Technician
Short

Shorting the EURGBP with a tight stop

FX:EURGBP   Euro Fx/British Pound
343 5 3
Update: Full Target Hit
Profit/loss(pips)= +65


Price has drawn a long legged doji at the 1.27 projection of the latest bearish wave, meanwhile fails to decisively close above the 50-days SMA on a daily basis. A bearish divergence is also seen over the four hour time interval.

One concern is the the pair's ability to break and hold above the main falling trend line for the whole bearish wave that started from 0.8745, there is a room for a correction and a retest of the broken trend line.
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
One of my favorites :)
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Technician TOP Technician
2 years ago
Thanks Drkica
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Drkica Technician
2 years ago
And thank you also, I learned a lot from your posts :)
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Amazing
+1 Reply
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