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SimonHG
Sep 13, 2017 12:10 PM

EURGBP Short opportunity low risk Short

Euro Fx/British PoundFXCM

Description

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
Comments
SimonHG
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
Senki
Been Short on this pair since Monday all technicals are showing signs of Shorting this pair anticipating 0.8900... I like the way you analysed it.
SimonHG
@Senki, sounds great, thank you!
Senki
@SimonHG, yep it will be great if we can bag Some Pips and make a bit of cash.
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