SimonHG

EURGBP Short opportunity low risk

Short
SimonHG Updated   
FX:EURGBP   Euro / British Pound
wait for priceaction to show it's path and be patient to enter the trade. if priceaction won't show enough evidence of a down trend, don't enter. look for priceaction on the 1h chart. the EMA200 and EMA50 are slowly entering "the golden cross" which is a strong indicator for showing a big possibly change in the trend.
the trend is currently at a "fighting/ resistance zone" so it is very possible to go either way. if it breaks the resistance zone i will be looking for a long opportunity at tp 0.92711 and SL beneath the resistance zone.
Comment:
split the trade in 2 and if "take profit 1" will be hit then place the last trade on breakeven to secure profits.
Comment:
those who followed this setup will already be about 100 pips in profit. i recommend you to set you last trade to break even if you decided to split it up in 2 to secure profits
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