Technician

Trade 3: Short EURGBP at confluence of resistance

Short
FX:EURGBP   Euro / British Pound
Looking to short the EURGBP slightly higher as the price hits multiple resistance levels.
1- The ceiling of the short term rising channel
2- The 200-days simple moving average
3-Bearish engulfing candle on four-hour
4- A falling trend line on the daily chart
5- RSI is overbought

Best
Technician
Comment: Some notes:
All my trades will have Risk of capital per trade of 2%

Stats before this trade:
GBJPY Trade = +3.6%
AUDUSD Trade= -2%
Net return = +1.6%
Trade closed: target reached: S.L reached.
Profit(pips)= -60.
Stats After this trade:
Net return = -0.4%

For More on this idea and other ideas visit me @ https://theforexchannel.com
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