Sascha_Gogolin
Short

EUR/GBP at interesting key s/r level

FX:EURGBP   Euro / British Pound
40 1 3
EUR/GBP             has climed towards a really interesting weekly resistance level and is showing signs of rejection on the daily chart (2 back to back pin bars). On the 4 hour chart we can clearly see that price has put in another wedge pattern around this level. Last time this pattern led to a strong breakout which I took and profited from. This time however I am more biased towards a breakout to the downside and a potential short with first targets around 0.7545 and the weekly support around 0,7440 as an extended target.
My apologies. It should say 2 pin bars on the weekly chart...
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