fx/British Pound
116 4 7
8 months ago
Hi traders,

On the EURGBP             I am looking for a short entry. It has been going up a lot lately. Too much in my opinion. What this usually means is that price will retrace a a bit to regain some power.
Reasons for my short entry:
  • Previous support & resistance
  • Completed AB=CD pattern (see below in comments)
  • 161.8 fib extension of the recent swing (see below in comments)
  • 127.2 fib extension of the recent swing (see below in comments)
  • Trendline
  • 61.8% fib retracement
  • 38.2% fib retracement

Entry: 0.8055
Stop: 0.8116
Target 1: 0.7885
Target 2: 0.7765

Best of luck!
8 months ago
Trade active
5 months ago
Trade closed: target reached: Both targets hit.
11021992
8 months ago
snapshot
Reply
TAtrader
8 months ago
Nice one! I am expecting a retest as well.
Reply
11021992 TAtrader
8 months ago
Hope everything goes according to plan
Reply
TAtrader 11021992
8 months ago
Yes, most of the things. I am holding EUR/USD short. EUR/GBP I might enter.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out