Get started
taming_the_mind

EURGBP short from downward channel and failed to breakout

Short
Euro / British Pound (FX:EURGBP)  
taming_the_mind Updated   
FX:EURGBP   Euro / British Pound
EURGBP Parallel Channel Support and Resistance short retest riskreward
7
1
eurgbp parallelchannel supportandresistance short retest riskreward
As suggested, short from the downward channel, price tried to break out of it but failed from this resistance level around 0.85235. Already pull back and retest. Resistance level continue to be valid. Also, Reversal of RSI around 66 (overbought).

Target 1 : 0.84451
Target 2 : 0.8370
Trade closed: stop reached:
can be a trap to stop out ppl. look like it is trying to form out another reversal signal again. we shall see.
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.