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jojofang0901
Jul 17, 2017 7:19 PM

EURGBP SHORT OPPORTUNITY Short

EURO / BRITISH POUNDICE

Description

Hi Traders:

We are seeing a great opportunity on EURGBP short. As the price action has finally show some bearish momentum, broke below the support trend line on the 4 hr chart. Now we are seeing a nice pullback, can potentially form a lower high to confirm bearish continuation. Good idea to enter at the first lower high for a great risk:reward ratio.

I will update any trade entries on this pair in the next few days.

Thank you for you support and feedback.

Comment

Here is the daily chart:

Comments
Cevizkabugu
Do you still think that the bias is downside ? I see a pinbar at 4H chart ?
jojofang0901
@Cevizkabugu, Yes I still think the overall momentum is bearish. Just need more confirmation on the intraday charts.
Mustapha87
May I ask your entry levels & stops? Ty.
jojofang0901
@Mustapha87, Didnt enter becuz of the GBP GDP news event. But looking for entries now
AhmedHamdan1
I think it would act within or after tomorrow's GBP news !!

jojofang0901
@ahmedhamdan, yup chances are the news will push it to the desire direction
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