ethanova

EURGBP Short

Short
FX:EURGBP   Euro / British Pound
On the daily there is an ascending wedge with lower MACD and RSI values. Look to short near the top of the wedge , maybe around 7430 with a stop around 7450 and take profit around 7350 with an eye to move it down if the ascending wedge breaks down.

Comments

Nice divergence. As for the wedges, I find them too treacherous to trade.
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