tartantrader

Cable shows resiliency at the Fib and 0.89 mark

Short
FOREXCOM:EURGBP   Euro / British Pound
I like the pound for short at current price, we have the fib, 0.89 level and a few candles indicating longs are struggling. I am short at 0.8889
Stop Loss at 0.8910, Take Profit at 0.8850 1st and 0.8807 final. I am keeping a tight leash on this trade a close above 0.89 would negate the short.
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.