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KVE
Oct 5, 2016 6:53 PM

EUR/GBP: Breakout trade... Short

Euro Fx/British PoundFXCM

Description

One short from the top based on longer term analysis.

We broke down the up channel and it seems that we have a flag pattern emerging so we might get another wave down if we break below the corrective pattern...

So I am now on this breakout trade..., keeping the harmonic pattern in mind for reference if we continue back up...

Comment

Looks like its breaking out of the consolidation...
Comments
insane844
Should we short?
KVE
Depends on your style and strategy, I think the move is probably limited, at least for my appetite...
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