Liamking894
Short

EUR/GBP Short Resistance

FX:EURGBP   Euro Fx/British Pound
57 2 2
EUR/GBP             Near heavy level of resistance and it's hitting the overall down trend line - drawn from the hour 4 chart using basic price action.Currency is also near the weekly high. Hourly candle also formed what looks like a spinning top . Also a sign of a reversal.

I can see it dropping to at least 0.73850 then retracing back up. This is if it does have resistance on our level. Theoretically, of course. Trade safe and have a great weekend!
Trade closed: stop reached: Stop loss hit. Take profit should have been less.
Update: She has been selling off nicely. Will still like to see it touch the 73850 level. although i am unsure if it's going that low. Would pretty much sell off until the 200 ema - looks a little less likely now but we'll see.
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Liamking894 Liamking894
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