glennmercer
Short

EURGBP Short: Selling Against Invalidation Level!

FX:EURGBP   Euro Fx/British Pound
Mornin' Traders! As predicted, we saw a dip before another push up to complete wave-((2)). If the count is correct, this level will hold. Otherwise, a recount is in order and will have sideways corrective structure. For this reason, I'm willing to put a stop against this level and shoot for the gap in the 0.81's which yields a very high R/R. Updates to come and as always, happy trading!
Trade active: Nice rebound off the bat from Market!
Comment: Still holding this one! Moving Stop to B/E. Snapshot: +42 Pips
snapshot
Hi Glenn, are you looking at shorting this to the .84 handle? Looks like more downside for this pair. However downside for this pair would mean GBP/USD would rally to a higher handle as well, somewhat of an inverse correlation trade.
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glennmercer PRO DonaldBradley
Donald, yes. Exactly.
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DonaldBradley glennmercer
Awesome. Are you waiting to long the GBP at a lower level, 128.20 area? Waiting for a breakdown?
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DonaldBradley DonaldBradley
GBP/USD*
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waw I'm waiting for this EUR GBP for months
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