11021992

EURGBP short entry for many reasons

FX:EURGBP   Euro Fx/British Pound
118 4 9
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!
Trade active
Trade closed: target reached: Both targets hit.
Watch me trading 2 perfect Gartley patterns live at https://youtu.be/eQGAn5_-95s


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Nice one! I am expecting a retest as well.
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Hope everything goes according to plan
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TAtrader 11021992
Yes, most of the things. I am holding EUR/USD short. EUR/GBP I might enter.
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