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Pjorge89
Jul 19, 2017 3:31 PM

Short on EURGBP Short

Euro Fx/British PoundFXCM

Description

I believe that we are temporarily bearish on EURGBP. We are not ready to fully decide whether or not to say that we are in a trend reversal, but
from what I see, it is a possibility. Price has been respecting the .8850 Montly Level/Resistance. If we break the strong level of .8750. We may be in
store to see a trend reversal. We've already broken the monthly and weekly ascending trend line so anything is possible. Targets are shown on chart.
Safe Trading

Risk Reward:
Target 1: 1:6
Target 2: 1:3.5
Comments
Pjorge89
Shorts switched to longs only if we have a nice daily close today. As well as a bullish weekly close.
Pjorge89
I'm out of this . If you were in on this trade the stop loss was small . Stick and move. On to the next . Euro looks like it's on route to recovery. I'm out of this paid . Shorts switched to longs
Pjorge89
I'm down on this pair by.the way
Pjorge89
Last shorts on the spike . Another 30 pips up I'm closing out completely
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