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theforexportal
Oct 11, 2016 8:18 AM

SHORT EUR/GBP Short

Euro Fx/British PoundFXCM

Description

On the daily the last 3 candles have been doji indecision candles. RSI on the daily time frame is currently over 82 and on H4 71 and falling.
EUR BULLS are under pressure and EUR/USD is declining rapidly.
Risk reward on any EUR/GBP SHORTs is massive once we start heading south.
SHORT here (.9040) with a STOP at .91.07 with an initial target of 88.14.
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