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Sherem
Jul 23, 2018 3:29 AM

EUR/GBP short again Short

Euro Fx/British PoundFXCM

Description

RSI is showing signs of divergence on the 6 hour. Weekly MACD does look strong, however we are over extended on EUR/GBP and we should get some movement back to the moving average. Nice risk to reward. Caution, with the turmoil going on in Britain, we could see continued movement to the upside.

Comment

We are in profit, getting close to our target

Comment

You should have booked profit on this at least once, a reshort might work here. not as strong as before, but still might go back down on some news. Make sure you have a stop in place in case it starts running up.
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