fxtraderkristina

EUR/GBP - SHORT TRADE SETUP

Short
FX:EURGBP   Euro / British Pound
Today the market gives me lemons, so I'm trying to squeeze some lemonade for us to enjoy :D EURGBP has broken past daily MA's of 20/50, heading towards the MA 100. We can see a nice 1-hour descending triangle pattern structure being broken, suggesting bearish power in the market. Based on the new hedge fund report, the euro has been sold off against the pound. This pair might be a slow burner, but the setup looks like a great sell opportunity.

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