AnriErikanov

VERY GOOD SHORT SETUP

Short
FX:EURGBP   Euro / British Pound
3
This looks like a very good setup from a technical standpoint the bullish trendline has been broken previous week and is now heavily bearish with a recent retracement and is going to drop further through the 618 and previous key retracement and could potentially become a support level.


The trick is to add small and add more positions when consumer price index is higher then expected or at least the same.
When consumer price is below expected this could shift sentiment and go upward that is why you get in now with small positions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.