KVE

EUR/GBP: Up for a retracement?

Short
KVE Updated   
FX:EURGBP   Euro / British Pound
4
We re-tested the trendline at a big S/R zone as seen on the Weekly/Monthly charts:

I just entered short at market with SL above the previous three 4H candle highs, a wider and safer SL should go above the high at 0.7760.

2 targets based on fib retracements as on the chart.

Watching the trendlines and channels now to see if they break so that I can add shorts after confirmation of further breakouts to the downside.
Trade closed: stop reached:
Stopped out and then bamm hit TP1... damn...
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.