jcds
Short

EURGBP short

FX:EURGBP   Euro / British Pound
EURGBP             slammed by Monthly resistance after a rally. I setup a short trade with an EP at 0.869 SL 0.873 and TP at 0.863 near daily Fibo retr.
Trade active
Trade closed: target reached
I have sell position on EURGBP at 0.85953. What do you think about it? thanks in advance.
Reply
jcds mqalib
I'm going short too, I'm taking the SL over 0.8815 the 100% weekly Fibonacci retracement. BTW I think it'is a bit risky trade.

Why did you open a short trade?
Reply
i think it will go down till end of this month. But for now it is risky. I dont know to close this position or not!
Reply
Could be more upside first. Long term resistance is closer to .8800.
Reply
jcds APosner
You're right. I used the Fibonacci retracement monthly. And I did not catch the enter, damn! :-)

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